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Microcap & Penny Stocks : OILEX (OLEX) -- Ignore unavailable to you. Want to Upgrade?

To: OFW who wrote (2933)	3/9/1998 7:11:00 PM
From: Larry Sallee	Read Replies (1) \| Respond to of 4276

Offie I guess what I am trying to say, without broaching any issues about management one way or the other, is there are things out on the table that should be considered very good news for the company and the stockholders. An offer to buy the Australian royalty property for 2.2 million cash.There are 4 new wells at Big Foot- two of which we have reports on from the Company as flowing under natural pressure and strong indications of new oil discovered increasing reserves. I think there were two new swabbers delivered and I assume paid for. The cash seems to be on hand to continue development in which ever field chosen. I got smacked in the dilution and I sure would like it ended but there are other positives that give me hope. The properties are in tact and there is money to do something.