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

To: edward shapiro who wrote (2958)	3/17/1998 2:04:00 AM
From: Steven Taylor	Read Replies (1) \| Respond to of 4276

Yup, those numbers aren't what you would write home about. They don't include the new drills in Frio co.. It takes awhile for the state to process those numbers. One thing that got me with was their methods was the keeping the well in production by swabbing it all the time. That's a no-no. To expensive. If it won't flow on it's own you put a pump jack on it. Cost about $7500 to buy and run at this depth. Daily swabbing is for low volume wells. What I saw in the pictures was low volume portable swabbing units. Well, don't think OPEC has to worry about anything here. Still going to watch Caye to see what they are up to. Cheers SteveT