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

To: Ditchdigger who wrote (2971)	3/19/1998 1:40:00 PM
From: Steven Taylor	Respond to of 4276

Ditchdigger, Your prices sound reasonable. As far as profitabilty, as soon as the operating costs exceed the net revenue. There are many 5-10 bbl/day wells that are still profitable at these prices if there is very little water haul off and other operating costs are low ( electricity, pumpers and chemicals ). What I'm curious about is how much net royalty interest they have in each of these wells. Operators do not have to have controlling interest.Let me know if you have any information. SteveT