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

To: Steve who wrote (3028)	3/24/1998 2:08:00 AM
From: Larry Sallee	Respond to of 4276

Steve - I agree with your post, I just wanted to modify the likely numbers they will be allowed based on the past production. This is all good news and much has been overlooked IMO. The next wells should be located to get the most out of what has been learned in the first 4. It is my belief that Walker Queen will have much the same potential. The figures I am waiting on are the reserves at Big Foot now that new oil has been found along with proving existing reserves. My guess, from hints in the news releases, is that it will be a nice surprise. I did misunderstand your remark about lifting costs- sorry. Larry