Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: jamess who wrote (3037)	3/24/1998 6:20:00 PM
From: dave	Respond to of 4276

I bought 1200 shares at 52 cents today. Ouch what a loss! Good outlook tomorrow?

To: jamess who wrote (3037)	3/25/1998 10:04:00 AM
From: Steve	Read Replies (1) \| Respond to of 4276

James, Oilex management has never lied to its shareholders. Like most BB stocks it is subject to a very volatile market in its stock. Illegal shorting and other activities by unscrupulous Market Makers is largely responsible for any stockholder losses. Long-term OLEX shareholders should take this opportunity to average down and make some money. I can only conclude that the long-term investors in this stock are completely ignorant of the oil business. Oilex is now poised to provide excellent shareholder return. Daily production is around 200 barrels a day from swabbing. The new bigfoot wells 1,2,3 & 4 will be producing, according to Omar, between 75 and 150+ barrels a day. #3 Bigfoot could produce more as they feel they hit the heart of the formation. Plans are to continue drilling new infield wells at bigfoot and other locations. Swabbing will continue but emphasis will be on new production. Each new well at Bigfoot will provide cash flow of between $400,000 and $800,000 per year. (based on $15 barrel)