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

To: OFW who wrote (3069)	3/26/1998 11:10:00 AM
From: Steve	Read Replies (2) \| Respond to of 4276

I have no inside source. I assume that the talks are ongoing as per a conversation with Omar earlier this week. Anyone can call the company and find similar public information. By saying that the talks are continuing is in no way inside information. Buying by Baron Marney and Caye Chapel have already been announced. Sorry no inside info here. Information from the Oilex website: News Currently infield well number 3 (CR.Thompson 6-17) has been producing fluid. It will approximately take 2 to 3 days before a true flow rate can be determined, the reason for this is that when the structure underneath was fractured approximately 70,000 pounds of permeable sand and 21,000 gallons of frac gel was forced through the structure,until the frac gel flows out completely we can not determine a flow rate. We will also open up Meadors #4-8 and will have a flow rate on it in approximately 5 days (weather permitting). oilex.com