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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera! -- Ignore unavailable to you. Want to Upgrade?

To: Sidney Reilly who wrote (3115)	3/29/1998 6:17:00 PM
From: M. M. Jones	Read Replies (1) \| Respond to of 4736

When I spoke with Steven Eschback of KNE, who was courteous and prompt in returning my call, he told me NAMX was small potatoes in the KNE scheme of things, there was no guarantee they would keeping metering the one well -- if the gas was not there, they would stop, and his tone of voice about the NAMX field was very skeptical. Because I had been misinformed by members of this thread who never question anything about NAMX, and I had been told by them that three wells were being metered and this had been confirmed by Mr. Eschback, which was not true, I do not believe the statements NAMX has made about the field at this time. In fact, NAMX has not made a statement about the field, as I understand it. Zeev says there is an industry convention about what the word "probable" means, but I have never heard that before. Can someone give me more information? Zeev? In any event, the press release says this can be adjusted up or down as results come in. That means the whole estimate can be invalidated if the gas is not there. Bob, have you ever taken the trouble to call KNE? What is the source of your information other than the press release? Sincerely, M.M.