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

To: Steve who wrote (3314)	5/19/1998 4:11:00 PM
From: Richard L. Williams	Read Replies (1) \| Respond to of 4276

Steve-- Thanks for the table. These are some surprisingly high numbers for some of these wells, unless I am misinterpreting the data. Do I correctly read that Big Foot #1 (Biediger, Ferdinand) is producing 3,089bbl of oil and 2,333mcf of natural gas? If so, what is the time frame for that production, a month, a week, a year? Also, the Revilo/Glorieta unit produces 5,373bbl oil? That's a nice number, why have we not heard of this site before? Also, curious...why do most wells seem to have a person's name attached to them? Are these the people that put the most into the drilling of the well? Or those whose land it is on? Thanks for the info, Steve! Cheers! Rick

To: Steve who wrote (3314)	5/20/1998 1:20:00 AM
From: Steven Taylor	Read Replies (1) \| Respond to of 4276

Steve, I was not implying that OLEX was not producing at the moment. And yes I know they are listed with the TRRC because they have an operator and tax number. AS far as PI/Dwights picking up on the permits, they will be posted on PI/Dwight before they are posted on the TRRC. I've used both PI and Dwights for over ten years researching information in the oil and gas industry, so I don't need a lesson on how information is processed. You give the production data for 1997. That means very little to me. Current production is what counts, not passed. If you want to state past production numbers then at least state that current production numbers are generally lower due to depletion unless otherwise recompleted in another zone. From looking at your response to the question of how well are named you do not have very much experience in the oil and gas business. All I asked was a few questions I would have liked to have answers to, not a sarcastic response. I'm not a beginner at the oil business. It's how I make my living. If you cannot answer my questions, just say so. The sarcastic response is not welcome.