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

To: M. M. Jones who wrote (3756)	5/20/1998 8:45:00 PM
From: Sidney Reilly	Read Replies (3) \| Respond to of 4736

™¨™ ™¨™ ™¨™ ™¨™ ™¨™ ™¨™ ™¨™ ™¨™ TRUTH? Time will tell.

To: M. M. Jones who wrote (3756)	5/21/1998 4:47:00 PM
From: Michael T Currie	Respond to of 4736

Hi folks, Just catching up on a few things and decided to look over the thread to see what was happening. Came across this: > Two wells are already flowing. 8 or 9 wells are ready to be hooked up as soon as NAMX installs "separators", which separate the water from the gas. This should be finished very soon. Are you saying that newly completed gas wells are already producing water? If so, this is not good news, I'm afraid. Depending on where these wells sit on the structure, it sounds as though the reservoir has a very shallow rate of dip with water either underlying a very thin gas sand or that the reservoir has very low gas saturations. Either way, you can expect a very low recovery factor (measure of the ratio of produced gas to original gas in place). Mike