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

To: zonkie who wrote (3487)	6/17/1998 3:53:00 AM
From: Steve	Respond to of 4276

It is going to happen. Remember this is currently an out of favor stock. Little information comes out of the company. But Caye is interested in Oilex and the talks about consolidation continue. The story of Oilex's success in employing the portable swabbers is a huge story. Forgetting the financing debacle for a moment if we focus on all the positives you see a company increasing cash flow every day. They are only about half way through their re-enter program and we may see before long production of around 600 barrels a day. On a recent day one oil field worker produced 160 barrels with one swabbing unit. At current prices that is gross income of about $2,000 a day per man per swabber. Expenses are only a fraction of that amount or about 15%. Production averages less than that per man per swabber per day but that is what is possible with the new 5th generation swabbers and improved routing and scheduling. It all adds up to a terrific success story. Caye Chapel is well aware of Oilex's success that is why they are still in talks with Oilex. Other investors choose to focus on late financials that won't reveal but a portion of Oilex's current success story. Other investors choose to invent stories about misconduct. Other investors choose to point to their imaginary stack of documents and sources whose identity and content cannot be revealed at this time. I say to hell with the other investors the smart money is on Oilex and portable swabbing.