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

To: Steve who wrote (3555)	6/21/1998 7:26:00 AM
From: Ditchdigger	Read Replies (2) \| Respond to of 4276

What isn't a misrepresentation,is the fact that this company has failed to file updated finacials.When was the last audited 10K filed by this company?(Aug.5,1997-yearend 1996?) OILEX INC /NV/ NT 10-K Filing Date: 4/1/98 TYPE: NT 10-K SEQUENCE: 1 NOTIFICATION OF LATE FILING SEC File Number 0-28686 X Form 10-KSB _________________________________________________________________ Nothing in this Form Shall be construed to imply that the Commission has verified any information contained herein. If the notification relates to a portion of the filing checked above, identify this item(s) to which the notification relates: Part I - Registrant Information Full Name of Registrant: OILEX, INC. Former Name If Applicable: N/A Address of Principal Executive Office (Street and Number) 3050 Post Oak Blvd., Suite 1760 City, State and Zip Code: Houston, Texas 77056 Part II - Rules 12b25 (b) and (c) If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate). (a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; (b) The subject annual report or semi-annual report/portion thereof will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report/portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and *Why has the company violated the 15th day rule?* (c) The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. Part III - Narrative State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q or N-SAR or portion thereof, could not be filed within the prescribed time period. The Registrant is still immersed in accounting procedures due to recent acquisitions which have resulted in unavoidable delays. When were these acquistions completed in the fiscal year 1997? Why should any talks with Caye effect the 1997 filing? Part IV - Other Information (1) Name and telephone number of person to contact in regard to this notification Warren J. Soloski 310-477-9742 (2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) been filed? If answer is no, identify report(s). Yes (3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? No If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results can not be made. OILEX, INC. has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. Date: April 1, 1998 By: /s/ Oliver Timmins III, President INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative's authority to sign on behalf of the registrant shall be filed with the form. ATTENTION Intentional misstatement or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001). 1. This Form is required by Rule 12b-25 (17 CRF 240.12b-25) of the General Rules and Regulations under the Securities Exchange Act of 1934. 2. One signed original and four conformed copies of this Form and amendments thereto must be completed and filed with the Securities and Exchange Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of the General Rules and Regulations under the Act. The information contained in or filed with the Form will be made a matter of the public record in the Commission files. 3. A manually signed copy of the form and amendments thereto shall be filed with each national securities exchange on which any class of securities of the registrant is registered. 4. Amendments to the notifications must also be filed on Form 12b-25 but need not restate information that has been correctly furnished. The Form shall be clearly identified as an amended notification. One last question,who has dumped 2M plus 144 shares on the market in the last year?(123,750 @0.15 reprorted 4/98. Note another 144 filing reported 5/20,but I can't access) DD PS: where is the 10Q for the first quarter? Where is the 10Q/nt filing? What is the company hiding?

To: Steve who wrote (3555)	6/22/1998 2:37:00 AM
From: Steve	Read Replies (3) \| Respond to of 4276

Considering the recent misrepresentation of Oilex on this board...I repost the latest in great news from the company: Oilex's Infield Drilling and Workover Project(s) Are a Success HOUSTON, April 23 /PRNewswire/ -- Oilex, Inc. (OTC Bulletin Board: OLEX - news) announced today the success it is having with its In-Field drilling and re-working projects. In the Big Foot Field, TX, the new In-Field wells Biedeger 1-19 and C.R. Thompson 6-17 are averaging about 20 barrels of oil per day. The third In-field well, C.R. Thompson 9-9 currently has a behind pipe communication problem which is being fixed to determine daily flow rates. On all four of OLEX's fields, existing wells which previously have not been entered are being re-entered at the rate of 30 wells per month. All new such activity is demonstrating very promising results. In most cases the new wells being re-worked and swabbed back into production are producing an average of 5 barrels per day per well. It will take approximately 90 more days to re-work and place into production the remaining wells which have not yet been entered by OLEX. With the recent exchange of fourth generation swabbing units for fifth generation units, OLEX daily equipment utilization has gone up by 60% without downtime. The combination of expenditures by OLEX to drill the new In-Field wells, re-work existing well bores that previously had not been swabbed and the utilization of fifth generation equipment has resulted in approximately 150 barrels a day of new oil production. With this success OLEX management will continue it's In-Field drilling and re-work operations. In related news, CAYE CHAPEL, INC. Las Vegas, Nevada (OTC Bulletin Board: CAYC - news) has funded another $150,000 to OLEX under their $2 convertible debenture agreement. The agreement calls for up to $2 million in funding as OLEX cash flow requirements are needed. To date CAYC has funded $400,000 under the debenture agreement with OLEX. Additionally the boards of OLEX and CAYC have continued negotiations on possible consolidation of the respective companies. Terms of the discussions are expected to be announced in the next ten days. OLEX is a developmental stage company engaged in the acquisition and development of oil and gas properties and has assets domestically and internationally. This news release includes forward-looking statements that involve risks and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the company's ability to produce and market products and/or services and other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission. SOURCE: Oilex, Inc.