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

To: Steve who wrote (3675)	7/6/1998 2:59:00 PM
From: Steven Taylor	Read Replies (1) \| Respond to of 4276

Steve, PI/Dwights gets their info from the TRRC on production. Also someone generally doesn't buy a large stake based on current production. They look at the probable reserves and proven reserves. Glad to see he will get a seat on the board. Maybe he will be able to straighten things out with this company. SteveT

To: Steve who wrote (3675)	7/6/1998 3:38:00 PM
From: Marty Rubin	Respond to of 4276

I don't know, Steve, Mr. Yarmac and I assume it's "califtalk" from AOL. I guess I missed some posts and I'm not planning to go back anyway. I know the company and the potential it always had. And from what I know, shopping.com's story may correlate. If production is really increasing to a rate of 10 times earnings, then he's there for a good reason. You figure how much oil they need at a cost of 11-12 ($11.5) and sale of $14.5. That's $3 a barrel. Good luck, Marty