Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Steven Taylor who wrote (3712)	7/16/1998 2:33:00 PM
From: Steve	Read Replies (2) \| Respond to of 4276

Taylor you know so little about swabbing it is really pathetic. Swabbing stimulates the formation unlike traditional pumping methods. Without swabbing there would have not been as much production therefore there is no lost production. Your arguments are lame at best. Production Engineers have evaluated swabbing as a production method at Oilex properties and deemed it appropriate and economic. Also, with swabbing there is reduced water production, paraffin build-up and certainly no sucker rod failure, pump failure or any need for a work over rig. Maintenance and operating costs annually at an oil well in West Texas runs around $15,000 per well. Swabbing cuts that by half or more.

To: Steven Taylor who wrote (3712)	7/16/1998 4:44:00 PM
From: CHRISTINE	Read Replies (1) \| Respond to of 4276

Hi Steven, This is his latest post on AOL. Now that he is on the Board of Directors I assume he is subject to insider trading rules. But I am sure he will try to give us as much information as possible. For he knows very well that the lack of information can cause shareholders to loose faith in the Company. I think we will be seeing many more press releases on what Oilex will be doing to improve all aspects of the company. One press release I will be looking forward to would be the handling of the last debenture and keeping those shares out of the market, and also a much improved and higher oil production. It would also be nice to see a press release regarding the calling of certs. I have always been an optimist as I am sure everyone can tell, but some of my hard earned money is invested in this Company. So it only makes sense that I want Oilex to succeed and with Mr. Yarmak on Board I think this will happen. It is apparent that he is keeping a very close eye on the stock price. Christine Subject: Who is Buying? Date: Thu, Jul 16, 1998 14:11 EDT From: CALIFTALK Message-id: On Wednesday I purchased 20,000 shares at market - confirmed at 30 cents and today on Thursday I entered a buy order for 23,000 shares at market which was confirmed as follows: 5,000 @ 35 cents 8,000 @ 355 cents 10,000 @ 37 cents The market makers now quote Bid 35 cents Offered 39 cents last sale 39 cents with a reported volume of 214,000 shares traded as of 14:10 EST I now hold 3,750,000 shares purchased at prices as low as 13 cents and as high as 37 cents. Estimated average price is 275 cents.