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

To: Steven Taylor who wrote (3721)	7/17/1998 1:15:00 AM
From: Steve	Read Replies (1) \| Respond to of 4276

It is you who have demonstrated a lack of knowledge of production swabbing and an unwillingness to learn about ORS swabbers or to even see one in action. You think you know it all, well, sorry you don't. Until you are willing to learn about ORS swabbers you will lack any credibility here. The leases that Oilex has acquired were acquired with the expectation of applying ORS swabbing technology to get them back into production. Most of the leases that Oilex acquired were not producing at the time of acquisition. These wells were shut-in by the former leaseholders who made an economic decision to stop production and sell them off. Oilex had many problems in 1996 and 1997 in getting the wells into production; fractured casings, etc. It is not surprising that production was slow to ramp up and why there was a cash crunch and the need for alternative financing. As to whether I was misinformed about the debentures I was I had been told that a "white knight" had purchased them and was holding them and would not convert. Apparently that deal fell through and the debentures were converted as many colluded to short and cover. You didn't respond to the substance of the prior post about reduced lifting costs. This is the main benefit of swabbing. Perhaps in your vast knowledge of production engineering you could comment on the benefits of a new technology that lowers operating and maintenance costs in making a well economic to place it into production or continue producing from an existing well.

To: Steven Taylor who wrote (3721)	7/17/1998 9:24:00 AM
From: CHRISTINE	Read Replies (1) \| Respond to of 4276

A post from Califtalk. For those of you who do not read AOL. Christine Subject: Price movement Date: Fri, Jul 17, 1998 04:16 EDT From: CALIFTALK Message-id: <1998071708164700.EAA11054@ladder03.news.aol.com> ubj: Re: More Investors Date: 98-07-17 04:08:03 EDT From: CALIFTALK To: C764 The price movement reflects the buying decisions and selling decisions of many individuals. The constant demand for shares during the past two weeks and the elimination of shares from the debenture conversions has changed the direction of the market. The spread between bid and ask increased from 1 cent to 4 cents as of today and that is a sign that the market makers are short the stock and are uncomfortable in selling shares when the shares are not in inventory. If the program of shareholders requesting their stock certificates is successful then the pressure on the short position in this stock could cause dramatic movement. The stock is still below the 52 week highs of approx 62 cents (adjusted for the reverse split) and on technical grounds could test the highs. Especially since the company has proven the new in field wells recently drilled and completed in the Big Foot field and has prepared over 400 wells in the four producing oil fields for the swabber units that have shown the feasibility of 5 barrels per day per well (average). Therefore when the equipment and manpower is in place the company can produce 2,000 barrels per day. Dependent upon the market price of oil the company can generate a good positive cash flow. When the price is at the current lows of $12 per barrel the company can still operate at a profit.