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

To: Steve who wrote (3745)	7/23/1998 1:00:00 PM
From: Richard L. Williams	Read Replies (1) \| Respond to of 4276

What everyone fails to understand is that management has been innovative in its application of portable production swabbing. This is a new lifting method and Oilex and ORS have perfected the techniques necessary to make it an economic lifting method. It has taken over 2 years to put in place the management techniques necessary to make portable production swabbing effective. It has been a painful learning experience but one thing is true, current management is competent and innovative and forward looking. Steve-- It's my understanding that Oilex' field manager died suddenly in early 1997, and was not replaced until just recently. This led to a great number of Oilex' production problems--there was nobody running the show! Does this bespeak incompetence on the part of management, or simple indifference to the realities of oil production? Whatever, I have little confidence in our current management, and would like to see a change. Cheers! Rick