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

To: Steven Taylor who wrote (3891)	8/28/1998 3:51:00 PM
From: Steve	Respond to of 4276

Taylor, Go away and hide. HCM is interested in swabbing as a solution for some of their wells. The newer wells drilled by HCM are good producers over 20 barrels a day and not a good swabbing candidate. Saul is an idiot for putting wells back on pump jacks that produce under 20 barrels a day. Swabbing is not profitable if you don't pull at least one barrel of oil (net of all fluids) for every thousand feet of well depth. Saul is putting the one remaining swabber to work on wells that are the least appropriate for swabbing. BTW swabbing as a production method was illegal in Texas until 1993.