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

To: CHRISTINE who wrote (3902)	8/29/1998 5:01:00 PM
From: Steve	Respond to of 4276

Christine, You should post my replies as well. I will not benefit from Oilex's purchase of swabbers and the settlement of Oilex's outstanding accounts with ORS. Only Oilex will benefit. Saul is retrofitting the wells at Big Foot because he doesn't want to settle accounts with ORS and live up to his promises to shareholders to purchase 10 swabbing units and buy out the debenture holder and fund ongoing operations. Rivilo: The JV at Rivilo was nixed by Oilex, not ORS and not because swabbing was unprofitable but because Oilex had to give up too much of a royalty interest to make it work for ORS.