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

To: Steve who wrote (3932)	8/31/1998 11:22:00 PM
From: Steven Taylor	Read Replies (1) \| Respond to of 4276

Steve, I really don't understand your position with this company and the old management. What are you getting in return for all of this. Just what was all the debenture money used for. Sure wasn't used to drill wells or increase production. With that amount you could buy a producing field with all equipment in operating order that makes more production than Olex had with all their wells using swabbing units. Tell me I'm wrong and I will call you a liar. No Steve, I'm not an airchair oil man. Everything I do or own is I might say proudly paid for 100% by me. Therefore, every well I take interest in or prospect I drill is put under the most scrutiny because it is my own money and not anyone elses. Swabbing units have there place in low volume stripper wells. 1-3 BOPD. You can find them for sale all over Texas. Fields of them.There is just so much about the production of wells you don't understand. Another question. Why wasn't they employees properly trained to operate these swabbing units in the first place. That sounds like a management problem there. Some of the fields OLEX has would do better under swabbing. There are also some that wouldn't. If the Bigfoot wells formation pressure is close to virgin as we were first told then no, they are not candidates for swabbing. Candidates for stimulation probably yes. That is for an engineer to determine.