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

To: Omar who wrote (4003)	9/9/1998 8:16:00 AM
From: OFW	Read Replies (1) \| Respond to of 4276

OF SPECIAL INTEREST OF OILEX SHAREHOLDERS: Be sure to catch the Wall Street Journal for last Thursday, September 3, 1998. Front page article entitled: "Capital Game: Convictions for Fraud Don't Slow A Financier For Small Business (Ron Williams Accepted Fees But Raised Little Money For Many of His Clients) Detective's Dogged Pursuit" For those of you who don't have access to the WSJ, I'll try to post the article - you'll find it very interesting reading. I promise. Offie

To: Omar who wrote (4003)	9/9/1998 9:51:00 AM
From: CHRISTINE	Read Replies (2) \| Respond to of 4276

February 6, 1997 ETC News Release ( Familiar names ) The Company announces the resignation of Kevin M. Murphy as director and extends its appreciation for his past efforts on behalf of the Company. Patrick F. Charles has consented to join the Board as a Director. Mr. Charles brings a strong background in resource based industries to the management team. He is currently President & CEO of Blue Vein Mining Company of Butte, Montana. In addition he serves on the board of several private and public U.S. companies. His experience includes being President of Rex Silver Mines, at that time one of the largest junior mining companies listed of the V.S.E. The Company believes the appointment of Patrick Charles will bring strong investor confidence in the long term viability of the Company. He also brings a significant history of corporate growth, financial capabilities and access to properties of merit. Mr. Charles holds a BCS in Marketing from Seattle University and a Masters of Business Administration from the University of Arizona. Subject to regulatory approvals, Director stock options have been granted as to 270,000 shares at $0.16 for a period of two years. The options granted cannot be exercised until the approval of the Vancouver Stock Exchange has been obtained. ON BEHALF OF THE BOARD Gary Musil, Secretary/Director THE VANCOUVER STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE

To: Omar who wrote (4003)	9/9/1998 10:01:00 AM
From: CHRISTINE	Respond to of 4276

Fron CAIFTALK AT AOL Subj: BURDITT OF CAYC Speaks WITH BURDITT OF OLEX-No one else knows Date: 98-09-09 03:29:17 EDT From: CALIFTAL In related news on February 25, 1998, CAYC announced it entered into an agreement with publicly held Oilex, Inc. (OTC Bulletin Board: OLEX - news) for the issuance of a $2 million convertible debenture, convertible into OLEX shares at $2 per share. OLEX has already received $250,000 of the funding with the balance being provided as OLEX's cash flow needs are presented to CAYC. CAYC already owns a minority interest in OLEX and announced that it is accumulating additional shares in the open market place. The Boards of CAYC and OLEX are discussing further opportunities that should benefit both companies and their shareholders in the immediate future. CAYC is in the business of acquiring energy companies and assets, both domestic and international, and developing them to full potential. This news release includes forward-looking statements that involve risks and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the company's ability to produce and market products and/or services and other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission. Wednesday February 25, 3:24 pm Eastern Time Company Press Release SOURCE: Oilex, Inc. Oilex Receives Unsolicited $2.2 Million Offer For Australian Overrides HOUSTON, Feb. 25 /PRNewswire/ -- Oilex, Inc.(OTC Bulletin Board: OLEX - news) announced today that it has received an unsolicited offer of $2.2 million ($U.S. Funds) for the potential sale of its giant approximately 35 million acre producing over riding royalty interest in Australia as well as the sale of its 1/2 of 1% non-producing override OLEX owns in Titan Energy Corp.'s (OTC Bulletin Board: TANC - news) Ft. Worth, Texas, approximately 12.9 million acres ATP-615 concession. This offer was sent via certified mail to OLEX's investment banker Baron-Marney Capital, Ltd. and is being seriously evaluated by management. In related news, Baron-Marney on behalf of its clients Caye Chapel, Inc. (OTC Bulletin Board: CAYC - news) Las Vegas, Nevada and OLEX have negotiated a $2 million convertible debenture from CAYC to OLEX, which is convertible into OLEX shares at $2 per share. OLEX has received $250,000 of the funding in the past five days. The balance will be provided as OLEX cash flow needs are presented to CAYC. CAYC already owns a minority interest in OLEX and has advised the board of OLEX that it intends to attempt to acquire up to an additional 5% of its common stock for investment purposes over the next 90 days out of the open market. CAYC has also informed the OLEX board it may elect to acquire an additional 10% of the issued and outstanding common shares and/or seek representation on the OLEX board. Oilex, Inc. -- New (OTC Bulletin Board: OLEX - news) now trades under the new symbol of OLEX. OLEX is a developmental stage company engaged in the acquisition and development of oil and gas properties and has assets domestically and internationally. This news release includes forward-looking statements that involve risks and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the company's ability to produce and market products and/or services and other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission. SOURCE: Oilex, Inc. Joe PTG&LI !!! Caye Chapel Inc. (OTC: CAYC)Date: Sep 08Last Trade 0.045Change + 0.005 (+12.50%)Bid 0.038Ask 0.045Volume 02,0000Prev.Close 0.040Open 0.045Day Range 0.045 - 0.045Last Tick 00Avg.Volume 086,3000 52-wee

To: Omar who wrote (4003)	9/9/1998 12:05:00 PM
From: Richard L. Williams	Read Replies (1) \| Respond to of 4276

I know that you are reasonable enough to understand our point of view. IF you feel betrayed then I can empathize with you but we did not betray any of you. We did the best we could to make Oilex profitable. Omar-- You continue to astound me with your gall. Listen: It was you, boyo, that nearly anybody who called Oilex in the year prior to 6/98 talked to on the phone. It was you that told me, promised me, that production would be 800 to 1,200 bpd by February of this year. It was you that told me that the last debenture was done in March of this year and then would be a good time to buy. It was you that deflected all discussion about the very expensive Jefferson County leases, leases you knew had already reverted to Phoenix Resources, aka, Allen Burditt. It was Burditt that chose spend money on luxuries (a '98 Mercedes? I'm driving an 11-year old Ford, Burditt, and it runs fine) rather than grow Oilex. And it was you, Omar Ahmed, that provided the cover for Burditt while he looted the company. And yes, I was betrayed by you, Omar. You used my trust to steal from me, and that is almost as low as you can get. So, take a hike. I don't welcome your face here any more, Ahmed. Sincerely, Rick Williams