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

To: CHRISTINE who wrote (4069)	9/13/1998 10:13:00 PM
From: CHRISTINE	Respond to of 4276

Subject: ORS and PWRX Date: Fri, Sep 11, 1998 21:53 EDT From: CALIFTALK Message-id: <1998091201535900.VAA09952@ladder03.news.aol.com> Thank you Mr Mark Zouvas for your concise report. Please excuse my further concerns on a few points. What services or agencies on behalf of PWRX entitled Allen Burditt to receive 1,200,000 shares of PWRX stock that has an approx value of $1,200,000? When the ORS certificate was given to Oilex dated April 9,1997 as evidence of its 20% ownership (certificate # 31187 for 1,205,420 shares) were you dealing with Phoenix Reserves or Allen Burditt or Oilex. How did Phoenix Reserves get into the negotiation and then resell to Oilex at a inflated price? And why did no one in your company object to the news release describing this transaction or series of transactions that were misleading? What attorney was engaged to unwind this complicated transaction on your behalf? If Warren Soloski was the attorney, (who had full knowledge of the situation) then how did he fail to get approval of the Oilex Board of Directors and also recover and unwind the portion that included Phoenix Reserves? Now you can see why I am concerned and want to understand the transaction to protect the shareholders of Oilex, just as you want to protect the shareholders of PWRX. And for the record, I hold a postion in PWRX and believe that the management of PWRX is capable, honest and honorable. That the management of PWRX will build a profitable company and I want to participate and share in that success. That after the Chapter 11 reorganization is complete and Oilex is on the path to recovery, I would like to negotiate a merger between our two companies. Oilex can bring to the table valuable royalty interests in Australia, and two good producing oil fields, Bigfoot and Rivilo., and a large shareholder base, and a large tax loss carryover. PWRX has capable oil industry management that will create a good team to build benefits for the shareholders of both companies.

To: CHRISTINE who wrote (4069)	9/13/1998 10:18:00 PM
From: CHRISTINE	Respond to of 4276

Subject: Re: Burditt's deal with PWRX Date: Sun, Sep 13, 1998 00:46 EDT From: CALIFTALK Message-id: <1998091304462800.AAA21221@ladder03.news.aol.com> Exactly the point. Where are the 500,000 free trading shares of TANC (now PWRX) that should be the 20% share? The company that builds swabbers just does not pick up and go from one ORS to another ORS, without shareholder approval. And remember Burditt can not speak for Oilex without the approval of the Oilex Board of Directors, and they did not approve of the switch of swabber building assets from one shell to another shell. BUT now we are getting a little light on why and how Burditt received 800,000 shares (without paying cash) in Titan (now called PWRX). He in effect might of received the 500,000 shares which was the 20% share due to the shareholders of Oilex. We are getting closer to the truth. For what service could Burditt have supplied Titan that was worth $800,000 (if you value the stock at only $1 per share) The shareholders of Oilex and PWRX have the right to know. We must have the detailed answer. In addition when the deal was unwound, the 1 million shares of Oilex shares was in the possession of an officer of PWRX as late as July 1998 and he demanded the 1,205,420 shares of ORS stock be returned to him. This appears to confirm some connection and vital interest. In addition PWRX paid 400,000 shares of stock to acquire the Australian royalty interests and paid said 400,000 shares of PWRX stock to Burditt, BUT that asset was acquired with $125,000 cash that passed from Oilex's bank account, to the account of Phoenix Reserves, to the seller of the Australian royalty interests. Oilex shareholders want to understand more about this transaction. Burditt in effect was using Oilex cash to do his deals and thus the assets acquired, 1,200,000 shares of PWRX, might rightfully belong to the shareholders of Oilex. AND we will place our claim for said asset. It will be interesting to see if PWRX supports the position of Burditt or remains independent. It will be interesting to see if PWRX permits their sales agent Steve Hales to continue defending Burditt's transaction with PWRX. The comments of all wise, all knowing, all positive Hales is again a man who speaks without knowing all the facts or a man that twists the facts and is being instructed to convince others to go on the wrong path and confuse the issue. Then when he has no other choice he tries to insult and scream the loudest. My correct name is Saul Yarmak.