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Gold/Mining/Energy : Strictly: Oil and Gas Exploration Companies -- Ignore unavailable to you. Want to Upgrade?

To: r.edwards who wrote (196)	5/16/1999 4:35:00 PM
From: Mark	Respond to of 318

Merrill's comments on O&G - messages.yahoo.com Positive! Mark

To: r.edwards who wrote (196)	5/18/1999 9:24:00 PM
From: Robert T. Quasius	Read Replies (1) \| Respond to of 318

Insiders continue to accumulate AXAS in a big way! Here's some recent transactions (last six months), from www.partes.com. I've included open market buys, as there are many stock option related transactions as well. Note that many of the larger transactions were in the $3-4 range, well above the current price. Paul Powell, Director, 3/2/99, Bought 5,000 shares @ $1.44 Paul Powell, Director, 3/2/99, Bought 2,000 shares @ $1.46 Robert Watson, President, 3/3/99, Bought 2,060 shares @ $1.69 Lee Billingsley, Director, 3/31/99, Bought 5,000 shares @ $1.75 James Phelps, Director, Bought 30,000 shares @ $3.03 Franklin Burke, Director, Bought 75,707 shares @ $3.00 - $4.06 Paul Powell, Director, 1/8/99, Bought 1,000 shares @ $3.22 Franklin Burke, Director, Bought 98,300 shares @ $4.06 - $4.56