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Re: xZx post# 1350

Sunday, 05/28/2006 12:07:50 AM

Sunday, May 28, 2006 12:07:50 AM

Post# of 28061
Brikk--appreciate your posts. I'm holding a sizeable chunk of EDEX here and it sure is looking good.

OT, I just talked to a friend of mine who got back from Midland. He said the oil business is booming big time and the place is swimming in money. The economy there is humming. A repeat of sorts from the Texas boom days of the early 80s. When I got out of college years ago (San Angelo was my old stomping ground) I remember folks who knew nothing about the oil business getting into it in a large way. Some got rich in a hurry. Others lost everything when the bust hit in the mid-to-late 80s. The recession was quite painful--in west and south Texas in particular...but by that time I had left for the Great Northwest. Nevertheless, there is still a lot of oil in Texas and a lot of it is now well worth getting it out of the ground with the high prices. This time the situation with our economy and world geopolitics is different and higher prices may be here to stay.

Anyway, I'm thinking of visiting Texas this summer (I have a brother in Austin and sister in Bastrop). It would be nice to drop by and pay a visit to some of the oil sites, but Texas is a big state and many of the sites are hard to get to. We'll see.

Meanwhile, it looks like it's going to be an exciting summer for EDEX. Good luck to all of us longs!



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