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Josef Schachter Oilexco Inc OIL-X TOP PICK Dec 19, 2007

(A Past Top Pick Jan 23/07. Up 73.6%.) Have production on side right now with the Brenda fields at about 18,000 BOE's. Think this can go up into the mid-20,000. Thinks they can do 100,000 production in the 4th quarter of 09.

Josef Schachter

Owned

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$13.080

Stock price when the opinion was issued

oil gas

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SELL

(Market Call Minute) Better opportunities in other names.

PAST TOP PICK

(Top Pick Apr 4/08 Down 99.20%) Got into a debt problem. Company got blindsided by the storm. Management is trying to resurrect company. If Chrysler can come out of bankruptcy, then so can Oilexco.

PAST TOP PICK

(A Top Pick June 3/08. Down 99.34%.) Sold his holdings last summer/fall. Company has now been acquired.

SELL

Got into difficulty so sold their assets. Can't see any upside for this.

PAST TOP PICK

(A Top Pick July 2/08. Down 99.65%.) Sold it out at about $10. Tax loss seller.

PAST TOP PICK

(A Top Pick June 3/08. Down 99.59%. Has moved to a different investment firm.) Had a stop loss of $11 so would have been down 31%. Company is now bankrupt.

DON'T BUY

(Market Call Minute.) A lottery ticket.

PAST TOP PICK

(A Top Pick July 2/08. Down 99.89%.) Couldn't raise their needed money. When he saw the stock is breaking down, he sold.

SELL

(Market Call Minute) If you can get out, then get out.

COMMENT

Has potentially blown up in bankruptcy. If you own, take your losses and move on. You could also talk to a stockbroker to see if there is any “over-the-counter” trading. If so, Sell.

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Josef Schachter Oilexco Inc OIL-X TOP PICK Dec 19, 2007

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