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Gold/Mining/Energy : American International Petroleum Corp

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To: lmw who wrote (2110)9/17/1997 9:28:00 PM
From: NoMoney   of 11888
 
Imw,

It appears to me that there is no info on what Wooddy has been up to since June 1997. The assignment in Papua New Guinea seems to be the last thing he was into. See below. Two separate articles.

NEW YORK, Sept 15 (Reuter) - American International

Petroleum Corp Monday named Dale Wooddy, formerly of Chevron

Corp , as president of its subsidiary in Kazahkstan.

American International is exploring a 4.7 million acres

field some 80 kilometers south of the Tengiz oil field in the

former Soviet republic, a spokesman said. He said Wooddy is

taking a newly-created postion and that the company "expects to

have oil in the pipeline by in the first quarter of 1998."

Wooddy most recently worked as Chevron's general manager of

operations in Papua New Guinea but also served as Chevron's

manager of its operations at the Tengiz oil field.

International Petroleum Corp. (NASDAQ:AIPN.O), announced today that it

has named Mr. L. Dale Wooddy III, the former Chevron general manager

of operations of the Tengiz Oilfield, as president of American

International Petroleum Corp.-Kazakstan, a wholly owned subsidiary

of American International Petroleum Corp.

Wooddy's experience within the oil industry spans over 17 years

primarily with Chevron Oil Co. During his period with Chevron,

Wooddy worked on both domestic and international assignments

culminating as general manager of operations of Chevron Nuigini Pty,

Ltd. until June 1997.

"Early planning and experience in Kazakstan and the surrounding

CIS countries is critical to the successful development of our

project," said Company Chairman, Dr. George Faris. "Mr. Wooddy's

leadership and proven abilities to manage projects of this magnitude

greatly enhances the company's ability to achieve its goals in

Kazakstan."

"I look forward to the challenge of managing this incredibly

exciting project," said Mr. Wooddy, "Any one of the numerous

structures identified on our License could possibly become a

world-class oil or gas field."

In 1992, Wooddy was appointed general manager of operations for

Tengizchevroil, Chevron's 50% joint venture with the Kazakstan

government responsible for operating the Tengiz field which is

located 80 miles north west of the company's concession. Wooddy led

the team responsible for the planning and development of this 8

billion bbl field from its original production of 90,000 bpd to over

200,000 bpd as of this date. From 1993 to December 1996, Wooddy

became responsible for overall management of all field activities

including drilling, process and facilities engineering, plant and

field operations, maintenance, field finance, and office

administrative support activities. Wooddy was responsible for all

work plans, budgets, financial objectives,contracting plans, and

personnel issues for a workforce of about 2,700. From January 1996

to June 1997, Wooddy was general manager of operations for Chevron

in Papua New Guinea and led a force of 1,000 people for the

development and production of three oil and gas fields with 800

million barrels of reserves and daily production of 140,000 barrels

of oil and 180 million cubic feet of gas.

This creates Just a little doubt that he is a pointman. I think they will go after the highest bidder or should I say lowest as in the one who will ask for the least.
Either way we WIN, WIN , WIN in this situation.

Peace, NoMoney

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