American International Petroleum Corp Message Board

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Gold/Mining/Energy : American International Petroleum Corp

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To: Teddy who wrote (831)	7/29/1997 1:18:00 AM
From: John Chapman	of 11888

Another share price estimate. 1.1 billion barrels in the first 7 structures plus 3 billion barrels in the Chikaduk structure plus unknown barrels in the remaining 5 structures @ $0.50 per barrel as per the figure used in Cohen's estimate divided by 39 million shares equals $52.50 per share. Also the 4.1 billion barrel reserves we are hearing now is approaching the 6 billion in the "massive" Tengiz field operated by Chevron, et al. It would be nice if we had some information as to per barrel value estimates from the Tengiz field. Another estimate for "our" field could be based on this. I now know I will hold for at least the $10 Cohen estimated price and take it from there.

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