American International Petroleum Corp Message Board

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Gold/Mining/Energy : American International Petroleum Corp

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To: richard hawkins who wrote (92)	6/23/1997 8:50:00 PM
From: Razorbak	of 11888

richard: <<I don't think you've taken into consideration the 16,500 barrel per day VDU unit and ,if not, what would this add to the market value?>> Oops! You may be right... must've skimmed right by that one. <g> Assuming that the VDU capacity is additive to the crude unit capacity yielding a total throughput capacity of 46,500 bbl/day, this would raise the economic value of a medium-complexity refinery to about $46.5 MM (+/-). Can you please verify the total throughput capacity in the annual report? It's usually listed in the operating statistics in the very back. <<surely we have an entity that is worth north of $1/share and maybe even closer to $2/share. What say you?>> You make a persuasive argument, but this whole shady issue over the price paid (cash and equity) for the Kazakhstan concession makes it kind of a moot point until you can nail down management on what actually happened. IMO, that May 12th press release announcing the Kazakhstan deal sounded really fishy. Wasn't there anything in the annual report about the actual price paid? On another note, did you find out anything more about the inventories? How much are they currently valued at on the books? Razor

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