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Gold/Mining/Energy : American International Petroleum Corp

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To: JF2155 who wrote (166)	7/13/1997 10:46:00 PM
From: qdog	of 11888

Go to the SEC filing, it tells the story. They will have to get a partner or two. Even if this is a rosy scenario, don't be surprised to see them left with 10%, IF ALL GOES WELL. That is still a nice stake for a company like this, BUT they have NOT drilled a well. IT's geologist reading squiggly lines and throwing darts at a crayola drawing. Petroleum engineers will put a drilling program together, based on what the geologist think is going on. Note it is THINK, but they don't know for sure. This is an estimate, based on siesmic. I've been on projects where they find oil when they were drilling a water injection well. Triton found oil, but were drilling for natural gas. There is NO guarantee about this. I've work in the patch as a communications specialist, but know the process that these ops go thru. I've spent plenty of time over the years asking alot of questions and seeing the amounts of data they acquire. All of this means nothing, until they "punch the hole". Plenty of money has been spent over the history of the patch to find NOTHING!! Look how much money is being invested in Tengiz by Chevron and others. It's expensive.

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