American International Petroleum Corp Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : American International Petroleum Corp

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Michael Dappert who wrote (266)	7/14/1997 5:08:00 PM
From: qdog	of 11888

It all depends on what the cost per bbl to produce and get to market. It also depends on the quality. Altough you can find out easily on a daily basis what WTI (West Texas Intermediate) that is a high quality oil. Mexican or North Sea is a lower grade and thus a lower price per bbl. Also it's what will be produced per day. I've been involved with a couple of projects where they produce about 220,000 bbls/day. Remember that in a venture like this, the oil companies are fronting all up front exploration and drilling cost. They are also playing bank for the government for a lucrative future return. Alot of cost associated at first will be recovered by AIPN as the oil flows. So if the first well hits a good sustain rate, with a thick column of oil bearing area's, say 10,000 boe, then AIPN will be able to further raise money through bonds and stock offering. Also the Warrants are a vehicle that if the stock goes higher, these are exercised for 4 dollars each per common stock. That's a hidden financing for the company. That could be a help for the initial cost.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next