American International Petroleum Corp Message Board

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Gold/Mining/Energy : American International Petroleum Corp

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To: Michael Dappert who wrote (416)	7/16/1997 11:08:00 PM
From: Daniel P. Dwyer	of 11888

Dear Michael While the stock dove in the last hour of trading, it did bounce off the late low of the day. I also agree that the 70% purchase was a good deal. The mere fact that they are in this game is very positive. Recent downward pressure may only be a natural market reaction. We will just have to wait for that partner, because there is no way AIPN can drill without some serious financial backing. What will AIPN give up this time? Shares or a piece of the action? If its shares, I still don't think we have to worry about dilution. If its a piece of the oil revenues, hell AIPN doesn't have to make much to really fly. If at the end of the day they walk out with $.50 per barrell on 300 million barrels, we all be doing just fine. That's $150 million spread over 25 million shares. That's $6.00 per share of income. I am sure a lot of you out there have been doing some arithmetic of your own. Don't get me wrong, I am not counting any chickens just yet. Hope a credible partner arrives very soon. Dan Dwyer

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