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Gold/Mining/Energy : American International Petroleum Corp
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To: qdog who wrote (452)7/18/1997 1:21:00 AM
From: Taylor Mill   of 11888
 
Qdog.......>>Taylor have you ever heard once the field is commericial, that an oil company still has more than 50% and the government has none in foriegn ventures? So really AIPN 70% interest will probably reduce to 35% with cost recovery of E&P expense once that field comes in, maybe.<<

I certainly expect that Govt share will reduce AIPN share in any commercial production by an assumed 50% thus agree with you. Surely an exact GOVT share is stated somewhere but I don't remember reading it. In my "math" examples in prior post I actually assumed partners would cause Gross WI to be reduced to 15% and govt share to be 50% of that or NRI of 7.5%. Maybe this is a worst case" scenario after all, but still a realistic and reasonable set of assumptions.

As for meeting on 28th?????? I was only following up on comment from Faris B to that effect ----- otherwise have no other reason to know of such plans.
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