American International Petroleum Corp Message Board

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Gold/Mining/Energy : American International Petroleum Corp

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To: faris bouhafa who wrote (500)	7/21/1997 1:51:00 PM
From: Ditchdigger	of 11888

Faris: Your calculations are incorrect <<<100 million barrels multiplied by $17 is $17 billion. The Kazakstan government takes 20% or $3.4 billion off the top leaving $13.6 billion. For the first 60 million barrels MED Shipping would receive 50% of $8.1 billion (60% of $13.6 billion) or $4.08 billion of which AIPN/Exxon's (for example) share would be 70% or $2.85 billion. AIPN would then be entitled to 10% or $285 million.>>> TO CORRECT THE FIRST LINE OF YOUR EQUATION YOU MOVE THE DECIMAL POINT TO THE CORRECT PLACE IE. 100 million barrels multiplied by $17 IS NOT $17 billion IT IS 1.7 billion- This brings your number to $28.5 million. For what it's worth(doesn't seem to matter today!) Kenny

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