American International Petroleum Corp Message Board

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Gold/Mining/Energy : American International Petroleum Corp

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To: pz who wrote (2119)	9/18/1997 2:26:00 AM
From: faris bouhafa	of 11888

Paul, I think you are wrong. The plan is to start drilling next quarter at the well in the Bengash field that is currently leaking oil on the surface despite having been plugged with concrete after a blow-out several years ago. This well happens to be less than 20 miles from an existing pipeline that is currently only being used at 30% capacity. You say that "they have no idea whether there is even oil on their lease". Wrong again. There is an awful lot of existing data to strongly suggest that there is much more than the 1.1 billion potential barrels that Huddleston estimated after discounting his projections by 85%. Huddleston routinely discounts his estimates by 85% precisely because he does not want to be viewed as a promotor....very conservative surveyors, from what I am told. This project is not about "hype", Paul. Its about a lot of oil and some pretty interesting politics. Whoever was buying all that stock yesterday (and it could not possibly be attributed to individual investors) knows that this story is for real. About $3 million was invested in AIPN yesterday and the buying had an institutional feel to it. Clearly, somebody believes that AIPN is a bargain at $3+/share!!! Cheers...Faris

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