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Gold/Mining/Energy : American International Petroleum Corp

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To: qdog who wrote (3239)10/7/1997 10:40:00 PM
From: David Maginnis   of 11888
 
Someone awhile back was requesting where AIPNs license is?
It is located between the Caspian Sea and Aral Sea. The 4.7 millon acres borders on top of and to the left of the northwest corner of
Uzbekistan. It is in the middle of North Ustyurt Basin. On the north
border of the licensed area is the Amocco license, to the northwest
is the Chevron Tengez field, on the west border is the Exxon license,
on the southeast border is the ELF (a large French Oil Company) license, and on the east border is JNOC (which I don't know who that is).

Now, I am not an oil expert so I depend on other's research. The following is an old posting I made a while back that maybe of some
interest.

To: qdog (1691 )
From: David Maginnis
Aug 19 1997 10:14PM EST
Reply #1712 of 3240

Speaking of oil in the area, I have been reading a book
called "Petroleum Exploration Opportunities In The Former
Soviet Union" by Josepn P. Riva, JR., copyright 1994 by
PennWell Publishing Company. The following quote is from
a paragraph on pages 101 & 102:

North Ustyurt, South Turgay, and Chu-Sarysu Basins
The North Ustyurt basin is located to the south of the
North Caspian basin, mostly in Kazakhstan, with its eastern
part in Uzbekistan (see Figure 8-1). The basin contains
Jurassic through Tertiary Age clastic fill that overlies a
carbonate platform. Most of the hydrocarbon reserves are
heavy oils in Jurassic to Eary Cretaceous reservoirs at
shallow depths on the Buzachi Peninsula in the far western
part of the basin. There are several other small oilfields
in Eocene reservoirs. The deep Paleozoic carbonates have
not been extensively explored, but the presence of reefs
and possible source rocks has been interpreted from seismic
data. North Ustyurt cumulative oil production is 400
million bbl. Total oil reserves have been estimated at 2.2
billion bbl, while undiscovered resources are around 1.5
billion bbl within a range of 1 to 3 billion bbl. About 800
Bcf of natural gas has been produced from the basin. Gas
reserves are estimated at 500 Bcf, with undiscovered gas
resources projected to range from 500 Bcf to 2 Tcf."

Riva then list the source of his information on page 122
as "Ulmishek, Gregory F. and Charles D. Masters.
"Petroleum Resources in the Former Soviet Union." U.S.
Department of the Interior, Geological Survey Open-File
Report 93-316, 1993, 19 p."

Riva is the author of the Fossil Fuels section of the
Encyclopaedia Britannica along with many other publications
and has testified before the U.S. Congress on energy
issues.

Now, I have talked to many oil men in the Oklahoma and
Texas area. And they have given many testimonials about
dry holes in these states, but not one of them would
dispute the fact that there has been a substantial amount
of oil found 4.7 million continuous acres in the Oklahoma
Texas area.
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