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Gold/Mining/Energy : American International Petroleum Corp

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To: taxikid who wrote (4017)10/24/1997 4:41:00 PM
From: Cathi Wierzbicki  Read Replies (3) of 11888
 
Taxi: You wrote: "what do they base this potential on and also they pay next to nothing for those unkon/wns-or like they said to forrest gump when he went to buy the shrimp boat-are ye crazy or just stupid."

I am going to give you the benefit of the doubt here since after months of reading your posts I am well aware writing isn't your strong suite. I am going to assume you weren't calling me "crazy or just stupid."

As you know, according to analysts reports they base this "potential" on seismic studies and they pay approximately $.50 to $1.00 per barrel for said "potential." Huddleston analyzed some of the existing seismic work. Wavetech has recently concluded a preliminary report on some more existing seismic work.

Huddleston estimated 1.1 billion barrels of oil (after discounting 85%) for the Begash area's seismic they reviewed. We are awaiting Wavetech's findings on the part of the concession they reviewed.

Cathi
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