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Gold/Mining/Energy : American International Petroleum Corp

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To: Geneat who wrote (4113)10/26/1997 2:38:00 PM
From: Laserbones  Read Replies (1) of 11888
 
Geneat: I agree, sarcasm can be worth lots of laughs. But as bad as us scientists can be in advocating a position, lawyers...I-I can't even begin to give you my opinion of lawyers and how they tilt, rub, minimize, detour, and ignore any info/data that may point at the truth but may affect their case in an adverse way.

Lawyers? I married one thank you very much and I do not believe I've gotten the nod on a single argument since the honeymoon.

But there are many inconsistencies floating around. One that has been brought up time and time again is that the Soviets discovered oil. That there are wells leaking oil. That the Soviets have let commercial rated wells sit because the real hot property was elsewhere. I challenge anyone to direct me to any factual evidence that a profitable well was achieved by the Soviets in aipn's area.

My read on such information is this:

Oil was located at this given drill site, but conclusions that this is evidence of commercial quantities are suspect.

It is very possible that any oil in the area is unretrievable. There are many possible reasons why a given oil bearing matrix may resist attempts to give up its oil. A geological formation that is oil bearing may be completely isolated from other locations that are literally within a few mile of each other. This is why the exploratory wells are so important.

The Soviets wells may very well be a big goose egg and a major co might want to see some hard evidence (additional wells with confirmed daily flow rates) before signing any JV.

And Geneat: As a scientist, I would like you to know that if new data contradicts my position I will always carefully review my opinions and admit that I'm wrong. You attorney's, however, never admit that--just ask my wife.

Greg
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