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Gold/Mining/Energy : American International Petroleum Corp

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To: qdog who wrote (4208)	10/27/1997 6:25:00 PM
From: Cathi Wierzbicki	Read Replies (1) of 11888

Qdog: I wonder if you would clarify a part of your post for me....I am confused as to what you are suggesting. In your second scenario you mention a tiered deal that gives AIPN 40 - 60 million up front and "then based on results additional money paid based on a formula that isn't tied to actual proven results. By that I mean the potential JV would pay .50/barrel on proven results instead of a higher rate of $4-6 after the fact. Then yes you could see the total deal approach 400 million or higher, depending on results (which in affect would help pay their share of the cost to produce). What is it that you mean? The JV pays $.50/barrel after the oil is "proven?" What "results" that "(aren't) tied to actual proven results" would the "additional money" be paid on? As you can tell, I'm totally confused. Could you explain it again, please. Thanks! Cathi

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