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Gold/Mining/Energy : American International Petroleum Corp

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To: Terry Jackson who wrote (5163)	11/20/1997 7:13:00 PM
From: Sycamore	Read Replies (1) of 11888

"<<Re the PSA coming out on Friday(?), does anyone know what effect the recent PSA announcements had on the stock of other companies?>>" ------------------------------Just a response--------------------------- Terry, Obviously, the article with the statistics below doesn't apply here, but if the awarding of PSA in KAZAKHSTAN (some numbers anybody?) comes even close to that of Russia's (7 approvals out of 230 in 3 years), with the concession's rumored enourmous potential, short term, a good PSA could only do wonders to a company the size of AIPC. IMHO. Anyway, please see attached article below extracted from DrRisk posting of last week. ----------------------------Extracted Portion Starts------------------------ BUSINESS Russia champs at the drill-bit M O S C O W The Duma has been dragging its heels on prduction-sharing legislation for three years. It has approved a mere seven agreements out of a list of 230, and it has yet to amend a dozen other laws that conflict with the principle of production-sharing. The parliament has been fortified in its obstructiveness by the chauvinists in its ranks, and by Russian firms that have wanted to keep the foreigners out while they spend what little money they have to buy domestic oil assets cheaply. THE ECONOMIST DrRisk doing his part

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