SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : American International Petroleum Corp
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: taxikid who wrote (5560)12/2/1997 8:08:00 PM
From: Juan Dominguez  Read Replies (1) of 11888
 
Taxi, here is the post on the Refinery visit that Terry was referring to. No, it was not written by qdog, but is was written by a very astute investor that does lots of due diligence before investing. His background is in the asphalt business so he knows what he is talking about. It was posted on the AOL board October 7th. Here it is:

Subj: Refinery.....
Date: 97-10-07 23:50:25 EDT
From: DCBTexas

I am posting this via old laptop from hotel room outside of New Orleans. Drove from Houston to New Orleans area and stopped along the way in Lake Charles to see the AIPN refinery. I have been in many carbon related plants and I expected to see a grimey, black, nasty asphalt plant. I was surprised to see a small but clean plant. A roadway was being readied for paving to a brand new truck weight station (out-going TL of asphalt by weight), the refining towers were shiney and apparently re-worked to meet the new Federal standards. There were about 20 tank storage units for receipt of the soon-to-be Venezuelean (sp) heavy crude to arrive at their riverside dock which
links to the inter-coastal canal (barge). There were an additional six new oil storage tanks (maybe for finished product) that I could see as well. There was a good sized administration building and a building that appeared to be undergoing remodeling in the processing/production area. Overall, my impression is favorable. My understanding is that Gold Line (the group who leased the operation from AIPN two years ago) ran the plant into the ground with little maintainance, etc. All outward signs show AIPN has their act together at this location and I predict plant start-up will take place in a matter of a few days or weeks.

Regards
Juan
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News