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Gold/Mining/Energy : American International Petroleum Corp

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To: Timelord who wrote (5691)12/10/1997 7:22:00 AM
From: qdog   of 11888
 
OT

Just on first pass, and absolutely no research on this, I'd say Alex that they have encounter at least one zone that they didn't expect. Their "target" formation hasn't been drilled yet, according and my read on the PR release. Just goes to show you about siesmic. First well P&A, second has shows.

Note the comment about casing the well. They will log this and then case the well, coming back later, probably, to flow test it. 120 ft net pay is fairly good, and could yield a nice flow rate. Limestone is general associated with a reef play and those have been known to yield good flow rates. What that will be....well you have to wait and see.

Other than that, I can't comment any further, as I haven't done one bit of research.

When they hit that ~8000' TD and complete the logging; they'll then do flow testing. YOu probably got 30 more days of agnst to find out. Good luck.
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