Subject: Re: Chat with Gary Date: Fri, Dec 12, 1997 13:21 EST
From: LMPITTS
Message-id: <19971212182201.NAA16799@ladder01.news.aol.com>
MHGI WSA : i never lie
MHGI WSA : i try to walk with in my boundries
MHGI WSA : and keep everybody happy at all times
MHGI WSA : gf is waiting for my phone call on any questions i
cannot answer
MHGI WSA : first question
UNC 1984 : Faris
Eddie10648 : ????
Bouhafa : Good morning Gary
MHGI WSA : Good afternoon
Bouhafa : Keith Bossey stated that AIPC is in negs with several brokerage firms
Bouhafa : re: conversion of warrants
Bouhafa : and that a decision concerning investment banker should be made by end of year
Bouhafa : Has that decision been made? What is status of talks?
MHGI WSA : Keith Bossey is a smart man
MHGI WSA : I cannot coment to his conversations
MHGI WSA : but i can say
MHGI WSA : aipn is very far along with a potential
MHGI WSA : investment banker
MHGI WSA : who that banker is im not at liberty to say now
MHGI WSA : i will say if they act in any way with aipn it will ve a news worthy event
MHGI WSA : ga
UNC 1984 : Faris...another question or follow up?
Bouhafa : Is Bossey correct in his assumption that company intends to call in warrants?
MHGI WSA : ga
UNC 1984 : Faris...another question or follow up?
Bouhafa : Is Bossey correct in his assumption that company intends to call in warrants?
MHGI WSA : george has extended the warrents more times then I can remember
MHGI WSA : he already states to me that warrent conversion should be in the companies future
MHGI WSA : for him imo not to extend them again would both be suprising and folish
MHGI WSA : go
UNC 1984 : Faris..
Bouhafa : Then why hire an investment banker now if conversion date may be extended as iit has in the
Bouhafa : past?
MHGI WSA : investment bankers have many duties as you know
MHGI WSA : warrents, consulting, and capital are just a few
MHGI WSA : i feel who ever the banker would be would forfill most of these duties
MHGI WSA : go
Bouhafa : That leads to my second question
MHGI WSA : go
Bouhafa : Mr. Chew's former employer Neste Trifinery is rumored to be an attractive acquisition target
Eddie10648 : ?
Bouhafa : What are the status of those talks?
MHGI WSA : i cannot comment on rumors
MHGI WSA : or potential negotiations
MHGI WSA : those are the rules
MHGI WSA : its not fair and its illegal
Bouhafa : Well then let me re-phrase question
MHGI WSA : unless the company issues a letter of intent or a press release
MHGI WSA : go
Bouhafa : Well then let me re-phrase question
MHGI WSA : unless the company issues a letter of intent or a press release
MHGI WSA : go
Bouhafa : Can you tell us whether George's vision for the refinery division includes acquisitions?
MHGI WSA : George is very acquisition driven ie kaz
MHGI WSA : gf is always looking for potential profit centers
MHGI WSA : to enhanse shareholder value
MHGI WSA : he is the largest share holder. lol
MHGI WSA : go
UNC 1984 : Faris...Your next question
Bouhafa : The AIPC story is currently a story of potential
Bouhafa : What would have to change in this story for the roadshow to attract serious attention from W
Bouhafa : all Street?
MHGI WSA : the aipn story has always been a story of great potential
MHGI WSA : i believe that is what brought us all here today
MHGI WSA : every time you see a news release the potential becomes more probable
MHGI WSA : it is my job with gf and aipn to do everything in our powers to make your stock have
MHGI WSA : real worth
MHGI WSA : not that i'm saying it has no worth now but i mean REAL WORTH
MHGI WSA : go
UNC 1984 : Faris...a follow up?
LMPITTS : i need to interupt
MHGI WSA : go
Eddie10648 : k
UNC 1984 : Yes LM
LMPITTS : i am posting on the board so please no duplicates
Bouhafa : So, a roadshow would only make sense once company has "REAL WORTH", correct?
MHGI WSA : faris don't read into my statements and come to your own conclusions
MHGI WSA : i say what i can when i can
MHGI WSA : road show will be another building block in the aipn story
Bouhafa : Just asking for your opinion, Gary
MHGI WSA : and when we go on the road you can bet your ass we have something important to say
MHGI WSA : go
UNC 1984 : Faris...next question
Bouhafa : Last question, for the moment
MHGI WSA : go
Bouhafa : Gene Chew was top lobbyist for refinery industry in DC for 9 years
Bouhafa : He was just appointed Chairman of the prestigious Asphalt Institute
Bouhafa : Now he heads our little company's refinery division
Bouhafa : Is this a story that we can expect to read about in the press?
MHGI WSA : we think the appointing of gene chew is a major step for aipn to be a major player in
MHGI WSA : this field
MHGI WSA : this adds creditability to aipns management and team
MRSOT77 : Seismic testing only confirms the existence of hydrocarbons, drilling confirms accessibility
MRSOT77 : please comment
UNC 1984 : Please refrain from comment MRSO..Protocol is in effect
MHGI WSA : we believe mr. chew will be proactive and we also believe we should se some press in the
MHGI WSA : near term
MHGI WSA : go
UNC 1984 : Any more questions Faris?
Bouhafa : Thank you
MHGI WSA : thank you
MHGI WSA : go
UNC 1984 : I will open it up to questions now
Cathi48 : ?
MHGI WSA : Cathi go
Pruthfield : /?
WCoogs : answer mrso?
Cathi48 : Gary, will road show proceed in Jan. EVEN WITHOUT additional news?
MHGI WSA : i have stated many times the company has many great things to speak about
WCoogs : is wavetech still the one behind evaluation of new data being done?
MHGI WSA : i must wait until all parties involved give the green light to talk about it
MHGI WSA : i'm still answering cathi
MHGI WSA : i always believe their can be great news releases on the near future
MHGI WSA : unfortunatly it is not my decision
MHGI WSA : i have more frustration knowing and being unable to speak
MHGI WSA : then you have not knowing at all
MHGI WSA : go
UNC 1984 : Eddie...You have next question
Eddie10648 : k
Eddie10648 : how big is the chickaduke
Eddie10648 : structure?
Eddie10648 : Guess
Eddie10648 : thanks unc
MHGI WSA : it is 60 kilometers long
MHGI WSA : and geotech will be dropping its first line
MHGI WSA : to see how wide
UNC 1984 : Eddie...You have next question
Eddie10648 : k
Eddie10648 : how big is the chickaduke
Eddie10648 : structure?
Eddie10648 : Guess
Eddie10648 : thanks unc
MHGI WSA : it is 60 kilometers long
MHGI WSA : and geotech will be dropping its first line
MHGI WSA : to see how wide
MHGI WSA : after the first line they will do up to as many as 25 perpendicular
MHGI WSA : because we expect the structure to be a regular in shape
MHGI WSA : for example chick is like an under ground stream of reserves
MHGI WSA : geotech will determine in its 2d testing
MHGI WSA : on the structure
Hbs5 : ?
MHGI WSA : and will be reporting its findings
MHGI WSA : to geotech and wavetech at the same time
MHGI WSA : as we get results we will inform the public
MHGI WSA : go
UNC 1984 : Gary...to follow up..I've heard fromsources the Kazak's think it'll rival Tengiz..Comments
MHGI WSA : i speak with hugh pope at the wall street journal
MHGI WSA : he stated to me that in kaz the big talk is chik
MHGI WSA : it has been compared with tengiz im told
MHGI WSA : i guess geotech and wavetechs opinion is what really counts
MHGI WSA : go
UNC 1984 : Thank You..MRSO..you have next question
DOOPER50 : good morning/afternoon, all...yawn..
MRSOT77 : if the data from seismic testing is favorable,
MRSOT77 : what then are the potential extraction obstacles, both economic and geophysical?
MHGI WSA : good question
MHGI WSA : aipn feels very comfortable with the government and the people of kaz
MHGI WSA : these tests will tell us how deep these potential reserves are as well as how much rock
MHGI WSA : and earth they must penetrate to get the crude
MHGI WSA : the geophysical work is a non issue due to the tremendous worldly regard for the team
MHGI WSA : aipn has assembled
MHGI WSA : go
MRSOT77 : kaz govt failed in prior drilling of chik structure, correct?
MHGI WSA : yes
MHGI WSA : go
UNC 1984 : Pruth...you have next question
Pruthfield : It appears that the greatest "concern" evinced on this and on
Pruthfield : other boards and rooms is the concern about the timeline for
Pruthfield : when to expect certain things to happen,
Pruthfield : Can you give us your best guesstimate as to when the important items we are all
Pruthfield : looking for will be released.
Pruthfield : Suggest that you could use outside times.
MHGI WSA : i feel the time lines that are not met are time lines of share holders and investors
MHGI WSA : as far as the companies time lines
MHGI WSA : they have met them all , and are very happy with the swiftnes the team is moving at now
MHGI WSA : and as far as when do i feel important items will occur
MHGI WSA : i feel important things occur everyday and im very pleased at the performance that aipn
DCBTexas : ?
MHGI WSA : has already over come in this newly obtained liscense area
MHGI WSA : go dan
MHGI WSA : go dan
DCBTexas : Would you comment on the kind of reserve barrels we are talking about
MHGI WSA : gf aipn and top ranking aipn management
MHGI WSA : has already gone on record
MHGI WSA : saying that chikuduk is believed to be larger then the other 15 structures combined
MHGI WSA : when you come out with that kind of statement you better be darn sure your right
WCoogs : ?
MHGI WSA : wavetech,geotech, mmg
MHGI WSA : go bill
WCoogs : wavetech is still involved in new data .....gathering or just reading or both?
MHGI WSA : wavetech will be reviewing the new data as well as geotech
MHGI WSA : go
Kkalan : ?
LMPITTS : ? from the secretary <G>
UNC 1984 : HB..you have next question
Hbs5 : Is there Soviet Data on Chikuduk or is Geotech doing their seismic testing from scatch?
MHGI WSA : there is existing soviet data
MHGI WSA : geotech is doing 2d tests from scratch but
MHGI WSA : the lines have already been drawn for geotech from wavetech
MHGI WSA : go
UNC 1984 : Kkalan...you're up
Hbs5 : Will these new "onsite" crews be able to put a number on the reserves better than "potential
Kkalan : Gary...care to comment on stock action over the past few days. We are down
Kkalan : to 4 1/16 today
MHGI WSA : potential is potential until oil is extraxted from structure
MHGI WSA : now kk
Kkalan : Gary...care to comment on stock action over the past few days. We are down
Kkalan : to 4 1/16 today
MHGI WSA : i do not care about day to day trading activity
Scottyp235 : ?
MHGI WSA : i am not unaware how it feels to be down in a stock
MHGI WSA : i do not trade the stock nor does gf or any member of aipn
MHGI WSA : i do not have the imaginery crystal ball
MHGI WSA : i feel this stock will have great value in time imho
MHGI WSA : go
UNC 1984 : LM...you're turn...
LMPITTS : In terms of expansion, could we look forward to AIPN acquiring new sites in Kazakhstan, or Indonesia,
MHGI WSA : good question leslie
LMPITTS : or the US as was recently mentioned in a comp related release
LMPITTS : done
MHGI WSA : for those of us who have been involved in this company before kaz
MHGI WSA : you will know gf is always looking for expansion
MHGI WSA : in what region of the world is next
MHGI WSA : we'll know in time
MHGI WSA : go
LMPITTS : thanks
UNC 1984 : LM...follow up?
CHARMS4EVA : ?
LMPITTS : no
UNC 1984 : If not...Scott its your turn
MHGI WSA : 15 more minutes for me
MHGI WSA : ok
Scottyp235 : Any comments on possible venture partners...Are there any offers, and is there any serious
Scottyp235 : at this time?
MHGI WSA : ok
Scottyp235 : Any comments on possible venture partners...Are there any offers, and is there any serious
Scottyp235 : at this time?
Scottyp235 : Serious consideration...
MHGI WSA : what i will say is that offers have been made
MHGI WSA : with who i will not say
MHGI WSA : aipn is currently in negs with many companies
MHGI WSA : both big and small
MRSOT77 : ?
MHGI WSA : if gf turned down a deal it was in everybodies best interest
MHGI WSA : up to now gf has handled this like a true champion
MHGI WSA : go
Hbs5 : ?
BERWAY : ?
UNC 1984 : Gary...Charms was next...
MHGI WSA : unc ?
UNC 1984 : Charms...ask your question again
CHARMS4EVA : Heading into 1998, where do you see the stock compared to 1997?
MHGI WSA : i do not give stock projections i am not a broker or analyst
MHGI WSA : go
UNC 1984 : MRso..you are next
MRSOT77 : yes
DCBTexas : ?
MRSOT77 : will potential jv
MRSOT77 : finance drilling if aipn
MRSOT77 : attempt failed
MRSOT77 : ?
UNC 1984 : Gary had told me in advance that he would have to leave by 1:15
MHGI WSA : i don't understand the question mrso
UNC 1984 : I promised we'd honor this time
MHGI WSA : last question
MHGI WSA : thanks unc
MHGI WSA : go
MRSOT77 : must aipn
MRSOT77 : succesfully strike
MRSOT77 : oil in order
MRSOT77 : to get joint venture
MHGI WSA : absolutely not
MRSOT77 : thank you
MHGI WSA : i just want to say it was a pleasure
Rasbo128
Note: Hopefully, that was all of it! Enjoy your reading. sycamore |
