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Gold/Mining/Energy : American International Petroleum Corp
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To: JT who wrote (7230)2/5/1998 4:33:00 PM
From: cite  Read Replies (1) of 11888
 
Here's the press release. Sorry for the poor copy quality. And I am both sorry and concerned that the release is poorly written and slopily put togethor. But that's not my fault, just my (our) problem.

American International Petroleum
Corporation Updates Progress On
Kazakstan Seismic Program

Business Wire - February 05, 1998 16:25

%AMERICAN-INTL-PETROLEUM AIPN %NEW-YORK %OIL
%GAS %MINING %METALS V%BW P%BW

The company's initial estimate as to the completion date of
seismic acquisition was based on the contractor's
representation of when they can start and the time it takes to
finish the work. The company now anticipates, barring
additional delays by Geotex, that the data acquisition on the
Chikuduk structure, should be completed in the near term.
The company has previously stated that the Chikuduk
structure, measuring over 60 km in length, represents the
largest potential hydrocarbon deposit on the entire block.

The above statements are forward-looking, and are based on
estimates and current expectations. They involve certain risks
and uncertainties detailed from time to time in the company's
SEC reports. Actual results may differ materially.

American International Petroleum, Corporation is engaged in
oil and natural gas exploration in Kazakstan and refining in
Louisiana.

CONTACT: Millennium Holdings Group, Inc./
Wall Street Associates
561/988-2334
www.millenniumholdings.com
E-Mail: mhgi@bellsouth.net
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