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Gold/Mining/Energy : American International Petroleum Corp

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To: BamaReb who wrote (7473)	2/20/1998 7:34:00 AM
From: qdog	of 11888

OK, this is just based on this PR release. What a horrible release in the way things are stated. Out of the clear blue, a well is evaluated by a resivior engineer firm. Who drilled it? When was it drilled? You think that AIPN and Mill. would take the time and about two or three prargragh's to explain this?? I suppose, this is one of the wells the Russia's had drilled. 147 ft at around 9000'; that sounds about right for this region. Porosity figures OK, but if you went this far with a well, why not open hole flow test it. Was that done? Hmmm 52% water?? Seismic has just done 32 KM line? They must of had some difficulties mobilizing and logistical problems. Would have thought they would have had at least two or three lines shot by now; oh well, that's the patch. In summary, details are really lacking and some what confusing. It's taking time (which I was called names for) and probably means that a first well wouldn't be drilled until deep into the 2nd Q. More of this kind of news will be forthcoming I reckon in the weeks ahead. Sorry this is a bit short but I got to hit the road. If any call Mill or AIPN, ask some of the question above.... mas tardes...

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