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Gold/Mining/Energy : American International Petroleum Corp

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To: Terry Jackson who wrote (8102)4/2/1998 11:52:00 AM
From: Laserbones  Read Replies (1) of 11888
 
Been following rntk...but if Chik is only full of gas it would make it a dud for some time. Remember, this whole story was about oil. If that story is now changing to gas...might be why the Street ignored the Chik numbers.

Those Chik numbers were awful with that "BOE" hanging on. The company released preliminary figures on a huge area that only served to make this area seem almost barren of oil.

1.5 billion potential recoverable BOE over an area of 225,000+ acres?

I think that is bad news when considering that oil would only be a fraction of that number. There is nothing in the release that would lead me to believe there is even a thousand barrels of oil @ Chikuduk. That's the big problem with the news on Chik.

Greg
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