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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (11919)	9/9/1999 9:35:00 PM
From: $Mogul	Read Replies (1) \| Respond to of 57584

STRM- News STRM strikes a deal with Hewlett Packard!! Sep 09, 1999 (ON24 via COMTEX)--Hewlett Packard will provide hardware and software to its first Latin American parnter StarMedia. HP will offer its equipment and services under what it calls the Commerce for the Millenium project. In return, StarMedia will sell those services to start-ups in exchange for a small percentage of their revenues. marketwatch.newsalert.com New Coverage E*Offering puts out a Buy rating on STRM too. marketwatch.newsalert.com

To: Bucky Katt who wrote (11919)	9/9/1999 11:27:00 PM
From: Khai Nguyen	Respond to of 57584

William, FCSE... How reliable to play this one?. From the news, seems like it's real player. Thanks.

To: Bucky Katt who wrote (11919)	9/10/1999 10:12:00 AM
From: Buddy Smellgood	Read Replies (2) \| Respond to of 57584

Speaking of Nat gas, William have you looked at AIPN? I've been watching this for awhile. It looks pretty cheap, but they've been diddling around for so long... this looks like a real boom or bust. Any thoughts you care to share would be appreciated. Buddy American International Petroleum Initiates 1999 Drilling and Test Programs for Kazakhstan Licenses NEW YORK--(BUSINESS WIRE)--Sept. 9, 1999--American International Petroleum Corporation (NASDAQ NMS: AIPN) today announced its plans for the 1999 drilling program on its Kazakhstan licenses. Two exploration wells to test the Eocene and Cretaceous shallow gas potential in License 953 are expected to commence in late September. The wells are part of the minimum work program scheduled during the first exploration phase for the 4.7 million acre license. The Company will also complete its testing program on the Altai No. 1 well drilled last year. In addition, two Eocene shallow gas production appraisal wells will be drilled on License 1551 to gather technical data to complete a detailed reserves assessment and assist in finalizing the field development program studies now underway. All critical permitting and regulatory approvals from Kazakhstan government agencies have been received and key drilling components, including the drilling rig, are being mobilized. The Company has a 100% working interest in License 1551 and a 70% working interest in License 953. The Company recently completed a secured convertible debenture financing to expedite and facilitate its Kazakhstan projects, provide funds for its domestic operations, debt payments and augment working capital. Net proceeds, net of debt payments and expenses, were approximately $3,950,000. The Company believes this financing should be sufficient to fund these activities. Company President Joe Mike McKinney said, "We believe these funds will enable the Company to complete the 1999 appraisal and exploration phases for its Kazakhstan properties, and to stay on track for production start-up of License 1551 in 2001. The additional value of the proved reserves and the eventual cash flow from License 1551 should more than compensate for the possible dilution upon conversion of these and other Company debentures. The potential benefits to be derived from this financing far outweigh the risks." McKinney also stated, "The Company's projects in Kazakhstan, from the winning of the tenders to the first sale of production, are long-term propositions with a myriad of complicated and sensitive negotiations and obstacles. Progress continues to be made in both Kazakhstan and domestic operations. The Company is aggressively seeking to maximize the long-term benefits and value to its shareholders." American International Petroleum Corporation is a diversified petroleum company which, through various wholly owned subsidiaries, is involved in oil and gas exploration and development in Kazakhstan, and in refining, marketing and transportation of petroleum products in the United States. Statements herein may be identified as forward-looking for purposes of safe harbor provisions under Section 21E of the SEC Act of 1934. Such statements relating to the Company's future business are subject to risks and uncertainties that could cause actual results to differ materially from those statements, and other risks and factors, identified in the Company's SEC filings. CONTACT: Michael Dodge 212/688-3333 www.aipcorp.com