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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: ChrisJP who wrote (8306)	12/15/1999 11:29:00 AM
From: Ga Bard	Respond to of 9440

CBQI just jumped on 3000 shares ... got ot love it.... LGOV is mostly hype and cheerleading which makes for a great trading stock. Just do not want to hung in it myself. But I agree come January 2 things will be heating up big time and that is why I am in CBQI, PNEC, AVBC and CNHH. :-) Gary DId

To: ChrisJP who wrote (8306)	12/15/1999 11:52:00 AM
From: Ga Bard	Read Replies (1) \| Respond to of 9440

AIPN Buy Back !!! American International Petroleum to Buy Back Balance of 6% Convertible Debentures; Investor Agrees To "Stand Still" Pending Closing Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 15, 1999--American International Petroleum Corporation (NASDAQ NMS: AIPN) announced today it has signed an agreement with an investor to buy back the investor's entire outstanding balance, totaling approximately $3 million of the 6% secured convertible debentures on or before January 12, 2000. The agreement calls for the Company to purchase, for cash, the principal amount of the debentures outstanding held by the investor, plus a 15 percent premium. Under the terms of the agreement the investor has agreed not to convert any of the outstanding debentures before the closing unless the Company's common stock on the NASDAQ market is greater than $1.25 per share. Also, the investor has agreed not to sell any of the Company's common stock, long or short, through January 31, 2000, at a price that is less than $1.25 per share. American International Petroleum Corp. is a diversified petroleum company which, through various wholly-owned subsidiaries, is involved in oil and gas exploration and development in the Republic of Kazakhstan, and in refining, marketing and transportation of its refined products in the United States. The Company's wholly-owned subsidiary, American International Petroleum Kazakhstan, owns two licenses in the Republic of Kazakhstan. License 1551, the Shagyryl-Shomyshty gas field, in which it has 100% interest, has technically proved reserves of 450 billion cubic feet of gas as independently estimated by Ryder Scott Co., and a 70% working interest in License 953, a 4.7 million acre exploration license immediately south of License 1551. --30--sm/ny* CONTACT: American International Petroleum, New York Michael Dodge 212.688.3333 or KCSA, New York Bob Giordano Joseph Mansi 212.682.6300