To: Tom R. Clarksburg who wrote (4155 ) 10/27/1997 12:24:00 PM From: Laserbones Read Replies (1) | Respond to of 11888
Tom, go back through this thread and you will see that I did post all of my entry points which were in the range of 4 1/2 to 6s. I also previously mentioned that I was trading the co as it played with the margin line. It is, of course, your perogative to question my "honesty" if you so desire. It doesn't bother me in the least. I would ass-u-me that you also question the honesty of any overly exuberant post that states: "Just bought another 100,000K!" There is a problem--yes, I'm scolding people again--with someone challenging the status quo. I never said that much of my contrarian additions of late had anything to do with my investment posture towards aipn. The point is, I think, that the fence has two sides and I have no problem with understanding that the negative side does have merit. But please don't make my heart skip and tell me you made any investment decision based on my ramblings. I noticed that this thread was hitting a dry spell and I merely wanted to liven things up with some fun discourse. I have made the following conclusions in regards to aipn: 1) There are identifiable structures within the holding area. 2) The Soviets--whose siesmic data is better than some think--did result in the sinking of a # of exploratory wells with according to my research, (3) were positive for oil although absolutely no inference can be made that it was commercial. 3) There are productive fields in this region with not only Tenzig and its interesting and very identifiable geology, but the adjacent basins which are all "likely" resevoirs. 4) I "think" that the hydrocarbon bearing subsalts of Tenzig and the Zhanozol field may also be contiguous with structures in aipns holding, although this probably isn't physical, these areas underwent similar environments in the Triassic-Jurrassic-Cretaceous periods and therefore there is a real chance that petroleum formation occurred in large quantities. There is nothing that leads me to believe major plant formation wasn't occuring everywhere in this region. One interesting point is that Tenzig does have very unique magnetic anomolies and I have not herad if aipn's area has similar characteristics. 5)Aipn's concession is large. Just from its size it is sure to encompass a variety of interesting base depths and deep faults. Speculation that a percentage of the oil is in fact recoverable is just as valid as saying it's not. 6) Kasakhstan is actually more stable politically then the other central asian countries. But is does have problems. All of the post Soviet states do. 7) The US has a real interest in this area and it must do whatever is required to keep Russia as a "fair" player in the region. This might help long term stability which would have a real downstream effect of seeing through pipeline projects, etc. 8)Aipn is a cheap stock. It's also a story stock and sometimes--albeit infrequently--the story pans out. It's a gamble. It's a risk. It may result in fantastic returns. 9) With the current market environment, aipn is not coupled to the big picture. It's value is not earnings driven, etc. It's value is the story and its holding which is a concrete asset--although its real intrinsic value needs to be determined. 10) Sometimes you just have to say: "What the Hell?" or "Why not?" Greg