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Gold/Mining/Energy : American International Petroleum Corp -- Ignore unavailable to you. Want to Upgrade?

To: qdog who wrote (4219)	10/27/1997 11:59:00 PM
From: MARIO PASQUA	Read Replies (2) \| Respond to of 11888

RISK? If we talk about risk...AIPN is no more of a risk then any other stock. We argue and bickering about what is a good investment. But no one can really be sure 100% I had stocks that if you looked on their fundamentals, you thought would be as sound and solid as steel. To my astonishment they still went down for no reason at all. What would you say to these people that bought into this company few days ago because they tought, or someone told them it was a good investment? This is today closing 10/27/97 OXHP - OXFORD HEALTH PLANS INC Exchange: NASDAQ Delay: at least 15 minutes Last Price: 25 7/8 at 15:54 Change: Down 42 7/8 (-62.36%) High: 38 3/4 Low: 25 1/2 Open: 38 3/8 Previous Close: 68 3/4 on 10/24 Volume: 49,082,000 30-Day Avg. Volume: 1,527,000 Shares Outstanding: 78,802,000 52-Week High: 89 52-Week Low: 44 1/2 Beta: 1.42 Yield: Nil P/E Ratio: 16.4 EPS: 1.58 S&P Comstock

To: qdog who wrote (4219)	10/28/1997 12:24:00 AM
From: Cathi Wierzbicki	Read Replies (1) \| Respond to of 11888

Qdog: Thank you very much for elaborating on that scenario. It is very useful to us all to get as much input as possible regarding what types of deals have been done or appear plausible. I am still somewhat puzzled by your reasoning in this example though. Huddleston has issued a report listing "potential" reserves at 1.1 billion barrels. This report only covered 7 of 17 structures, if I remember correctly. But, even if one assumes that Wavetech will identify NO ADDITIONAL "potential" reserves in the other 10 structures, we are still left with 1.1 billion barrels "potential." If "potential" reserves are usually sold in the area of $.50 to $1.00 per barrel and "proven" reserves (admittedly a different figure that could be larger or smaller) are sold, as you stated, at between $4 and $6 per barrel, then why would AIPN be interested in doing a deal for what would be $.04 per barrel for the "potential" reserves, or once proven, only as much as $.54 per barrel? If the figures you used are representative of the kinds of deals that are structured for "potential" reserves, then the value of AIPN wouldn't ever reach $10 per share even under the most favorable outcomes. This would suggest that AIPN stock should have been sold when it reached $7 as that would represent full value even years from now. Is that your belief? Thanks. Cathi