Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Sycamore who wrote (4306)	10/29/1997 8:32:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 11888

Sycamore, I will cross that bridge when it happens. One thing is sure, it will not happen at once, there will be few wells coming out with good results starting a base of proven resources, and then the proven resources will have to catch up with the price of the stock, another trading range may open if there are strong indications that the probable resources are indeed more than 50% of the "potentia;l". I do not see AIPN starting the proving process by itself, therefore the next price action will be related to either finaicing or a JV and the nature of the deal will determine the price. AKSEF got to keep only 255 of their concession in their deal, we are assuming that AIPON will keep much more. AKSEF already had a substantial base of proven and probable, and the potetial is running anywhere for 3 billion barrels to an improbable 20 Billion barrels. I think that for the time being taxikid's approach of trading the range is not that bad, I'll maintain a core position for the unlikely event of a breakout I miss, but most of my position will be a trading one, like in AKSEF. Zeev