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

To: Tom R. Clarksburg who wrote (5126)	11/18/1997 1:54:00 PM
From: taxikid	Respond to of 11888

that is where you and i are at parity- regards taxi

To: Tom R. Clarksburg who wrote (5126)	11/18/1997 2:02:00 PM
From: Laserbones	Read Replies (1) \| Respond to of 11888

>>...because the work that wavetech is doing...costs about $100M+ to do.<< The work that Wavetech is currently performing for aipn? No, I doubt that very much. Probably off by 70-80 million at least with that figure. Your point 5) is exactly what I called Millennium about; and I posted the conversation I had with them on SI. Millennium couldn't provide me with any information about the Soviets and were actually surprised that I even brought it up. In my opinion Millennium is a joke. They just don't answer the most straight forward questions--questions that shareholders do have a right to know. They should just get out of the picture entirely and stop posting that news service BS. Greg

To: Tom R. Clarksburg who wrote (5126)	11/18/1997 5:23:00 PM
From: DRRISK	Read Replies (1) \| Respond to of 11888

Tom, Your questions are legit and certainly deserve to be answered. The PR firm is not the place. The company is walking on egg shells and in their July meeting in New York they answered allot of your questions but these facts even then were not totally clarified just because of the hoopla at the time. I think that Dr. Faris is unwilling to expose these Kasak partners to the kind of scrutiny that Wall street could put them under. I actually met the former Oil minister personally and as we were talking a woman came up in all earnest and said that she had to ask him a very important question. She said "I just want to know if there is oil in the Concession?" He looked at her with utter bewilderment and said "yes". This was after an hour and one half of a detailed presentation. The JV that was discussed at this meeting and the gentleman who stood up for the company(who was very anxious to put forth money) was Marathon. I have heard nothing since of them but Dr. Faris at the time said that he was not prepared to negotiate any deal. The number of wells that were reported at this time to have only been two or three and they blew out as we all have heard many times as the Russians rushed to Tengiz instead. If I had to bet the Wavetech deal probably has something to do with the old Russian Seismic Data which was reported to be owned now by AIPN and would be available as an asset for the company for the entire 4.7 million acres to sell to other interested parties when the concession has to go for reauction after the company picks its 10%. The seismic data as an asset was considered by the company to be very valuable and unusual to have been included in the deal. I wonder (speculate) that Wavetech is on the come for this data and that their expenses are being covered in some formula with a percentage of the data as a carrot. That is what I would do. But I am only one of the waiting idiots spending time speculating on SI. DrRisk trying to answer the best I know how