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

To: Terry Jackson who wrote (5163)	11/19/1997 9:30:00 PM
From: Sycamore	Read Replies (1) \| Respond to of 11888

Subject: here we go again Date: Wed, Nov 19, 1997 21:05 EST From: Mir p 62 Message-id: <19971120020500.VAA03190@ladder01.news.aol.com> one final thought on all the madness...One thing all seem to be forgetting is that this AIPN story is approx 4 months old...we have all come to expect or want blockbuster news every week..You can bet that the major production agreement just signed this week b/t the majors and Kaz took a hell of a lot longer than 4 months..Second...in all the research anyone has done not one person on this board has come up with a bad thing to say about George Faris but a million things to say about MILL...I know his history and it is nothing short of a miracle that we are at this point today..while I know we needed cash the 2 financings done by George were not the greatest things that could have been done (they were the easiest)...the stigma attatched to AIPN is because of George Faris' history not because of who they hired for PR..that is my last comment on the PR problem...I do suggest that anyone who thinks of this investment as not highly speculative to do a little more homework on the history of the co..Forward looking..the PA is the crucial fundamental we need ..I think we will get it shortly but delays are to be expected all along the way..the stock may or may not react immediately to the PA but we all know it is needed before any JV negotiations can get serious....the logical progression would be for a JV to follow but again remember it is a tiny, unexperienced co dealing with a major..they will always try to take advantage knowing that it is in AIPN 's best interest to sign with a major rather than go it alone..It would not surprise me if the JV involved only a nominal amount of money instead of the millions being thrown around(just a thought not any inside info)..The name involvement alone would help the stock move to many times where it is now making all shareholders happy...Lastly..the investment banking deal seems to have slowed down for some unknown reason but I attribute this again to the little co trying to attatch itself to a big name..things obviously take a lot longer than we expect...While I am sure many of you think this post is negative I assure you I am still very bullish on the prospects of the co and feel we will all be rewarded tremendously if our BOY GEORGE can deliver..lets try to get back on the same side of the fence..BY THE WAY ..I HAVE JUST PURCHASED THE BOOK AND MOVIE RIGHTS FOR THE AIPN STORY..A CANT MISS...ACTION ,ADVENTURE.,$$$$....keep the faith buy the dips..see ya

To: Terry Jackson who wrote (5163)	11/20/1997 7:13:00 PM
From: Sycamore	Read Replies (1) \| Respond to of 11888

"<<Re the PSA coming out on Friday(?), does anyone know what effect the recent PSA announcements had on the stock of other companies?>>" ------------------------------Just a response--------------------------- Terry, Obviously, the article with the statistics below doesn't apply here, but if the awarding of PSA in KAZAKHSTAN (some numbers anybody?) comes even close to that of Russia's (7 approvals out of 230 in 3 years), with the concession's rumored enourmous potential, short term, a good PSA could only do wonders to a company the size of AIPC. IMHO. Anyway, please see attached article below extracted from DrRisk posting of last week. ----------------------------Extracted Portion Starts------------------------ BUSINESS Russia champs at the drill-bit M O S C O W The Duma has been dragging its heels on prduction-sharing legislation for three years. It has approved a mere seven agreements out of a list of 230, and it has yet to amend a dozen other laws that conflict with the principle of production-sharing. The parliament has been fortified in its obstructiveness by the chauvinists in its ranks, and by Russian firms that have wanted to keep the foreigners out while they spend what little money they have to buy domestic oil assets cheaply. THE ECONOMIST DrRisk doing his part