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

To: Sycamore who wrote (5281)	11/24/1997 10:50:00 AM
From: MARIO PASQUA	Read Replies (2) \| Respond to of 11888

Syc... After reading the latest AIPN news, I think ol George Faris beat Donald Trump in the "Art of Dealing" We have the tendency to want things to be done right away, But has you know Kazakhstan is not the USA. We need to be more patient with this company. As the old clich‚ says: Good things will come for those who can wait. ;-) I think this paragraph..is one of the best out of the news. Keep the faith --------------------------- <" The Contract gives MSUP the exclusive right to receive a production license upon the occurrence of a commercial discovery. MSUP also retains the right to commercialize the data acquired during the exploration for a period of 10 years after the completion of exploration. In addition, the Contract provides that the 5-year exploration period defined in the License may be extended by an additional 4 years to allow for expanded work programs. Initial test production of up to 650,000 barrels will be exempt from royalty. However, the royalty rate for production above this level, which normally ranges between 6% and 26%, depending on the production levels, will be negotiated and defined later in the production agreement with the government.>'