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

To: NoMoney who wrote (5302)	11/24/1997 4:39:00 PM
From: MARIO PASQUA	Read Replies (2) \| Respond to of 11888

BW1405 NOV 24,1997 13:06 PACIFIC 16:06 EASTERN ( BW)(ROBERT-COHEN/AIPN)(AIPN) Robert M. Cohen & Company/American International Petroleum Business Editors GREAT NECK, N.Y.--(BUSINESS WIRE)--Nov. 24,1997-- This morning AIPN announced that Med Shipping Usturt Petroleum, LLC (70% owned by AIPN) signed the "Contract on Exploration of Hydrocarbons" with the Kazakstan government. This, Robert M. Cohen & Company feels, is the first of a number of announcements that should make clearer AIPN's potential in the oil rich nation of Kazakstan. At stake is the 4.7 million acre license area in Kazakstan's south west. Preliminary estimates from government seismic data have put potential reserves at over 1.1 billion barrels. The Key Points of "The Contract" 1. Contract gives the company the Exclusive rights to a production license in the area. 2. Subscription bonus set at only $975,000. 3. Commercial bonus set at an unusually low 0.05% of reserve value. 4. All rights are fully transferable to a partner. 5. While royalty rates will be set upon time of production, the first 650,000 barrels of initial test production are exempt from royalty. The signing of "the contract" is a critical milestone for AIPN as any possible venture partner has all or most (it is estimated that all information necessary will be available no later than the end of 1997) of the information needed for making an offer to the company. In fact the company has stated that no less than (6) "majors" are currently reviewing the company's data. In the company's opinion, an agreement with an industry partner could occur in a three to six month time frame. Financing AIPN presently has an approximate $11 million in cash and marketable securities. Recent financings through the use of private equity still does concern the company but the company feels that more traditional methods of financing should be utilized for the foreseeable future. Additionally the exercise of the approximate 6 million outstanding AIPNW's could bring in an additional $24 million to the company (the stock must trade over $8 for 15 consecutive trading days). The company is currently negotiating with brokerage firms to handle this transaction and negotiations should be completed no later than year end. In light of these recent developments, some of the risks have been removed from an investment in AIPN stock. Many of the issues being discussed over the last few months have been finalized as the company has continued to remove any potential roadblocks standing in the way of the signing of an industry partner. With the drilling of a test well to occur sometime in Q2 1998, and the completion of initial seismic studies sometime by year end, the company feels that the signing of a venture partner is imminent. Therefore the company is upgrading their investment opinion of AIPN to a BUY and feel that their price target of $10 can be achieved in six months. -- Keith R. Bossey, 516-829-7910 Robert M. Cohen & Co., Inc. is a member of the National Association of Securities Dealers, the Securities Investor Protection Corp. and is a registered U.S. Broker-Dealer. Readers are advised that this analysis report is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy. The information contained herein is based on sources which the company believes to be reliable but is not guaranteed by the company as being accurate and does not purport to be a complete statement or summary of the available data. This report is the independent work of Robert M. Cohen & Co., Inc. and is not to construed as having been issued by or in any way endorsed or guaranteed by any companies mentioned herein. Any opinions expressed herein are statements of the company's judgement as of the date of publication and are subject to change without notice. Reproduction without written permission is prohibited. The firm, its officers, directors, employees and customers, may have a position, long or short, in the securities referred to herein, and other related securities, and from time to time may increase or decrease such position. The firm (or persons related thereto) may make a market in the securities mentioned herein, and may from time to time perform investment banking or other services for, or solicit investment banking or other business from, and may have relationships with any company mentioned in this report. The closing price of securities mentioned in this analysis and report is as of Nov. 21, 1997. Additional Information is available to clients upon written request. --30--lmm/ny kvc/ag/ny CONTACT: Robert M. Cohen & Company Keith R. Bossey, 516/829-7910 KEYWORD: NEW YORK FLORIDA Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com ----------------------- Headers -------------------------------- Return-Path: <newsroom@bizwire.com> Received: from relay07.mail.aol.com (relay07.mail.aol.com [172.31.109.7]) by air12.mail.aol.com (v36.0) with SMTP; Mon, 24 Nov 1997 16:26:58 -0500 Received: from c2smtp.bizwire.com (bizwire.com [165.113.180.2]) by relay07.mail.aol.com (8.8.5/8.8.5/AOL-4.0.0) with SMTP id QAA08631; Mon, 24 Nov 1997 16:26:51 -0500 (EST) From: newsroom@bizwire.com Received: from NetWare MHS (SMF70) by c2smtp.bizwire.com via Connect2-SMTP 4.20A; Mon, 24 Nov 1997 13:12:10 -0500 Message-ID: <C70B8E3301CF0000@c2smtp.bizwire.com> Date: Mon, 24 Nov 1997 13:12:03 -0500 Sender: newsroom@bizwire.com Organization: BW To: media@bizwire.com Subject: ROBERT-COHEN/AIPN X-Mailer: Connect2-SMTP 4.20A MHS/SMF to SMTP Gateway

To: NoMoney who wrote (5302)	11/24/1997 4:55:00 PM
From: DRRISK	Read Replies (1) \| Respond to of 11888

Gang, This PA is IMHO really bullish for the stock. This in perspective is really amazing when you consider that Mobil and Amoco made such a big deal with regards to their agreements with the Kasaks in Washington and little old AIPN on the back end of their deals makes what seems a more than incredible arrangement with enough wiggle room to make all parties involved happy. This bodes very well for the next stage of getting the JV deal signed. I see only one other possible announcement that could be forthcoming before the JV and that would be an update of the Wavetech evaluation of the Russiam seismology. I think that the bounce over $5.00 will come as the seriousness of AIPN as a real player emerges over the next few days. The image of AIPN and Dr. Faris as a bunch of screw ups is being shed and IMHO this step in conjunction with all the other Majors tooting their horns over their deals can only reflect positively on AIPN. It would be interesting to compare their deals to AIPN's. DrRisk duly impressed by our little big guy