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: Ken Wesley who wrote (5347)	11/25/1997 10:18:00 AM
From: R Hamilton	Respond to of 11888

taxi, i've got a simple question. someone on this thread instead of cohen might be able to answer it. i don't have the news release describing the license terms, but wasn't the time period originally for 5 yrs for entire concession then aipn can choose the prime 10%? in the latest release, the 5 yrs CAN be extended to 9 yrs to allow for expanded work programs, but if i understand this correctly, with the exception of 10%, any drilling and oil to be gotten out has to occur within 9 yrs.... seems this would be a drawback for any major oil co...the texaco jv recently ann. was for 40 yrs... am i missing something? tia rhonda ps...what's time period for 10% ?

To: Ken Wesley who wrote (5347)	11/25/1997 10:26:00 AM
From: DRRISK	Read Replies (1) \| Respond to of 11888

Ken, I feel it would be dishonest to the thread to not post that I sold my 4.25 today at 5.25***** 20,000 shares. This I know is a mistake but my wife needs to shop and I have a position that is huge to not trade this baby when the opportunity presents itself. I will regret the sale as I already have but everything in the market that you do is a mistake. DrRisk long and very happy today to be a bull!

To: Ken Wesley who wrote (5347)	11/25/1997 12:21:00 PM
From: Laserbones	Read Replies (1) \| Respond to of 11888

Of course I speculate. Science is really one huge speculation fest although the preferred term is hypothesize. They mean the same thing. Aipn is a highly speculative stock that may provide a large return. Aipn is a gamble--more so than many but less so than others. The info at present while certainly not overwhelming, does give decent odds to support an investment in this co. I'm a gambler--the vast majority of scientists are--oops, I just let out the big secret. Waiting for all the facts to come in before making a decision on a stock means it's time to invest in bonds. I bought this stock because I've speculated that oil will be found. If and when it is the stock will reflect this. If in the interim a JV is made that jumps the price that's great. The difference between some and others is that not everyone feels a huge JV is an absolute requirement. Too many hopes for quick hitters go down on strike three. Aipn fits the niche for a speculative long term hold that might allow me to realize the new long term cap gains rate. After all, we're all in this to provide monetary gifts to Uncle Sam, right? <BG> Greg