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

To: qdog who wrote (5392)11/25/1997 10:04:00 PM
From: Sycamore  Read Replies (1) | Respond to of 11888
 
"<<In other words it breaks down to 33% chance of finding something.>>"

With the above input, I'm now convinced more than ever that the Bossey report of $10.00 is extremely conservative. I think he uses just 15% chance of finding oil or recovery rate in his computation. sycamore



To: qdog who wrote (5392)11/26/1997 10:47:00 AM
From: anyer  Read Replies (1) | Respond to of 11888
 
qdog,

The president of COG was on CNBC squawk yesterday; they asked him how the CO. had a 90% drilling success [production] the past year
and he responded new technology. Maybe this industry is changing very rapidly due to tech innovations.

Perhaps we should be worrying about a glut of world production next 10 yrs. Several CO.s including SFY have had phenomenal success drilling the past 2 yrs. Your thoughts please.

Regards,

Anyer


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