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

To: qdog who wrote (5405)	11/26/1997 7:58:00 AM
From: DRRISK	Read Replies (2) \| Respond to of 11888

Greg and Qdog, The structures that were outlined in the July meeting inclusive of the Chiciduck did not even approach the 4.7million acres that AIPN will get rights to under their agreement. The basis of the deal also included a financial lock on all the seismic that has already been done on the entire concession. AIPN will only retain the seismic and the right to rebid if they want. The Chicuduk is ours(AIPN) if they want it as well as Begesh and the other defined structures from Russian data. Thanks Qdog for your industry tech update you have been extrordinarily accurate to date. I also noticed the 2nd Quarter redress but have come to expect this from AIPN and in fact their impetuosity and hyperbole on this deal has been comparatively restrained if you were around for Indonesia and Peru and Columbia. DrRisk were gathering steam this baby has credibility now all we need is the oil.

To: qdog who wrote (5405)	11/26/1997 9:29:00 AM
From: Ken Wesley	Read Replies (1) \| Respond to of 11888

Shouldn't we be able to determine aipn's plans by the personnel they have hired. First, they hired Woody who's expertise was, I believe, oilfield mangement which would lead me to beleive, they had planned to to drill and develop some of the concession themselves. After Woody resigned, they hired people who's expertise is in the area of analizing siesmic data. Seems that their plans have changed and they are now going in a different direction. Their no.1 goal seems to be finding a JV partner. Right now, I don't think they are geared up to do any drilling--that's the job of the JV partner. Thus the reason for pushing back the drilling into the 2nd quarter. Of couse their plans could change. Let's watch to see what personnel additions they make. It's great to have someone on this thread who has experience in the oil industry. Your information has been invaluable to the rest of us. Ken W

To: qdog who wrote (5405)	11/26/1997 11:09:00 AM
From: Laserbones	Read Replies (1) \| Respond to of 11888

I understand that aipn only gets to keep 10% and will only be able to eventually deal within their chosen area--could be years away. With this new siesmic survey I would expect that Chikuduk will be focused on to some extent. You have said this takes time. Sounds reasonable to me so until aipn has solid info on this structure I don't want to see it included in any negotiations other than the exploratory type. From what DrRisk said this structure along with some others would easily fit into that 10% figure. But if aipn doesn't know now--how could they--what portion they are intending to keep it would be impossible for them to hand over any of their current license. Not to get anyone's BP up, but isn't aipn more or less locked into JVs of the smaller exploratory variety until they make it clear to the Kasaks what they intend to keep? Can't deal what ain't theirs, right? Is this what you were refering to months ago when you questioned the 90% return 10% keep agreement? I should have given this situation more than a cursory glance. I bet I know what area you and I would start shooting.