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: Laserbones who wrote (5412)	11/26/1997 10:20:00 PM
From: qdog	Respond to of 11888

The lease is 4.7 mil acres? That's 470,000 acres they retain. The Chikuduk is how big? They have minium requirements, if memory serves me, for siesmic and drilling. I think that they would at least devote one well out of the requirement to this area and siesmic. They can sign up anybody their heart desires. But it is exploratory as of now and any % partner brought in shares the same deal as the total partners in this deal. It would be MSUP selling part of their 70%. The other partner Dank, can sell some of their if the choose to. Frankly, I would for the first well (this knowing about the dynamics of this lease as everyone else on this thread) would probably be the area that had the blowout. Seeing how that is known to contain gas and oil. I would devote at least one well to this other area. But then, that all will be agreed upon by the partners; all of them.