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

To: taxikid who wrote (5560)	12/2/1997 6:22:00 PM
From: Laserbones	Read Replies (2) \| Respond to of 11888

I haven't read anything from you that suggests you are a major aipn bear. As for the refinery...still going to be some time before it's generating any useful cash. First it will need to show it can meet it's own operating costs. Do people actually think it's gonna start up as profitable from the get go? I don't agree with your valuation on it--which was'nt serious anyway. I'd place it @ $0.50/share with weight given to its coming on line. That might be generous at present, but 2 quarters from now it might be closer to $1.50/share if it's hitting on all cylinders. Only problem is we don't know if its got 4, 8, or 12. That nasty crude it will be using is cheap right now...wonder how that will affect the finished asphalt's price schedule...maybe it's better to stay focused on the concession...look what you've done. You got me repeating you now. And forget DrRisk's prescription. Nothing ever worked as pleasantly well as the old R-714. Greg

To: taxikid who wrote (5560)	12/2/1997 8:08:00 PM
From: Juan Dominguez	Read Replies (1) \| Respond to of 11888

Taxi, here is the post on the Refinery visit that Terry was referring to. No, it was not written by qdog, but is was written by a very astute investor that does lots of due diligence before investing. His background is in the asphalt business so he knows what he is talking about. It was posted on the AOL board October 7th. Here it is: Subj: Refinery..... Date: 97-10-07 23:50:25 EDT From: DCBTexas I am posting this via old laptop from hotel room outside of New Orleans. Drove from Houston to New Orleans area and stopped along the way in Lake Charles to see the AIPN refinery. I have been in many carbon related plants and I expected to see a grimey, black, nasty asphalt plant. I was surprised to see a small but clean plant. A roadway was being readied for paving to a brand new truck weight station (out-going TL of asphalt by weight), the refining towers were shiney and apparently re-worked to meet the new Federal standards. There were about 20 tank storage units for receipt of the soon-to-be Venezuelean (sp) heavy crude to arrive at their riverside dock which links to the inter-coastal canal (barge). There were an additional six new oil storage tanks (maybe for finished product) that I could see as well. There was a good sized administration building and a building that appeared to be undergoing remodeling in the processing/production area. Overall, my impression is favorable. My understanding is that Gold Line (the group who leased the operation from AIPN two years ago) ran the plant into the ground with little maintainance, etc. All outward signs show AIPN has their act together at this location and I predict plant start-up will take place in a matter of a few days or weeks. Regards Juan