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

To: Sycamore who wrote (5610)	12/4/1997 1:59:00 PM
From: JT	Respond to of 11888

<we should get a confirmation of that soon through WaveTech> You may have answered my buyout question, Sycamore. If the majors have seen some (or all) of the WaveTech analysis and it shows 2-4 billion barrels of potential reserves (not the 1.1 billion as was originally estimated by the previous analyst), then the major may know that AIPC shares would rise to their new value based on the release of the WaveTech analysis. The fact that Millenium and Dr. Faris have not yet released the new estimates is why the share price continues to hover around $5. If I factor in the potential stock price (say $10-$20) based on the release of the WaveTech analysis, then a buyout is not necessarily the best method to get the concession rights. However, if the WaveTech analysis is not yet complete, then it's my opinion that AIPN is possibly at risk for a buyout. Any hostile buyout would, as Taxi said, prove (to some extent) that the oil exists and would raise the stock price significantly. Of course, Dr. Faris could also dilute the stock by issuing more shares. The bottom line is maybe I should not be so concerned about the buyout, as I should be about when WaveTech will complete their analysis and when AIPC will release the results to the public. Soon would be a very good answer!! Thanks to all for responding! JT