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

To: dorothy sg who wrote (5639)	12/8/1997 9:13:00 AM
From: anyer	Read Replies (2) \| Respond to of 11888

Some thoughts about AIPN today; 1. Some posts in past have alluded to only 30% success at drilling on basis of seismic studies. In earlier post, CEO of Cabot o&g COG[NYSE] on CNBC squawk to discuss how company had 90% drilling success last year; response TECHNOLOGY. Yesterdays Dallas Morning News carried article about Triton, OIL[NYSE] where the company discovered 8 new fields in Thailand and , so far, has 100% drilling success. Perhaps the state of the drilling industry in 1980's was such that only 30% was possible; now possibly a whole reservoir can be mapped out in 3D in advance and then the formation drilled precisely to max. advantage. The Wavetech data may be more critical than we have attached importance to as yet. If the technology has changed, then possibly the valuation may have changed for what was in the past a value for "unproven reserves" of .25 -.50 per barrel; now , perhaps 1$ or higher; something to think about. Wish we could get a mole into wavetech. I also don't think Wavetech is relying on old Soviet data; I'll bet someone has been in KAZ shooting 3D on at least one known structure the last several months. 2. I got to looking at the AIPN and CHAR maps and the question came to mind why the pipeline triangulates 100 miles out of the way to Beyneu which sits right over the AIPN concession where there are no producing fields. The Uzen field southwest was already producing, being discovered in 1967 and when Tengiz north of Uzen was discovered it would be natural to take pipeline more northerly to conserve precious Soviet capital; unless someone knew there was oil in the ground elsewhere in sizeable quantities and was planning ahead. Hmmm no oil here, go ahead make my day and short 100k shares AIPN; none of this piddly daytrading 5k stuff. CNPC willing to pay 1billion for 30 year old Uzen and then spend billions more to build pipeline; don't dismiss 1.2 billion turndown as being untrue. I don't have inside inside info but believe others here do. Regards, Anyer