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

To: qdog who wrote (5689)	12/9/1997 9:13:00 PM
From: Laserbones	Respond to of 11888

You're right. Many people hear the word gas and immediately think: Natural Gas. If it is hydrogen sulfide this would be one horrendously odiferous place instead of just plain smelly. I'll stay away thank you very much. This whole blowout scenerio bothers me. The Soviets had two blowouts with positive results for oil/natgas and decided to just plug and leave. It sounds as if there wasn't any attempt to get a handle on the producing area of the the two fields. The argument that they left for the Aktubinsk field is suspect. Why go somewhere else for oil when you're sitting on it? Are we also to believe that the Soviets could not handle the two areas simultaneously? You know that bridge you're always trying to sell? I got one sitting right next to it. Maybe we can make a JV and sell both to the right mark real cheap. But I still think the odds of aipn/? finding oil somewhere are decent enough to maintain a long position. Greg

To: qdog who wrote (5689)	12/9/1997 9:59:00 PM
From: Timelord	Read Replies (3) \| Respond to of 11888

[Off topic] Since Razor has been assimilated, I don't know any other oil experts on the threads - can you do a critique of these news releases from Red Sea Oil (ASE:RSO). A little background, RSO is a spinoff from International Petroleum (IRPPF), a Lundin owned company. Several Libyan tracts and an offshore Sudan concession are its only claim to fame. This is the second well on this concession, first was p&a on another target play. I know nothing is absolute until the well test, but they seem to be excited enough about the oil shows in the first release to follow it up with a second release of the log data showing '120 ft of net pay'. The "Zelten" was an unexpected show of oil as the Beda level was the test target. biz.yahoo.com biz.yahoo.com So what do we have - hype, wishful thinking, or a possible Xmas present? TIA for your review. Alex