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

To: qdog who wrote (5770)	12/11/1997 8:16:00 PM
From: Terry Jackson	Read Replies (1) \| Respond to of 11888

Qdog and Sycamore, thanks for the informative replies. Is this a great thread or what!

To: qdog who wrote (5770)	12/11/1997 9:40:00 PM
From: Juan Dominguez	Read Replies (1) \| Respond to of 11888

QDOG, can you explain what is a vibroseis crew? What exactly do they typically do in this type of work program? "Two vibroseis crews will allow for rapid acquisition of data and will accelerate the detailing of the structural leads developed by our evaluation teams," said the Company Chairman and CEO, Dr. George Faris. "We have been very pleased with the progress of the evaluation of the existing 1800 Kms of seismic acquired with the block, which continues to justify our exploration effort," he added. Since according to the above the company has already evaluated the existing 1800 Kms of seismic that they acquired from the govt., what exactly can this vibroseis crew do? Could they possibly be there in order to bring the evaluation from "potential" to a "probable" or "proved" statis for the reserves? I have no idea how reserves estimates are upgraded from "potential" to "probable" and "proved". Can you shed light on this? Also, they plan on concluding this evaluation by January. If those vibroseis crews just began their evaluation, how can they be finished by January? Is it possible? Thank You in advance for your response Regards Juan