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To: sand wedge who wrote (5803)	12/12/1997 2:35:00 PM
From: norton kiritz	Respond to of 11888

I appreciate the offer to e-mail the aol chat scrolls. I would very much like to see them. norton@tgci.com

To: sand wedge who wrote (5803)	12/12/1997 2:39:00 PM
From: Terry Jackson	Read Replies (2) \| Respond to of 11888

Good work. Please include me in your recipient list. tjackson@toad.net

To: sand wedge who wrote (5803)	12/13/1997 12:16:00 AM
From: Daniel P. Dwyer	Respond to of 11888

Would appreciate your email ddwyer@ix.netcom.com

To: sand wedge who wrote (5803)	12/13/1997 1:16:00 AM
From: taxikid	Read Replies (1) \| Respond to of 11888

I have added some questions and comments of my own too bad i wasn't invited to participate.. I used boldface and my name to ADD my sentiment or questions or opinions.- i hope you enjoy the work i did... UNC 1984 : Hello Gary..Glad we found you Ozark10 : Yes thanks very much UNC 1984 : Does everyone understand the rules Rasbo128 : yes Hbs5 : yes Eddie10648 : y KEVHOME : yes Kkalan : yes Scottyp235 : Good work, UNC Bos rick : yes BERWAY : yes Rasbo128 : go WCoogs : yes Mir p 62 : no biting noe eye gouging all else fair UNC 1984 : Gary will talk first uninterrupted Scottyp235 : yes Eddie10648 : unc unc unc UNC 1984 : Faris will then ask some questions WCoogs : agree Eddie10648 : ok UNC 1984 : We will then open to questions MHGI WSA : are we ready? KEVHOME : go Eddie10648 : lets rumble DCBTexas : no typos or misspellings allowed UNC 1984 : Gary whenever you are ready..we're all ears Eddie10648 : well UNC 1984 : Gary...do you want to comment first or receive questions MHGI WSA : let me start by saying MHGI WSA : i have no hidden meanings MHGI WSA : i cannot answer all questions MHGI WSA : some i will not know MHGI WSA : some i cannot say MHGI WSA : please respect my answers Eddie10648 : k Mir p 62 : understood..lets go MHGI WSA : for they are just that MHGI WSA : most of you i spoke to MHGI WSA : i like MHGI WSA : and its not a popularity contest MHGI WSA : but i think you will like me to MHGI WSA : i never hype MHGI WSA : i never lie MHGI WSA : i try to walk with in my boundries MHGI WSA : and keep everybody happy at all times MHGI WSA : gf is waiting for my phone call on any questions i cannot answer MHGI WSA : first question UNC 1984 : Faris Eddie10648 : ???? Bouhafa : Good morning Gary MHGI WSA : Good afternoon Bouhafa : Keith Bossey stated that AIPC is in negs with several brokerage firms Bouhafa : re: conversion of warrants Bouhafa : and that a decision concerning investment banker should be made by end of year Bouhafa : Has that decision been made? What is status of talks? MHGI WSA : Keith Bossey is a smart man MHGI WSA : I cannot coment to his conversations MHGI WSA : but i can say MHGI WSA : aipn is very far along with a potential MHGI WSA : investment banker <TAXIKID:warrants as with stock or rights cannot according gowverning rules be handled by anyone other than a transfer agent... same way stock certificates are handled..any banker or fiduciary will do.. MHGI WSA : who that banker is im not at liberty to say now MHGI WSA : i will say if they act in any way with aipn it will ve a news worthy event <TAXIKID>>NEWS as far as the fact that the warrants are ABLE to be called should be expected.. not an important news release.. MHGI WSA : ga UNC 1984 : Faris...another question or follow up? Bouhafa : Is Bossey correct in his assumption that company intends to call in warrants? MHGI WSA : ga UNC 1984 : Faris...another question or follow up? Bouhafa : Is Bossey correct in his assumption that company intends to call in warrants? MHGI WSA : george has extended the warrents more times then i can remember MHGI WSA : he already states to me that warrent conversion should be in the companies future MHGI WSA : for him imo not to extend them again would both be suprising and folish <TAXI- exercising the warrants allows the company to issue the shares and add the cash to the kitty BUT DILUTES the shareholders MHGI WSA : go UNC 1984 : Faris.. Bouhafa : Then why hire an investment banker now if conversion date may be extended as iit has in the Bouhafa : past? MHGI WSA : investment bankers have many duties as you know MHGI WSA : warrents, consulting, and capital are just a few MHGI WSA : i feel who ever the banker would be would forfill most of these duties MHGI WSA : go Bouhafa : That leads to my second question MHGI WSA : go Bouhafa : Mr. Chew's former employer Neste Trifinery is rumored to be an attractive acquisition target Eddie10648 : ? Bouhafa : What are the status of those talks? MHGI WSA : i cannot comment on rumors MHGI WSA : or potential negotiations MHGI WSA : those are the rules MHGI WSA : its not fair and its illegal Bouhafa : Well then let me re-phrase question MHGI WSA : unless the company issues a letter of intent or a press release MHGI WSA : go Bouhafa : Well then let me re-phrase question MHGI WSA : unless the company issues a letter of intent or a press release MHGI WSA : go Bouhafa : Can you tell us whether George's vision for the refinery division includes acquisitions? MHGI WSA : George is very acquisition driven ie kaz MHGI WSA : gf is always looking for potential profit centers MHGI WSA : to enhanse shareholder value MHGI WSA : he is the largest share holder. lol MHGI WSA : go UNC 1984 : Faris...Your next question Bouhafa : The AIPC story is currently a story of potential Bouhafa : What would have to change in this story for the roadshow to attract serious attention from W Bouhafa : all Street? MHGI WSA : the aipn story has always been a story of great potential MHGI WSA : i believe that is what brought us all here today MHGI WSA : every time you see a news release the potential becomes more probable MHGI WSA : it is my job with gf and aipn to do everything in our powers to make your stock have MHGI WSA : real worth MHGI WSA : not that i'm saying it has no worth now but i mean REAL WORTH <Taxi: my definition of real worth here? would be fundamentally sound and fiscally SOLVENT.. selling at a multiple of earnings as opposed to unrealized or unrealizable potential MHGI WSA : go UNC 1984 : Faris...a follow up? LMPITTS : i need to interupt MHGI WSA : go Eddie10648 : k UNC 1984 : Yes LM LMPITTS : i am posting on the board so please no duplicates Bouhafa : So, a roadshow would only make sense once company has "REAL WORTH", correct? MHGI WSA : faris don't read into my statements and come to your own conclusions MHGI WSA : i say what i can when i can MHGI WSA : road show will be another building block in the aipn story <TAXI- shareholders need more than an unwinding fable or story telling. Bouhafa : Just asking for your opinion, Gary MHGI WSA : and when we go on the road you can bet your ass we have something important to say MHGI WSA : go MHGI WSA : go UNC 1984 : Faris...next question Bouhafa : Last question, for the moment MHGI WSA : go Bouhafa : Gene Chew was top lobbyist for refinery industry in DC for 9 years <TAXI~ a lobbyist doesn't add value to the company-just a political marketing agent IMO Bouhafa : He was just appointed Chairman of the prestigious Asphalt Institute Bouhafa : Now he heads our little company's refinery division <TAXI~ I suppose he is as qualified as the tail that can wag the dog, but can he motivate workers to produce and run the show.... or just rub elbows with politicos? Bouhafa : Is this a story that we can expect to read about in the press? MHGI WSA : we think the appointing of gene chew is a major step for aipn to be a major player in MHGI WSA : this field MHGI WSA : this adds creditability to aipns management and team <Taxi~ credibility to management and team? only if they plan on lobbying as opposed to conducting actual business.. No way ISO would approve of this "team".. nowadays management has to be proactive especially when dealing with possible environmentalists..and problems MRSOT77 : Seismic testing only confirms the existence of hydrocarbons, drilling confirms accessibility MRSOT77 : please comment UNC 1984 : Please refrain from comment MRSO..Protocol is in effect MHGI WSA : we believe mr. chew will be proactive and we also believe we should se some press in the <Taxi- how can a lobbyist become a head of a refinery and become proactive.. to be proactive one must be familiar with the old ways to route them and put in new procedures... chew is not a working man rising from the trenches...is he? MHGI WSA : near term MHGI WSA : go UNC 1984 : Any more questions Faris? Bouhafa : Thank you MHGI WSA : thank you MHGI WSA : go UNC 1984 : I will open it up to questions now UNC 1984 : I will open it up to questions now Cathi48 : ? MHGI WSA : Cathi go Pruthfield : /? WCoogs : answer mrso? Cathi48 : Gary, will road show proceed in Jan. EVEN WITHOUT additional news? MHGI WSA : i have stated many times the company has many great things to speak about WCoogs : is wavetech still the one behind evaluation of new data being done? MHGI WSA : i must wait until all parties involved give the green light to talk about it MHGI WSA : i'm still answering cathi MHGI WSA : i always believe their can be great news releases on the near future MHGI WSA : unfortunatly it is not my decision MHGI WSA : i have more frustration knowing and being unable to speak MHGI WSA : then you have not knowing at all MHGI WSA : go UNC 1984 : Eddie...You have next question Eddie10648 : k Eddie10648 : how big is the chickaduke Eddie10648 : structure? Eddie10648 : Guess Eddie10648 : thanks unc MHGI WSA : it is 60 kilometers long MHGI WSA : and geotech will be dropping its first line MHGI WSA : to see how wide NC 1984 : Eddie...You have next question Eddie10648 : k Eddie10648 : how big is the chickaduke Eddie10648 : structure? Eddie10648 : Guess Eddie10648 : thanks unc MHGI WSA : it is 60 kilometers long MHGI WSA : and geotech will be dropping its first line MHGI WSA : to see how wide MHGI WSA : after the first line they will do up to as many as 25 perpendicular MHGI WSA : because we expect the structure to be a regular in shape MHGI WSA : for example chick is like an under ground stream of reserves MHGI WSA : geotech will determine in its 2d testing MHGI WSA : on the structure Hbs5 : ? MHGI WSA : and will be reporting its findings MHGI WSA : to geotech and wavetech at the same time MHGI WSA : as we get results we will inform the public MHGI WSA : go UNC 1984 : Gary...to follow up..I've heard fromsources the Kazak's think it'll rival Tengiz..Comments MHGI WSA : i speak with hugh pope at the wall street journal MHGI WSA : he stated to me that in kaz the big talk is chik MHGI WSA : it has been compared with tengiz im told MHGI WSA : i guess geotech and wavetechs opinion is what really counts MHGI WSA : go UNC 1984 : Thank You..MRSO..you have next question UNC 1984 : Thank You..MRSO..you have next question DOOPER50 : good morning/afternoon, all...yawn.. MRSOT77 : if the data from seismic testing is favorable, MRSOT77 : what then are the potential extraction obstacles, both economic and geophysical? MHGI WSA : good question MHGI WSA : aipn feels very comfortable with the government and the people of kaz MHGI WSA : these tests will tell us how deep these potential reserves are as well as how much rock MHGI WSA : and earth they must penetrate to get the crude MHGI WSA : the geophysical work is a non issue due to the tremendous worldly regard for the team MHGI WSA : aipn has assembled MHGI WSA : go MRSOT77 : kaz govt failed in prior drilling of chik structure, correct? MHGI WSA : yes MHGI WSA : go UNC 1984 : Pruth...you have next question Pruthfield : It appears that the greatest "concern" evinced on this and on Pruthfield : other boards and rooms is the concern about the timeline for Pruthfield : when to expect certain things to happen, Pruthfield : Can you give us your best guesstimate as to when the important items we are all Pruthfield : looking for will be released. Pruthfield : Suggest that you could use outside times. MHGI WSA : i feel the time lines that are not met are time lines of share holders and investors Taxi~ Excellent spin.. my hat is off.. MHGI WSA : as far as the companies time lines MHGI WSA : they have met them all , and are very happy with the swiftnes the team is moving at now MHGI WSA : and as far as when do i feel important items will occur MHGI WSA : i feel important things occur everyday and im very pleased at the performance that aipn Taxi~ important things? and of course the daily trading of the stock is irrelevant.. what else happens daily? DCBTexas : ? MHGI WSA : has already over come in this newly obtained liscense area MHGI WSA : go dan MHGI WSA : go dan DCBTexas : Would you comment on the kind of reserve barrels we are talking about MHGI WSA : gf aipn and top ranking aipn management MHGI WSA : has already gone on record MHGI WSA : saying that chikuduk is believed to be larger then the other 15 structures combined Taxi'keyword: Believed MHGI WSA : when you come out with that kind of statement you better be darn sure your right taxi'~ unless you say believed then you can be MISTAKEN WCoogs : ? MHGI WSA : wavetech,geotech, mmg MHGI WSA : go bill WCoogs : wavetech is still involved in new data .....gathering or just reading or both? MHGI WSA : wavetech will be reviewing the new data as well as geotech MHGI WSA : go Kkalan : ? LMPITTS : ? from the secretary <G> UNC 1984 : HB..you have next question Hbs5 : Is there Soviet Data on Chikuduk or is Geotech doing their seismic testing from scatch? MHGI WSA : there is existing soviet data MHGI WSA : geotech is doing 2d tests from scratch but MHGI WSA : the lines have already been drawn for geotech from wavetech MHGI WSA : go UNC 1984 : Kkalan...you're up Hbs5 : Will these new "onsite" crews be able to put a number on the reserves better than "potential Kkalan : Gary...care to comment on stock action over the past few days. We are down Kkalan : to 4 1/16 today MHGI WSA : potential is potential until oil is extraxted from structure MHGI WSA : now kk Kkalan : Gary...care to comment on stock action over the past few days. We are down Kkalan : to 4 1/16 today MHGI WSA : i do not care about day to day trading activity Scottyp235 : ? MHGI WSA : i am not unaware how it feels to be down in a stock MHGI WSA : i do not trade the stock nor does gf or any member of aipn MHGI WSA : i do not have the imaginery crystal ball <MHGI WSA : i feel this stock will have great value in time imho>> TAXI~but day to day means little.. MHGI WSA : go UNC 1984 : LM...you're turn... LMPITTS : In terms of expansion, could we look forward to AIPN acquiring new sites in Kazakhstan, or Indonesia, MHGI WSA : good question leslie LMPITTS : or the US as was recently mentioned in a comp related release LMPITTS : done MHGI WSA : for those of us who have been involved in this company before kaz MHGI WSA : you will know gf is always looking for expansion MHGI WSA : in what region of the world is next MHGI WSA : we'll know in time MHGI WSA : go LMPITTS : thanks UNC 1984 : LM...follow up? CHARMS4EVA : ? LMPITTS : no UNC 1984 : If not...Scott its your turn MHGI WSA : 15 more minutes for me MHGI WSA : ok Scottyp235 : Any comments on possible venture partners...Are there any offers, and is there any serious Scottyp235 : at this time? MHGI WSA : ok Scottyp235 : Any comments on possible venture partners...Are there any offers, and is there any serious Scottyp235 : at this time? Scottyp235 : Serious consideration... MHGI WSA : what i will say is that offers have been made MHGI WSA : with who i will not say MHGI WSA : aipn is currently in negs with many companies MHGI WSA : both big and small MRSOT77 : ? MHGI WSA : if gf turned down a deal it was in everybodies best interest MHGI WSA : up to now gf has handled this like a true champion Taxi~ it would be nice to know as a shareholder what was turned down.. and how it was handled... and on what footing we left such deals if in fact there was anything substantial the shareholders are entitled to know.. MHGI WSA : go CHARMS4EVA : Heading into 1998, where do you see the stock compared to 1997? Hbs5 : ? BERWAY : ? UNC 1984 : Gary...Charms was next... MHGI WSA : unc ? UNC 1984 : Charms...ask your question again CHARMS4EVA : Heading into 1998, where do you see the stock compared to 1997? MHGI WSA : i do not give stock projections i am not a broker or analyst Taxi- SEE ABOVE!!!!great things in future.. MHGI WSA : go UNC 1984 : MRso..you are next MRSOT77 : yes DCBTexas : ? MRSOT77 : will potential jv MRSOT77 : finance drilling if aipn MRSOT77 : attempt failed MRSOT77 : ? UNC 1984 : Gary had told me in advance that he would have to leave by 1:15 MHGI WSA : i don't understand the question mrso UNC 1984 : I promised we'd honor this time MHGI WSA : last question MHGI WSA : thanks unc MHGI WSA : go MRSOT77 : must aipn MRSOT77 : succesfully strike MRSOT77 : oil in order MRSOT77 : to get joint venture MHGI WSA : absolutely not Taxi~ it better not be neccessary 'cause aipn doesn't have the cash flow to get a strike..authenticated..IMO MRSOT77 : thank you MHGI WSA : i just want to say it was a pleasure Rasbo128 : ? MHGI WSA : i just want to say it was a pleasure Rasbo128 : ? Bos rick : thanks you Cathi48 : Thank you very much, Gary UNC 1984 : Thank You very much for your time and insight...Hope we can do this again MHGI WSA : to do this today and as always feel free to call me directly at any time to discuss Kkalan : thanks Gary DCBTexas : Many thanks, Gary !!! WCoogs : thanks gary MRSOT77 : thank gary Rasbo128 : thanks MHGI WSA : any questions you might have i just spoke with gf Bouhafa : Thanks Mir p 62 : thanks Gary...great job Scottyp235 : Thanks Gary CHARMS4EVA : thanks gary DANCE2000F : Thanks Gary. MHGI WSA : i will set up a listen only MRSOT77 : thanks gary LMPITTS : thank you gary DOOPER50 : THANKS!!! MHGI WSA : conference call in the future Bos rick : soon please Ozark10 : Sounds good. Kkalan : great! Rasbo128 : Great Cathi48 : great BERWAY : thanks DOOPER50 : ? for room.. MHGI WSA : may you all have a Happy Holiday, tjis does not mean you will not here from me or a lack of Bos rick : goodbye MHGI WSA : news until then Pruthfield : 1/8 3/16 20x10 Cathi48 : :-) DCBTexas : Is Al Dunlap going to Kaz??? Rasbo128 : good one Gary MHGI WSA : thank you david for this fourm MHGI WSA : goodbye UNC 1984 : Thanks again to Gary DCBTexas : LOL UNC 1984 : Have a great weekend... Rasbo128 : Gary???anything to support us before you leave???lol Kkalan : Thanks UNC - for setting this up! DOOPER50 : could someone please recap?? Scottyp235 : Was that a bone he just threw us at end? I have no clue anymore. Pruthfield : Tnx to all for organizing this forum (David) and for the civility that Pruthfield : was shown by all. Cathi48 : Yes, great job, David Scottyp235 : Yes, well done. UNC 1984 : Gary has left...THANKS TO EVERYONE...I think it went very very well!!! BERWAY : thanks dave Rasbo128 : Cathi??? WCoogs : went better thon I thought it would WCoogs : than Cathi48 : Yes, Ras? Scottyp235 : I guess you picked a good group. Thanks Rasbo128 : Merry xMAS explained now Pruthfield : LMPITTS did u get to post to boeard? I hope that everyone can see that most of the meat here has been presented and there were far less details than posted here over there.. mllenium is not investment bankers nor I/R.. can anyone tell me what there job is? regards taxi