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

To: Ken Wesley who wrote (6102)	12/29/1997 3:33:00 PM
From: Ken Wesley	Respond to of 11888

Another pipeline planned to the Caspian Sea area as reported at: cbs.marketwatch.com Also: fnsg.com Ken W

To: Ken Wesley who wrote (6102)	12/29/1997 4:00:00 PM
From: qdog	Read Replies (1) \| Respond to of 11888

Let me re-iterate that crude is down $.60 per barrel at around $17.60 for light sweet crude Feb contract. $18 oil was a support area. This by itself is a negative in AIPN position of strength. There is a decrease in demand in Asia and lack of REALLY cold weather is affecting crude and nat gas prices. Negative for exploration, positive for integrated oil companies that are highly exposed to chemicals and refining. Feed stock is cheap. Yes the lack of news is evident by the volume in the stock. All three of your points, when announced, should propel the stock higher from here or whereever it bottoms (not real good at picking bottoms or tops). On the China and Chevron; that the difference between potential and proven. In both those cases; the area's have been drilled to give definitive proven reserves. AIPN is still potential, even with Geotech findings. The well still has to be drilled, that is the final arbiter in the bull/bear debate. Hard to say about the lease question. A few months ago it probably would have fetch a higher price. Today, well, who knows. Companies tend to pull in the horns when the underlying commodity becomes this cheap. It wasn't long ago that crude was trading at $25/bbl. Another reason I disagree with the JV figures that floated around of 450 million. Without reserve figures based on downhole analysis that figure isn't concievable then or now. Drill a well and tell me the data then. I still think that AIPN will get a good deal that maybe tiered to success of the lease. Some up front money with an escalator clause if it proves to be highly prolific.