Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: DRRISK who wrote (6577)	1/9/1998 2:42:00 PM
From: taxikid	Read Replies (1) \| Respond to of 11888

doc.. any which way you can is on.,.channel 17 {usa} it seems to me that is how this market is.. i am retiring early to watch it again.. just because i need a break.. taxi

To: DRRISK who wrote (6577)	1/9/1998 3:04:00 PM
From: anyer	Read Replies (1) \| Respond to of 11888

Looks like selling pretty much dried up in our little company. CHAR up today in down market on decent volume. Would not be surprised if CHAR will soon make announcement that they are producing oil. Soviets drilled 22 wells and never produced; CHAR reentered and produced 600 barrels per day from one pay zone w/o drilling. Could this happen with AIPN in order to establish initial production w/o drilling but use workover rig? Any comments?

To: DRRISK who wrote (6577)	1/9/1998 5:02:00 PM
From: DEER HUNTER	Respond to of 11888

Friday January 9, 12:49 pm Eastern Time Caspian oil line group says close to construction MOSCOW, Jan 9 (Reuters) - The $2 billion Caspian Pipeline Consortium (CPC) has received positive reviews from a number of Russian expert groups, taking it closer to its construction phase, the CPC said in a statement on Friday. The 1,600-km (1,000-mile) route from Kazakhstan to the Black Sea crosses a swathe of Russian territory. A Russian expert board and the government construction committee's main expert group gave positive responses to CPC proposals, as did the state environmental committee and central department on fishery laws and expertise. ''The positive review by the expert groups was the best New Year's gift for us all,'' said Vladimir Stanev, general director of CPC-Russia, the name of the Russian arm of the project. ''We have effectively completed the process of agreement and approval of the project's investment basis and now we can concentrate on construction development,'' he added in the statement. The CPC said construction could begin once the final route was chosen. But agreements from the various expert groups meant that the consortium was now in a position to order materials. Stanev was not immediately available to give any additional comments on the progress of the CPC, which is already facing delays from original targets set when the consortium was officially formed in May, 1997. Officials at U.S. oil major Chevron Corp (NYSE:CHV - news), the largest single shareholder in the project with a 15 percent stake, said then that construction was expected to begin in early 1998, with the line completed around September 1999. The completion target was soon moved back several months to the end of 1999, and the CPC statement said the line would not be ready until 2000. ''The construction will begin in 1998 and will be completed in the year 2000,'' it said, giving no further details. The pipeline is designed to link Kazakhstan's giant Tengiz oilfield to Russia's Black Sea oil export outlet of Novorossiisk, and may also carry crude from other Kazakh and Russian deposits. It is expected to pump up to 67 million tonnes (1.34 million barrels per day) of crude oil annually by 2014, and will be key to de-bottlenecking huge oil reserves located in the Caspian region. LUKARCO, a venture between Russia's biggest oil producer, LUKoil (LKOH.RTS) and Atlantic Richfield Co (NYSE:ARC - news) of the U.S. has a 12.5 percent stake in the CPC consortium. Rosneft-Shell, joining Russian state oil firm Rosneft and Royal Dutch/Shell (RD.AS)(quote from Yahoo! UK & Ireland: SHEL.L), holds 7.5 percent of equity, as does Mobil of the U.S. (NYSE:MOB - news). Italy's Agip SpA (AGIP.CN) and British Gas (quote from Yahoo! UK & Ireland: BG.L) each hold 2.0 percent, and Oryx Energy Co (NYSE:ORX - news) of the U.S. and Kazakh Oil each have 1.75 percent. Russia owns 24 percent, Kazkahstan 19 percent and Oman seven percent. DH