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

To: Laserbones who wrote (6781)	1/19/1998 9:41:00 PM
From: John R Resseger	Read Replies (1) \| Respond to of 11888

Whats with these $5m oil wells. Load up the truck get Jetro and his gun and get some vacum trucks to suck it up. There is one well over there just bleedin up from the ground I thought. Sold some at 4 7/16 Friday with E Sch Had to take the family to the movies.

To: Laserbones who wrote (6781)	1/19/1998 10:12:00 PM
From: qdog	Read Replies (3) \| Respond to of 11888

My you are a chatter box!!! Are you aware of any situations where a company (not a major) released results of an ongoing seismic study and the results were presented negatively? Not sure I understand the question. Siesmic isn't an exact science; it is a tool used to identify possible area's that demostrate characteristics that could contain the proper elements to justify exploratory investigation. My, that has a couple of fingers full. From the resultant interpretation they deduce that there is a likihood that possible reserves lie within that formation. They have identify in the old siesmic such scenario's and a well that blewout heightens the fact that it is possible for returns or commerical quanities to exist. The question is, in how much recoverable quanity and at what flow rate? The new siesmic will identify more precisely and confirm the existing data, but it won't precisely tell you quanity or flow rate. It's a tool, not an oracle or crystal ball. I stated a couple of times, oilpersons (being PC here) are eternal optimists. There is always oil there, they can smell it. Drilling it and finding it is another matter, but they always believe it to be true or highly possible. As to releasing data to possible JV's; they will have to or everyone will tell them to explore it themselves. Time is on all those that choose to wait it out, but the clock is ticking for AIPN. They have requirements and obligation per the terms of the lease. The big boys won't go broke becasue they don't deal with AIPN. Can AIPN say the samething???