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

To: philip TESORIERO who wrote (7155)	2/3/1998 9:40:00 AM
From: taxikid	Read Replies (1) \| Respond to of 11888

9900 warrants... wow! like $20k cash american? big buy! {sorry for the sarcasm~ it was needed} taxi

To: philip TESORIERO who wrote (7155)	2/3/1998 2:56:00 PM
From: John R Resseger	Read Replies (1) \| Respond to of 11888

From edger, old stuff to keep things in perspective. On May 12, 1997, the Company, through its newly organized subsidiary, American International Petroleum Kazakstan ("AIPK"), entered into an agreement with MED Shipping and Trading S.A. ("MED"), a Liberian corporation with offices in Frankfurt, Germany, to buy from MED, in exchange for a combination of cash and stock, 70% of the stock of MED Shipping Usturt Petroleum Ltd ("MSUP"), a Kazakstan corporation which owns 100% of the working interest in a Kazakstan Concession. The Concession is located about 125 miles from Chevron's multi-billion-barrel Tengiz Oil field near the Caspian Sea, and is bordered to the west by both Oryx/Exxon and Amoco licenses and to the south by an ELF Acquitane license. Preliminary, independent, evaluation indicates potential recoverable reserves from 7 structures in the Concession area from Jurassic Age sandstones. Nine additional structures have been identified but have not been evaluated.