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

To: cite who wrote (7235)	2/5/1998 8:08:00 PM
From: Sycamore	Read Replies (1) \| Respond to of 11888

Wavetech main work done months ago on Begesh claimed to have contained more than a billion barrels of oil, before working on Chicuduk. Is it done? Where is it????????? American International Petroleum Corp. retains Wavetech Geophysical for Processing and Interpretation of Seismic Data on its Kazakstan Block BusinessWire, Monday, September 22, 1997 at 12:56 NEW YORK--(BUSINESS WIRE)--Sept. 22, 1997-- Company to Begin Seismic Program Acquisition in November American International Petroleum Corp. (NASDAQ NMS: AIPN), today announced that it has contracted Wavetech Geophysical Inc. of Denver to provide technical support in the development of the exploration work program under its License No. 953 in the North Uysturt Basin, Kazakstan. Wavetech will provide support for technical analysis in the areas of geophysics, geology, and petroleum engineering. The firm will provide highly skilled technical staff to complement the company's local Kazakstan personnel. Seismic data processing and interpretation will also be provided under this agreement. Wavetech was selected because of its experience in CIS and Russian projects supported by its subsidiary office in Moscow, and its ability to provide highly skilled multilingual technical personnel with state of the art exploration and evaluation technology resources. Development of the License database has begun and the initial seismic lines are being reprocessed for orientation of the seismic program and selection of possible drilling sites. The company will mobilize a survey crew in October to begin work to lay out the initial 1250 kilometer seismic program, which is expected to begin by November 1997. Preliminary discussions have been held with potential drilling contractors and work on the first well is now scheduled to begin late first quarter or early second quarter of 1998 depending on rig availability. The above statements are forward-looking and are based on estimates and current expectations. They involve certain risks and uncertainties detailed from time to time in the company's SEC reports. Actual results may differ materially. American International Petroleum Corp. is engaged in oil and natural gas exploration in Kazakstan and refining in Louisiana. CONTACT: Wall Street Associates/Millennium 561/988-2334 KEYWORD: NEW YORK LOUISIANA INDUSTRY KEYWORD: OIL/GAS ENERGY UTILITIES Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1997, Business Wire