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


To: BamaReb who wrote (7286)2/9/1998 2:18:00 AM
From: taxikid  Read Replies (1) | Respond to of 11888
 
a billion barrels recoverable, legally in CA..
{without greenpeace buggers scaling fences and causing havoc}
is worth 100-1000 times more than the sulfuric,land locked possibly
unrecoverable similar "potential" in a corrupt foreign land..
but since the permabulls are down... i may buy a few shares.. plus within 2 weeks {real 2 weeks} saddam may have a problem and the oil price per bbl may turn around~ rapidly.. especially compounded with buffetts interest in other commodities.. oil may jump..
i am not buying any oil futures... may buy a small pile of select shares though..
taxi



To: BamaReb who wrote (7286)2/9/1998 4:50:00 AM
From: Ditchdigger  Respond to of 11888
 
Bama<I know that California is a far cry from Kaz, but AIPN is thought to have 1.1 billion in the smaller structure. Upside still is
huge.> Do you honestly believe this is relevent? Do you think the costs will be the same,bringing each of these potential fields to bare fruit? Apples and oranges my friend...DD (not trying to flame-IMO, there can be no comparison drawn.)



To: BamaReb who wrote (7286)2/9/1998 8:23:00 AM
From: qdog  Read Replies (1) | Respond to of 11888
 
BR there is one huge difference between Elk Hill and AIPN. Proven reserves. Elk Hill isn't "believed" to have oil; it does have that amount of oil. That is why it has a $3.50 pboe attach to it. It is also drilled to a certain extent. Pipeline exist to it. This was own by the DoE and part of the strategic reserve of the US government.