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

To: anyer who wrote (7378)	2/13/1998 5:10:00 PM
From: Millennium	Respond to of 11888

FOR IMMEDIATE RELEASE: New York, New York, February 13, 1998...American International Petroleum Corporation (NASDAQ:AIPN), today announced that the period during which the Company's Class A Warrants will be exercisable has been extended from March 1, 1998 through the close of business April 9, 1998. The terms of such Class A Warrants, which are traded on the NASDAQ National Market System under the symbol "AIPNW" are set forth in a Prospectus dated January 15, 1998, a copy of which may be obtained from Bankers Trust Company (1-800-206-0254). American International Petroleum Corporation is engaged in oil and natural gas exploration in Kazakstan and refining in Louisiana. Millennium Holdings Group, Inc. / Wall Street Associates (561) 988-2334 Fax (561)988-0815 www.millenniumholdings.com E-Mail mhgi@bellsouth.net Happy Investing

To: anyer who wrote (7378)	2/13/1998 6:40:00 PM
From: Sycamore	Respond to of 11888

Anyer, Nice move on SEV today. 4 points plus in a day, wow! Hope benefit from it. You'll never know GF may be listening. The 40 days extension on the warrants should be very good for current holders. Went back to my old newspaper to check the price of the warrants with 60 days time premium to go and here is what I've found: Closing Prices on January 2, 1998 Warrants : $1 5/8 Stock : $3 1/2 Warrants expire March 1, 1998 (56 days before expiration) Compare to: Closing Prices today, February 13, 1998 Warrants : $1 1/32 Stock : $4 1/16 Warrants expire April 9, 1998 (55 days before expiration) Now that the extension is announced, assuming history repeats itself, we could probably expect the warrants to trade higher from here. Enough to recover my warrants paper losses with some side bonuses perhaps. Nice move on both the warrants and the stock today! regards, sycamore

To: anyer who wrote (7378)	2/14/1998 11:55:00 AM
From: DRRISK	Read Replies (1) \| Respond to of 11888

Anyer, The cupboard is not bare at Aipn, they have money. The run at the close on Friday makes me think that news is coming. They will drill only if the JV deal demands proof. This company does not like to drill. To me that is fine and I believe the recent Kasakstan decision to freeze any deals going forward until they consolidate their present situation is very bullish for the Company. The ability to barter now is even stronger. If Iraq blows which seems likely, Caspian oil is even more important. I do not see how AIPN can screw this up. When the seismic is finally reported the JV will only salivate more and the Freeze is perfect for AIPN regarding this. Aipn wants the best and safest deal for this once in a lifetime asset. We will see a last frantic effort to move the stock before the warrant expiration. I hope that they can not mobilize the common before that because they will then extend the warrants (IMHO). Failing that we get a call on expiration with the premium at the price paid for warrants plus whereever the frantic next week leaves us. If they get stock to $7+. The warrants expire with a $3.00 premium minus price that you paid and we get redemption and less dilution because those who own warrants at high let them go. I believe the high for the year was almost $4. The deal between $7 and $4 on common is the same but numbers incrementally favor less dilution and less redemption. The scenario will be finished soon and I see no other routes. The Company wants the money but the delays have cost them opportunity. Nonetheless, that is how I see it. For me I want extension or I have to get out my calculator and do the math if we get a run over $5. Where is Taxi Kid when you need him? DrRisk: loaded up on common at price under four on this recent weakness 14K in trading account. Good luck all, this next period before March 1 should be interesting.