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

To: BamaReb who wrote (7426)	2/18/1998 11:59:00 AM
From: taxikid	Read Replies (1) \| Respond to of 11888

reb.. what was i yapping about? the kaz govt.. can they be held accountable? and to whom? regards taxi

To: BamaReb who wrote (7426)	2/18/1998 12:31:00 PM
From: Sycamore	Read Replies (1) \| Respond to of 11888

Bamareb, Thanks, the effort is appreciated. Just have one observation. From reading the links it appears that other company uses 20% as the benchmark for estimating potential recoverable reserve in that area of the world. If 20% is conservative, then perhaps you'll agree with me that the 1.1 billion potential recoverable estimated barrels that AIPC had reported earlier based on the 15% recovery factor is even more. I wonder if 20% is the standard that majority of the big companies who do business in Kazakstan use as well. Please see extracted portion from the links you have provided below: "<<Douglas Biles, the Company's Chief Executive Officer, commenting on the acquisition stated, "The Kamenistoye field has oil in place of approximately 160,000,000 barrels based on a recovery factor of 20%, which may prove to be conservative.">>" regards, sycamore