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

To: qdog who wrote (7460)	2/19/1998 12:20:00 PM
From: cite	Read Replies (2) \| Respond to of 11888

HERE IT IS! (Or is it? QDOG HELP US!) NEW YORK--(BUSINESS WIRE)--February 19, 1998--American International Petroleum Corporation (NASDAQ:AIPN), today announced that it has received an extensive petrophysical evaluation of the well logs conducted on the Chikuduk Well No. 1 from ResTech, a Houston-based reservoir engineering firm. The well is located on the northeastern flank of the Chikuduk structure identified by a single seismic line. The ResTech analysis indicated that the interval of interest is between 2,885 - 3,000 meters with a net pay of 147 feet, a maximum effective porosity of 30%, an average porosity of 14.1%, and an average water saturation of 52.6%. "Based on our interpretation," ResTech's report concludes "hydrocarbon production should be expected within the upper Jurassic section from 2,885 to 3,000 meters." "We are pleased that our initial optimism of the reservoir quality and net hydrocarbon column in this area of the Chikuduk structure has been confirmed by this evaluation" stated the Company's Chairman, Dr. George N. Faris. The company said its seismic subcontractor, Geotex, has completed recording the first seismic line, 32km long, which is currently being processed. Geotex is now beginning to record the second line. The data recording is now progressing at a normal rate and the company should have a preliminary idea of the shape and size of the structure within the next few weeks, barring any severe weather conditions. 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 Corporation is engaged in oil and natural gas exploration in Kazakstan and refining in Louisiana. CONTACT: Millennium Holdings Group, Inc. Wall Street Associates (561) 988-2334 www.millenniumholdings.com e-mail mhgi@bellsouth.net

To: qdog who wrote (7460)	2/19/1998 11:57:00 PM
From: taxikid	Read Replies (2) \| Respond to of 11888

i think asia will definitely hurt us... in many ways, but repercussions may not be felt for quite some time... this "buy the dips" stuff... has coagulated stupidity to new highs, as evidenced by the market action. i am gonna continue to play hit and run.., it is safer and less time consuming. i am learning all kinds of www related programming stuff, as well as getting afew synegistic privately held co's and partnerships together.... I will be around, as i hafta find out what the story w/ aipn is! taxi