Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: cite who wrote (7465)	2/19/1998 1:15:00 PM
From: DRRISK	Read Replies (2) \| Respond to of 11888

Wheres that dog when you need him? DrRisk

To: cite who wrote (7465)	2/19/1998 1:43:00 PM
From: JT	Read Replies (1) \| Respond to of 11888

Important Points To Note ... First, it was nice to at last begin to see the real facts regarding the concession, and Chikuduk in particular. I expect that the next few weeks will be very telling indeed on how our positions do, long or short. My read on today's news ... 1) This was the evaluation of the Soviet well logs for the No. 1 well located on the Chikuduk structure. 2) ResTech's interpretation states "hydrocarbon production [KEY word is production] should [another KEY word] be expected within the upper Jurassic section from 2,885 to 3,000 meters". The details regarding net pay, porosity, etc are beyond my expertise; however, "upper Jurassic" at 3,000 meters is not a deep well IMO. This may mean lower drilling costs for AIPC. Maybe QDOG can enlighten us on the specifics of the well log evaluation? 3) Dr. Faris is "pleased that our initial optimism ... has been confirmed by this evaluation". I would be pleased also, if I had 1.7M shares of AIPN (valued at roughly $6.8M), even after cashing in about 250K shares for a cool $1M, and knowing that there is a strongly likelihood of oil "in them thar hills". Yes, "pleased" is the would I would use. 4) Geotex has finally completed the recording of the first seismic line over the Chikuduk structure - about 32Km long. In addition, the data is being "processed" as we speak. The second line of seismic recording is beginning. Should get a preliminary size of the structure "in the next few weeks, barring any severe weather". Sounds like a little more patience (and good weather) is needed, IMO. That's it. Overall, my gut says this news is a start in the right direction. The longs need to have more patience, and the shorts should think about covering on the next few dips. Regards, JT