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: BamaReb who wrote (7473)	2/19/1998 10:00:00 PM
From: Andrew T	Respond to of 11888

got me came out of nowhere

To: BamaReb who wrote (7473)	2/19/1998 10:02:00 PM
From: Laserbones	Respond to of 11888

As it was pointed out by JT, this news release concerned what appears to be well log data. I'm not sure it is Soviet, since the Kasak gov itself also directed wells to be drilled at Chikuduk. This information is not part of the ongoing seismic program, but much older data from an actual well site. Qdog should be able to give us a clearer understanding of the numbers, but let me try my 2 cents worth: 3000 meters is getting toward 2 miles down. Certainly not the deepest well, but it's not right at the surface either. Call it a nothing out of the ordinary depth. The pay zone @ 140 feet may or may not mean that oil\hydrocarbons in commercial quantity are here. The average porosity is okay. The water number is sort of on the high side, but there are lots of commercial wells with high water numbers. An example: Fill a large glass cylinder closed at the bottom with 1/2 water, 1/4 oil, and 1/2 sand. Shake the cylinder and allow the contents to settle. After the system has reached its lowest energy state, the following should be expected...water is at its highest concentration toward the bottom with the oil eventually coming toward the top of the column. The deeper into the contents a sample is made, the higher the water content. The shallower, the greater the oil. The pay zone would be the area in which oil is sampled at higher concentrations, or an area toward the top of the cylinder. In the real world, the cylinder would be the geological trap containing the suspected hydrocarbon producing strata. The pay zone would be an area of thickness that yields hydrocarbons. Things can get complicated since the same geological trap my actually have multiple pay zones separated by layers of low permeability. My bottom line on the news is it is interesting, but still not earth shattering information by any means. Greg

To: BamaReb who wrote (7473)	2/19/1998 11:17:00 PM
From: hoosier bob	Read Replies (1) \| Respond to of 11888

Bama, Also confused, don't understand the high volume, but low move in price. We need the dog's opinion on this info. I am really puzzled by the G.F. sell and the "explanation". I am not an expert on this subject, but the 'insider restriction' does not ring true to me. On this we need maybe a cabbies opinion. help. Overall, it seems like this news can only be more positive than no news!! Still long and burned, GO Hoosiers, Bobb

To: BamaReb who wrote (7473)	2/20/1998 7:34:00 AM
From: qdog	Respond to of 11888

OK, this is just based on this PR release. What a horrible release in the way things are stated. Out of the clear blue, a well is evaluated by a resivior engineer firm. Who drilled it? When was it drilled? You think that AIPN and Mill. would take the time and about two or three prargragh's to explain this?? I suppose, this is one of the wells the Russia's had drilled. 147 ft at around 9000'; that sounds about right for this region. Porosity figures OK, but if you went this far with a well, why not open hole flow test it. Was that done? Hmmm 52% water?? Seismic has just done 32 KM line? They must of had some difficulties mobilizing and logistical problems. Would have thought they would have had at least two or three lines shot by now; oh well, that's the patch. In summary, details are really lacking and some what confusing. It's taking time (which I was called names for) and probably means that a first well wouldn't be drilled until deep into the 2nd Q. More of this kind of news will be forthcoming I reckon in the weeks ahead. Sorry this is a bit short but I got to hit the road. If any call Mill or AIPN, ask some of the question above.... mas tardes...