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

To: Alan who wrote (7511)	2/22/1998 9:46:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 11888

Alan, I was under the impression that at this point in time, AIPN does not have a single barrel of oil in the "Proven" category. I am not sure I understand how the figures you posted are arrived at from a "faulty" log in a "faulty" well. Zeev

To: Alan who wrote (7511)	2/23/1998 8:32:00 AM
From: qdog	Read Replies (1) \| Respond to of 11888

Based on what? Analysis of a well drilled by the Russia's that Oliver states isn't exactly in the best shape for analysis. Here is a real novel idea; go back to the well and flow test it. I generally agree with fireants assessment about "oil in ground" or proven reserves to those that actually are recoverable. However, based on the limited and as Oliver stated, distorted data, you might be reading too much into it. Have they determine the extent of the structure has of yet? They are doing only 2-D as opposed to 3-D seismic. AS I have maintain this since the very beginning; spud a well and turn it to the right. Then we get a more clear picture of the amount of oil that is there. Flow test the well and tell me what an average well can produce in one day. If it's 750 bbls, then it ain't so good; if it's 7500 bbls that is much better.