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

To: qdog who wrote (7673)	3/10/1998 11:53:00 PM
From: taxikid	Respond to of 11888

qdog.. what's up.. have you been reading the posts against my stock trades? got slammed in two stocks.. elnk, and eggs... made the bulk back in amzn and some other stuff.. i have not been day trading too much.. been concentrating on taxes and taxis and such. be well.. maybe i will buy a few thou shares to hold.. i dunno

To: qdog who wrote (7673)	3/11/1998 5:16:00 AM
From: Ditchdigger	Read Replies (1) \| Respond to of 11888

Tuesday March 10, 2:46 pm Eastern Time Company Press Release Nevtah's Caspian Sea Oil Project Update PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--March 10, 1998--Since the collapse of the Soviet Union in 1991, the vast oil deposits beneath the Caspian Sea have become a major focus of interest by oil companies around the world. The United States prizes the region as an alternative source of reserves; Russia regards the Caspian as its own strategic reserve and other countries such as China, Turkey and Iran all have a high degree of interest in having a stake in control of the oil. A think tank based in London estimated that there is approximately 65 billion barrels of recoverable ''Sweet Crude'' proven oil reserves beneath the Caspian Sea. The latest US Government estimates show there is over 100 billion barrels of reserves. Current industry estimates put total reserves in the Caspian at as much as 200 billion barrels -- more than any region outside the Persian Gulf, which is estimated to have about 670 million barrels of oil. Industry giants such as Amoco, BP, Chevron, Esso, Mobile and Unocal to name just a few have all been attracted to this area. At the centre of all this activity is Baku, the once run down capital of the Azerbaijan Republic. Baku is now booming; the city has undergone a complete transition with urban renewal throughout the entire city. In a company press release dated Aug. 6, 1997, Nevtah announced that it had entered into a Joint Venture agreement to acquire an 80% interest in an Oil & Gas play which includes a production sharing arrangement on the development of the Siezen Monocline oil field on the shores of the Caspian Sea. A memorandum of agreement is in place and all the groups in the Joint Venture have reviewed a proposed contract from the State Oil Company (SOCAR) of Azerbaijan. This contract has been in the process of being refined for several months and management of Nevtah feels it should be concluding the contract over the next two or three months. This field has been producing since the 1940's and preliminary studies by independent consultants estimate potential recoverable reserves of over 100 million barrels of oil, including the use of secondary recovery methods. As Nevtah's revenues increase from its initial production and sales at Borchers No. 1 (as previously announced) to the expected production from its other Texas and Tennessee Oil & Gas leases, the company will be in a solid position to take advantage of its promising Caspian Sea play. Thought this might be of interest to you fellas..DD Nevtah Capital Management Corp. is a junior Oil & Gas production/exploration company with experienced management whose corporate philosophy is to obtain oil and gas leases which contain existing proven reserves and production that hold excellent probabilities to expand production utilizing secondary recovery methods. This should result in strong revenues without requiring excessive capital expenditures.