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

To: Tom Genna who wrote (7812)	3/18/1998 10:01:00 AM
From: Terry Jackson	Read Replies (1) \| Respond to of 11888

I'm puzzled as to why AIPN would invest in another company, even though they have"proven" reserves. It might have been better if they had spent that cash on developing their own "potential reserves" which we have been given to expect do exist. Is George playing games again?

To: Tom Genna who wrote (7812)	3/18/1998 10:11:00 AM
From: Laserbones	Read Replies (3) \| Respond to of 11888

Makes me wonder why the co is looking for 30 million barrels proven elsewhere while they're supposedly sitting on several billion barrels in Kasakhstan. Are we to expect aipn to burn cash not only on Kasak exploration but also getting these other sites up and running? Maybe that bayou refinery will start pumping out asphalt with a high [Au] content. 16 wells pumping out 6,000 bopd doesn't seem like the proverbial cash cow, IMO. I also wonder how long it will be before we can see any actual production. Has Kasakhstan been found to be not so great after all by aipn? Just some questions for thought, Greg