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

To: Hunter who wrote (8046)	4/1/1998 2:05:00 PM
From: Marty B	Respond to of 11888

There are two pieces of info in the release that were disappointing. Point one - All along the company had indicted it was a single large structure - now it appears it is two structures next to each other. This reduces the potential reserves present. Second (and more important in my mind) is that they released the numbers as BOE not BOO. This means the reserves include GAS as part of the total and gas does not have any significant use in that area right now. No way to get it to market and no real market either. And we have no way of knowing how much of the total is due to gas reserves.