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: David Szymczak who wrote (8180)	4/6/1998 1:39:00 PM
From: qdog	Read Replies (1) \| Respond to of 11888

One way conversation. Talks about the K-stan, Russian and refinery, plus the financing and then the screwing of warrant holders. To paraphrase GF; "We were disappointted by the action of the stock and felt that the warrants were the reason for the stock not moving." So the board decided two days ago not to extend them.

To: David Szymczak who wrote (8180)	4/6/1998 1:46:00 PM
From: Marty B	Read Replies (1) \| Respond to of 11888

Just a quick response - not a lot of new info. Refinery should be profitable by year end and will act as cash cow to support exploration. Looking for more facilities such as St Marks to act as terminals. Refining will be done in Lake charles. Hope to drill a well in Chik in the 3rd or 4th qtr Hope to have russia in production by year end They have asked HUddleston to evaluate the gas reserves in the Chik shallow zone. The carboniferous zone is age similar to the Tengiz area. It is thicker than the Jurassic (where the reserves are from currently in CHIK) Hop eto have a JV in the near future. Several meeting have been st up They feel the proven reserve numbers in Russia will increase as a result of the re- evaluation of the info Warrants wil not be extended They have $52 MM in debt and equity financing arranged (can you spell dilution?) and that gives some working capital