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

To: DRRISK who wrote (9353)	12/15/1998 1:47:00 PM
From: Manfred	Read Replies (1) \| Respond to of 11888

GF should leave. We have a tremendous opportunity here, I don't want to see it spoiled by GF. Let a better one drive our company. Manfred

To: DRRISK who wrote (9353)	12/15/1998 9:37:00 PM
From: DEER HUNTER	Respond to of 11888

Must be tough working in Kazakhstan...... pretty wild over there. Tuesday December 15 12:17 PM ET UN Urges Help For Kazakh Nuclear Site ALMATY (Reuters) - More than 500 explosions linked to nuclear testing have left Kazakhstan needing international help to cope with destroyed agricultural land and ecozystems and increased cases of cancer, a U.N. report said Tuesday. Calling for help to clean up an area used for decades of nuclear testing, the report said: ''The explosion of over 500 devices within the polygon profoundly damaged the communities in the Semipalatinsk region, which even today face a complicated web of hardship.'' A joint United Nations-Kazakh mission visited the remote region for two weeks in June to assess the impact of the tests on the area in and around its military site. The mission found that agricultural land and ecozystems had been destroyed, with many sites remaining contaminated with radioactive elements. Those areas still represented a risk to people. Cases of cancer had risen in the region and circulatory, digestive and respiratory diseases had put a huge strain on the region's already under-equipped medical services, said the report, a copy of which was obtained by Reuters. Semipalatinsk, long isolated from the outside world during and after the Cold War, depended heavily on the military for its wellbeing. The collapse of the Soviet Union and abrupt closure of the testing ground wreaked havoc with the local economy. The U.N. report urged Kazakhstan not to ignore the crippled region, adding that local small and medium-sized businesses could be aided by greater access to loan facilities. In the short-term, food and medical supplies were urgently needed, it said. The Semipalatinsk region is one of several in Central Asia still bearing the scars of rapid Soviet military and economic expansion. Moscow, by ordering the monoculture of cotton production in Uzbekistan, caused the Aral Sea to shrink over the last 30 years, triggering deep social and environmental hardship in adjacent regions.

To: DRRISK who wrote (9353)	12/22/1998 1:02:00 PM
From: BamaReb	Read Replies (1) \| Respond to of 11888

American InternationalPetroleum Updates Drilling Progress of Altai No.1 Well in Kazakhstan December 22, 1998 12:36 PM NEW YORK--(BUSINESS WIRE)--Dec. 22, 1998--American International Petroleum Corporation AIPN today announced its Altai No. 1 well in Kazakstan has reached a total depth of 919 meters, thus completing the Company's minimum work program obligation for the contract year 1998. A 14 meter drilling break was encountered at the top of the Eocene Tasaran horizon at 643 meters and continued to 657 meters. This interval corresponds to the mapped seismic anomaly of the 253,300 acre Altai gas feature estimated to contain potential recoverable reserves of 737 billion cubic feet. The Company is encouraged by the presence of gas encountered during drilling. Current plans are to log the existing hole as a conservative measure before deciding to continue drilling to the next exploration target at 1,100 meters. Logging results will be announced shortly. Altai No. 1 is the first well to be drilled by the Company on the Altai seismic anomaly, estimated by independent consultants to have the potential of containing 737 billion cubic feet of gas. Altai No. 1, located about 140 miles south of Aktubinsk, is being drilled on the largest of eight seismic anomalies identified by the Company's recent seismic program over the area, and will complement the results of six other wells previously drilled on the anomaly. American International Petroleum Corporation is a diversified petroleum company which, through various wholly owned subsidiaries, is involved in oil and gas exploration and development in Kazakhstan, and in refining, marketing and transportation of petroleum products in the United States. Statements herein may be identified as forward-looking for purposes of safe harbor provisions under Section 21E of the SEC Act of 1934. Such statements relating to the Company's future business are subject to risks and uncertainties that could cause actual results to differ materially from those statements, and other risks and factors, identified in the Company's SEC filings.