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: James A. Cole Jr. who wrote (9367)	12/29/1998 12:15:00 PM
From: DEER HUNTER	Read Replies (1) \| Respond to of 11888

Tuesday December 29, 11:43 am Eastern Time Company Press Release American International Petroleum Completes Drilling Altai No. 1 Well NEW YORK--(BUSINESS WIRE)--Dec. 29, 1998--American International Petroleum Corporation (NASDAQ-NMS: AIPN - news) announced today that it has completed drilling Altai No. 1 well which reached a total depth of 955 meters. The well has been logged and cased. The preliminary log interpretation indicates good gas saturation in a 17.7 meter (58 feet) interval in the upper Eocene formation at a depth of 618 meters to 635.7 meters with average porosity of about 22%. The Company is preparing to test the well and will announce the test results upon completion. 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 the Republic of Kazakstan, and in refining, marketing and transportation of its refined products in the United States. The matters discussed herein are forward-looking statements. These statements involve risks and uncertainties, such as timely availability of products and services, as set forth in the Company's filing with the Securities and Exchange Commission. These risks and uncertainties could cause actual results to differ materially from any forward-looking statements made herein. ------------------------------------------------------------------------ Contact: American International Petroleum Corp., New York Michael Dodge, 212/688-3333 www.aipcorp.com