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


To: DEER HUNTER who wrote (9514)2/22/1999 2:04:00 PM
From: Blayton  Read Replies (1) | Respond to of 11888
 
What exactly does it mean to win a tender? <eom>



To: DEER HUNTER who wrote (9514)2/22/1999 8:34:00 PM
From: Razorbak  Read Replies (1) | Respond to of 11888
 
<<the market is still unimpressed......yawn...stretch..where are the details to this deal?>>

Deer: All the relevant details that investors need to know are actually in the press release itself. (See words in bold below.)

<<Fifty-eight gas wells, which are currently shut-in, have been drilled to delineate the 200,000 acre gas field.

The Company anticipates signing a license agreement with the Kazakhstan government for 100% ownership of the Shagyryl-Shomyshty field very shortly and will provide additional details concerning the license at that time.

The Shagyryl-Shomyshty field, discovered by drilling in the area from 1966-1969, is located in the North Usturt Basin adjacent to the northeastern portion of the Company's License No. 953, and approximately 40 miles north of the Altai No. 1 gas well recently drilled by the Company on the Chikuduk structure.>>

What more do you need to know? AIPN isn't going to take a non-commercial gas play that has been known about for 33 years and suddenly start producing positive cash flow, is it? I'm surprised the stock didn't fall after hearing such nonsense.

JMO of course.

Razor