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To: Ray who wrote (9703)	4/5/1999 2:38:00 PM
From: bobgh	Respond to of 11888

U.S. government plans unique Caspian investment "roadshow" ---------------------------------------------------------------------- Monday April 5, 2:07 pm Eastern Time U.S. government plans unique Caspian investment "roadshow" NEW YORK, April 5 (Reuters) - The United States will send seven of its ambassadors on a unique three-city ''roadshow'' later this month to promote American business interest in the countries sorrounding the Caspian Sea, part of a long-running campaign by the Clinton Administration to pursue its foreign policy goals in the region. U.S envoys to Turkey, as well as the Soviet republics Azerbaijan, Georgia, Kazakhstan, Turkmenistan, Uzbekistan and Armenia, plan to meet U.S. businessmen on a tour of New Orleans, New York and Washington D.C. in late April and early May. Richard Morningstar, President Bill Clinton's special adviser on Caspian energy diplomacy, will join the discussions on the New York leg of the tour, the organizers said. ''This first-of-its-kind tour will offer U.S. companies a unique opportunity to meet American ambassadors to the region and their senior commercial officers,'' the U.S. Trade and Development Association (TDA), an independent government agency planning the events, said in a statement. TDA, based in Washington D.C., said American businessmen will be briefed on the latest project developments in the Caspian and can discuss specific interests in one-on-one meetings with the senior officials. The diplomats' tour will take place after a visit to Washington by Azeri President Haydar Aliyev on April 20. Aliyev is expected to sign two Caspian exploration deals with U.S. oil companies Exxon Corp. (NYSE:XON - news) and Mobil Corp. (NYSE:MOB - news), worth about $4.5 billion. Azerbaijan already has penned similar deals worth between $40 and $50 billion. U.S. Department of Energy has estimated that the Caspian has proven oil reserves of up to 32 billion barrels, with probable reserves of 163 billion barrels, while natural gas reserves are up to 337 trillion cubic feet. However, oil experts have said Washington has overhyped the region's energy importance. They say although the basin has sizable oil and gas resources, they are nowhere near those of the Middle East and are more difficult and more expensive to get at. With the recent collapse in oil prices, many oil companies have pulled out of the region. The U.S. government has taken an unusually high profile in promoting oil development in the region, especially its backing for a major export pipeline which would run from the Azerbaijan capital of Baku through to the Turkish Meditarranean port of Ceyhan despite the high cost of this route compared with export routes via Russia and Iran, which the U.S. opposes on political grounds. On their tour, the seven diplomats will discuss plans for regional infrastructure development ''as it relates to the (oil and gas) pipelines and ancillary projects,'' TDA said. Listing some projects it helped plan, TDA cited Armenia water projects, hotels in Georgia, Kazakhstan oil and gas infrastructure, Turkmenistan gas pipeline and Uzbekistan agribusiness. The agency said it will continue to give feasibility study funding and technical assistance to the governments of the Caspian basin as they plan the development of their energy reserves. The tour's two other organizers, the Overseas Private Investment Corporation (OPIC) and the Export-Import Bank, will offer insurance coverage or financing to eligible U.S. investors and firms. --------------------------------------------------------------------- biz.yahoo.com

To: Ray who wrote (9703)	4/5/1999 3:15:00 PM
From: DRRISK	Respond to of 11888

Ray, Appreciate your input. Welcome to the last bastion of civil discourse on AIPN. LoL. DrRisk

To: Ray who wrote (9703)	4/5/1999 10:12:00 PM
From: DEER HUNTER	Respond to of 11888

well.....I'll take a sedative....sort of speak.... and only post when I have something of a positive bent to add to the board. So...umm...I guess you won't hear from me very often....knuck knuck knuck....that was my 'other' Curly imitation. lol..... sigh....I have lived through what I thought was the best of AIPN's AGGRESSIVE strategies. I would welcome another.....please..sir...may I have another? Ahhh...come on....pretty please....with sugar on top? Not bloody likely... DH.....you lose...get used to it you....you....'knuckle head' you. I will welcome you to the board though Ray....I think you have a better chance at a profit in this stock if you bought it recently compared to the majority of us who bought during the 'bull' market. I'll be around....lurking...watching...waiting. Hey DR....where's Shemp? Yours truly....DH