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WOO WOO the wizard of WUSS has spoken and prove once again that he is afraid to answer a simple little question and hee does not understand the issues! but this is to be expected from someone who thinks dodge speaks the truth HA HA HA HA and has held aipn from above $7 to .03 goferWUSS you are just the man to teach everybody how to make it in the stock market. HA HA HA HA goferWUSS why not just stick to swapping stock stories your the garbage pickers you work with. HA HA HA HA and since you are unable to figure out what is going on with aipn or our discussion i will give you the idea why you are afraid to answer my question. it was you who told evryone that you had the truth based on what dodge told you HA HA HA HA I have never said whether i believb dodge or not believe him. i haave posted information from dodge but htat is all and never said like you did that dodge tells the truth HA HA HA HA. i have other sources than dodge and you shouldnot assume i am still holding aipn as i have never said that either but your problem is that you wrote the words that you said dodge was telling the truth and that is why you still wont be able to answerr the question i gave you even after i'v posted iit about 5 or 6 times andwhy you are a big sucker who holds aipn from $7 to 03.... Iwill see youu later net week probab;y on tuesday or wednesday but i will say that you will still not answer the question for the 5th or 6th time HA HA HA HA because to answer it will prove too everyone that you are a foolish investor which you record with aipn also proves. How could you be sooooooooooooooooo stupid to hold aipn from $7 to .03?????????? that is about the dumbest move in the market and can you think of how much more moeny you would have if you woul hasve sold at $7?????????? and a;; because you say you believe mike dodge is tellingthe truth HA HA HA HA can you spell LLLLLLLLLLOOOOOOOOOOOSSSSSSSSSSSEEEEEEEEEEERRRRRRRRRRR!!!!!!!!!!!!!!!!!!!!!!!!! DO you ever get the feeling someone is laughing at you HA HA HA HA!!!!!!!!!!!!!!!!! could it be mike dodge HA HA HA HA!!!!!!!!!!!!!!!!!!!!!!!! you are LLLLLLLLLOOOOOOOOOOOOOSSSSSSSSSSSSEEEEEEEEEERRRRRRRRRRR and you writing here will never convince anyone because you say mike dodge tells the truth HA HA HA HA!!!!!!!!!!!!!!!!!!!!!!!!
Posted by: Begesh
In reply to: Golfer who wrote msg# 202 Date:9/27/2002 11:51:18 PM
Post #of 206
GoferWUSS, gotcha!!!!!!!!!!!!!!!!!!!! and you still won't be able to answer!!!!!!!!!!!!!!!!!!! HA HA HA HA!!!!!!!!!!!!!!!!!!
GoferWUSS, still crying away, have you not learned that your place is at www.wuss.com. Probably not because you still think after years that mike Dodge is telling you the truth. Please tell us all another story from Mike Dodge because you have taught us that is the truth. and you never answered this question,
Posted by: Begesh
In reply to: Golfer who wrote msg# 177 Date:9/19/2002 1:50:34 PM
Post #of 189
GoferWUSS, so would you then say that whatever dodge says is the true because that is the basis of everything you have written. Now do you see why no one believes what you write?
GoferWUSS, gotcha!!!!!!!!!!!!!!!!!!!! and you still won't be able to answer!!!!!!!!!!!!!!!!!!! HA HA HA HA!!!!!!!!!!!!!!!!!!
GoferWUSS, still crying away, have you not learned that your place is at www.wuss.com. Probably not because you still think after years that mike Dodge is telling you the truth. Please tell us all another story from Mike Dodge because you have taught us that is the truth. and you never answered this question,
Posted by: Begesh
In reply to: Golfer who wrote msg# 177 Date:9/19/2002 1:50:34 PM
Post #of 189
GoferWUSS, so would you then say that whatever dodge says is the true because that is the basis of everything you have written. Now do you see why no one believes what you write?
GoferWUSS, still crying and lying. CCrying and lying. Rememebr you are to post at www.wuss.com and how does it feel to still be holding this stock up to over $7 and still holding now. I bet it feels real good and it proves just what a great stock picker you are. Yepper, you really know your stocks holding aipn to over $7 and riding it down to the .03s WOOWOO at real stock picking wizard we have here in goferWUSS!!!!!!!!!!!!!!! Please let us have more of your wisdom please call dodge so that we know the turth. HA HA HA HA!!!!!!!!!!!! and you still have not answered this question,
Posted by: Begesh
In reply to: Golfer who wrote msg# 177 Date:9/19/2002 1:50:34 PM
Post #of 189
GoferWUSS, so would you then say that whatever dodge says is the true because that is the basis of everything you have written. Now do you see why no one believes what you write?
GoferWUSS, still crying away, have you not learned that your place is at www.wuss.com. Probably not because you still think after years that mike Dodge is telling you the truth. Please tell us all another story from Mike Dodge because you have taught us that is the truth. and you never answered this question,
Posted by: Begesh
In reply to: Golfer who wrote msg# 177 Date:9/19/2002 1:50:34 PM
Post #of 189
GoferWUSS, so would you then say that whatever dodge says is the true because that is the basis of everything you have written. Now do you see why no one believes what you write?
GoferWUSS, I see you are still crying the blues. You poor poor little baby living in a fantasy world. Bring the little baby a diaper while he plays Professor make-believe in his little make believe world. What a joke you are. If you knew anything about the OTC market you would know what happened. But you can wallow in your misery and ignorance, as I will not be giving you the answers. Watch and learn. You were not even honest enough or was it your DD skills are just that weak to post the truth about investingdd.com but then again you think Mike Dodge always tells the truth. You are a loser and joke. Why don't you call Mike Dodge again so we can all get the truth. HA HA HA HA. You live in a fantasy world. Go cry somewhere else where you fit in at www.wuss.com, the club
Posted by: Begesh
In reply to: None Date:9/27/2002 2:51:03 PM
Post #of 187
http://www.investingdd.com back online Friday October 4th:
"InvetingDD.com is currently undergoing an upgrade! We are adding new features like IGNORE and BLOCK PRIVATE MESSAGES from certain posters. We expect to relaunch InvestingDD.com's discussion area on Friday October 4th. We apologize for the inconvenience and would like to encourage you to use our other features like CHAT and NEWS during the down time."
http://www.investingdd.com back online Friday October 4th:
"InvetingDD.com is currently undergoing an upgrade! We are adding new features like IGNORE and BLOCK PRIVATE MESSAGES from certain posters. We expect to relaunch InvestingDD.com's discussion area on Friday October 4th. We apologize for the inconvenience and would like to encourage you to use our other features like CHAT and NEWS during the down time."
"1400%+ run(s)" from http://www.investingdd.com,
carefulinvestor
Sep 19, 2002, 1:48 PM
Post #9 of 9 (1 views)
Copy Shortcut
Re: [jazoo] spoke with dodge [In reply to] Edit / Delete / Quote / Reply / Private Reply
--------------------------------------------------------------------------------
Something to think about:
For the same percentage gains of the past of about 1400% (approximately .50 to $7) we would now only need to move up to about .70 from the present level!
If drilling starts at CHIKUDUK the speculation alone will probably take us well beyond .70!
Thus, it would seem that more money is to be made in the coming runs than in the smaller 1400%+ run(s) of the past on AIPN.
THINK CHIKUDUK!
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53759
Good times coming for AIPN!
FWIW & IMO
GoferWUSS, so would you then say that whatever dodge says is the true because that is the basis of everything you have written. Now do you see why no one believes what you write?
GoferWUSS our very own professor of fantasy there are so many lies in your post they are not worth responding too. I don't even think you know when you are being suckered or when you are lying to others. You will find out in the days to come and your lies are even now being exposed at http://www.investingdd.com.
GoferWUSS are you buying selling or holding AIPN right now?
CHEVRON, AIPN & KAZ! from rb,
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=56196
By: carefulinvestor
19 Sep 2002, 07:06 AM EDT Msg. 56196 of 56222
(This msg. is a reply to 56161 by carefulinvestor.)
**** CHEVRON, AIPN & KAZ! ****
---
To:Alan J. Levie who started this subject
From: Dr Supple Friday, Aug 30, 2002 3:42 PM
Respond to of 11786
AIPN is a company that has a checkered past - to say the least. I bought in in 1997 and made a lot on the run-up. I also remember that their main territory in Kaz is close to Chevron's Tengiz oil field in the Caspian.
I still think that eventually this company will develop, promote or sell the license they have to these areas to Chevron. We'll see. It's time for the company to act.
From: http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=17938061 (emphases added)
---
What AIPN has in Kazakhstan "develop, promote or sell":
DD on 953 and 1551 from AIPN's website:
American International Petroleum Kazakhstan (AIPK) owns a 100% working interest in License 1551 in southwestern Kazakhstan. The 264,000 acre block contains the Shagyryl-Shomyshty field, which has 1.39 TCF (trillion cubic feet) of gas-in-place as reported in a recent Ryder Scott reserves review. The Ryder Scott report indicated the field to have 604 BCF (billion cubic feet) of technically proved recoverable gas and 514 BCF of probable recoverable gas. The company also owns a 70% working interest in License 953, a 4.7 million-acre exploration block with multiple identified major structures and several target reservoirs.
The Company’s Licenses are about 75 miles southeast of Chevron’s huge Tengiz oil field that is adjacent to the Caspian Sea. Recognized as one of the most prolific oil and natural gas regions of the world, the Company’s concessions are surrounded by major oil companies that include ExxonMobil, BP Amoco, Elf Acqitaine and Japan National Oil Company. Major oil and natural gas pipelines traverse License 953 and are located about 60 miles to the northwest of License 1551.
License 1551
License 1551, the Shagyryl-Shomyshty field has been delineated with more than 50 exploration wells, all of which have been logged and many flow tested. Over 20 stratigraphic/structual control wells were also drilled to obtain specific geological structure information. The Company anticipates drilling four shallow Eocene gas wells, two vertical wells and two horizontal wells, in the field. These wells will be first phase development wells to help define a final development plan. Front-end engineering design for a gas pipeline and field facilities have been completed by Paragon Engineering Services, a leading engineering design and project management firm that is an affiliate of Halliburton Company (NYSE: HAL)
The initial development plan for the project calls for construction of four satellite field gathering stations and a 65 mile 30-inch diameter gas transmission line to a major pipeline, the Srednyaya Azia-Center. The Srednyaya-Azia-Center pipeline system, with a capacity of about 6.5 billion cubic feet per day, is deemed the most cost-effective route for export or domestic sales.
The Company is in discussions with various potential purchasers for the sale of its gas from the field
License 953
License 953, in which the Company owns a 70% working interest, is a 4.7 million-acre exploration block with multiple identified major structures, and several target reservoirs which the Company would like to explore. Management is seeking to partner, joint venture or in some other arrangement, work with another company or entity, or in some combination, to further exploration of the License, especially the Chikuduk Structure located in the northeastern portion of the License.
To facilitate marketing License 953, the single largest oil and gas exploratory block available in Kazakhstan, the Company in April 2001, retaining OilExchange Inc., a leading e-solutions technology provider of data management for the oil and gas industry, to open an online data room. The data room presentation allows oil and gas companies worldwide to review all technical data describing the License at their convenience. The platform allows the delivery of all data needed for property evaluation to any computer platform, done in a fully secure environment, with virtually no bandwidth restrictions.
From: http://www.aipcorp.com/ (which also includes the photo which could not be pasted here).
THINK CHIKUDUK!
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53759
FWIW & IMO
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
GoferWUSS, now I don't kknow if you should be called GoferWUSS or the Professor of fantasy, fiction, fabrication and fairy tales. All the names seem to fit. But keep trying one day you will figure it out though it will probably be after the next couple of big press releases. Try to remember how badly you were fooled when you could have sold at $7 and you did not. Are you be fooled again? Are you making the same mistake over again by getting everything mixed up about AIPN Think about it. You missed your chance once are you going to make the same mistake again?
GoofyWuss you started the name calling so now you are going to have to live with it. you are goofy and you are a wuss so it fits.
YOu are not to smart to if you think I would believe any fairy tales you post on this board about great information from neifhbors and my neighbor told me AIPN may one day go up to $30 or more so you had better believe it fast and start buying every share you can. You are not only goofy and a wuss you are guilible to!
you have provved that you do not know AIPN by holding at $7. were you not listening to your neighbor then? and you won't be buying when you should either.
You poor goofy wuss, you lose again................ Grow up! Get over it! Move on!!!
Updates from http://www.investingdd.com
Re: [carefulinvestor] THINK.........................!!!!
--------------------------------------------------------------------------------
Interesting update from RB:
By: LITALI1245 $$$$
17 Sep 2002, 02:21 PM EDT Msg. 56060 of 56060
(This msg. is a reply to 56058 by mattiegirl0.) MATTIE
What you state is true and also history.--What do we have now?
What we have is a refinery deal to refine 1.8M bbls of crude starting in Q4 if not sooner.--Thereafter negotiate a longer term deal if all goes well.
What we have is almost $5M backlog of asphalt orders which we could start refining in a week or two with the raw asphalt stock on hand.
What we're waiting for is the big refinery deal that they were working on for almost one year and I say again-- maybe soon.
What we're waiting for is JK to go back to Kazkhstan to close any kind of deal.--Probably first week in October.--
which can likely mean the big refinery deal is really concluded with no dotting of the I's or crossing any more T's.
Lit
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=56060
Re: [carefulinvestor] There is more happening within this little company... than just a refinery agreement
--------------------------------------------------------------------------------
And more from RB:
By: LITALI1245 $$$$
17 Sep 2002, 03:44 PM EDT Msg. 56067 of 56069
(This msg. is a reply to 56061 by mattiegirl0.) MATTIE
Again history!
I just pointed out what we have now.--Please reread my post.
As for JK going to Kaz last year.--He did! but nothing fruitful came out of the trip except for the fact that he had made contacts with some of the people he has negotiated with in his prior job and to oversee the ongoing negotiation with Gazprom and other potential interested parties.
To reiterate:
We have a small crude oil refining contract now that could become a big contract.
We have raw stock asphalt ready to be refined shortly.
We have about $5M backlog to fulfill.-Lit
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=56067
GoferWUSS, you have not provided even one fact jsut rumors with no backing and a lot of crying the blues.
Gofer, have you forgotten this inforamtion at http://www.investingdd.com and there is much more to come,
carefulinvestor
Aug 26, 2002, 10:00 PM
Post #1 of 11 (409 views)
Copy Shortcut
Long term deal (with a large oil company) & expansion at the Lake Charles Refinery!
--------------------------------------------------------------------------------
The Company is currently negotiating a long-term transaction with a large oil company which would fully utilize the entire Lake Charles refining and asphalt facilities and provide it with the working capital necessary to support all of its domestic overhead and operations. ...
As operations at the Refinery expand during 2002, the Company plans, to the extent possible, to prudently obtain bank or other conventional, non-equity financing to replace its existing convertible debt and provide the supplemental funds necessary to support its operations and minimum work program in Kazakhstan.
From AIPN's S-1/A, August 26, 2002 (emphases added)
And this,
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53458
By: Sniper67 $$$$$
27 Aug 2002, 07:48 PM EDT Msg. 53458 of 53473
(This msg. is a reply to 53452 by chikuduk.)
CHIKUDUK:
What about the other two pieces of news?
SNIPER
"AIPN AND ####### WILL DRILL TWO TEST WELLS IN THE CHIKUDUK!!! DEEP WELLS....... ITS POST TIME!!!
GoferWUSS, don't forget about this,
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53452
By: chikuduk $$$$
27 Aug 2002, 07:32 PM EDT Msg. 53452 of 53475
***** GET READY TO RUMBLE *****
The sorry $$$ bashers are moving in on DOC...
They can't handle the stock price moving up...
THIS IS AN ALL OUT WAR......SHORTS AGAINST THE LONGS.
NEWS IS PENDING!!!
AIPN AND ####### WILL DRILL TWO TEST WELLS IN THE CHIKUDUK!!! DEEP WELLS....... ITS POST TIME!!!
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
gofer, you are wussing out again and losing it. Go back to www.wuss.com and post with all the other losers at the club. Cry Cry Cry that is all you can do and blame otherss for the problems you brought on yourself by not knowing how to invest. What a loser!
Gofler, attention is moving away from the refinery deals as they get closer to completion and then attention will turn to to 953 and 1551 in Kazakstan. I am as optimistic as I've ever been and evrything I said before is still true and even more so now , like,
"one day closer every day untill AIPN gets 1,2 or 3 big deals"
aand my other comments.
Why does this bother you soooo much......... is it because you are such a loser and you do not know how to -play AIPN
Here is some more good information from rb,
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=56039
By: carefulinvestor
17 Sep 2002, 09:33 AM EDT Msg. 56039 of 56176
(This msg. is a reply to 56033 by chikuduk.)
chikuduk: Wise move by Hurricane, as Kazakhstan is the land of the future for oil and gas companies!
THINK 1551!
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=54565
FWIW & IMO
"Hurricane Hydrocarbons has no intention of getting out of Kazakhstan and is, in fact, looking for ways to expand in the central Asian country, Hurricane's chief financial officer said."
---
$$$$$$$ 1555... AIPN SEC FILINGS $$$$$$$
1551, proven reserves, third party gas, 250 million cubic feet of gas per day...
License 1551
In February 1999, we were officially notified by the Kazakhstan
government's State Investment Committee that we had won the tender for the
Shagyrly-Shomyshty gas field in western Kazakhstan and entered into a
license agreement with the Kazakhstan government for 100% ownership of the
Shagyrly, a 30-year agreement with effect from August 31, 1999. Fifty-eight
of the sixty-nine gas wells drilled by the Soviet Union in the 1960s to
delineate the 264,000-acre gas field were tested and found to have
commercial gas by the regional development authorities. In 1994, the field
was declared to have commercial gas reserves by the Kazakhstan Ministry of
Oil and Gas Industry, who recommended the field for development. Our
drilling and production development plan involves developing and maintaining
daily gas production at 200 to 250 million cubic feet per day from the most
productive part of the field.
The development plan provides for the initial drilling of
approximately 100 horizontal wells, each with a horizontal extension of 1500
feet. Analysis of wells tested to date indicates that individual
horizontally drilled wells could achieve an average production rate
exceeding 6 million cubic feet per day. The ultimate field development
proposal involves use of modular, movable production process/compression
centers designed to filter, dehydrate, compress, and deliver a total of up
to approximately 250 million cubic feet of gas per day.
Ryder Scott Company, L.P., a Houston-based petroleum consulting firm,
reviewed our horizontal drilling and reservoir development studies
demonstrating significant recoverable gas reserves at Shagyrly and issued an
opinion letter stating that they are in general agreement with the estimates
and that the reserves were prepared in accordance with standard industry
procedures. The studies included horizontal well recovery analyses for
drainage of reservoir areas in the 640-1280 acre range, revised operational
plans for horizontal drilling, and detailed analyses of prior gas well
completions in the License 1551 area. A pilot development drilling program
is scheduled to be implemented to verify the horizontal drilling application
pending the consummation of a related gas sales contract. We are working to
conclude a gas sales contract with one or more gas purchasers for the sale
of Shagyrly gas, as well as the sale or transport of other gas we may want
to market, although we cannot assume that we will be successful in this
endeavor.
Our strategy includes developing shallow gas reserves in Shagyrly,
purchasing and transporting third party natural gas pursuant to our gas
sales contracts, and diversified pursuit of field development opportunities
in other selected countries and basins where perceived geological and
political risks are acceptable.
AIPN's S-1/A, August 26, 2002 (emphases added)
This is one of the reasons why JK is said to be traveling to Kaz this month (if he has not already left).
FWIW & IMO
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
goferwuss, SOrry you lost so much money on AIPN. Just think if you would have sold at $7 how much more you would have and now you want to blame AIPN for all your trouble. Sad sad sad. Grow up. Get over it. Move on. but keep in mind AIPN is going back up soon!
Gofer, you forgot to mention this inforamtion at http://www.investingdd.com and that you have also called me many namess,
carefulinvestor
Aug 26, 2002, 10:00 PM
Post #1 of 11 (409 views)
Copy Shortcut
Long term deal (with a large oil company) & expansion at the Lake Charles Refinery!
--------------------------------------------------------------------------------
The Company is currently negotiating a long-term transaction with a large oil company which would fully utilize the entire Lake Charles refining and asphalt facilities and provide it with the working capital necessary to support all of its domestic overhead and operations. ...
As operations at the Refinery expand during 2002, the Company plans, to the extent possible, to prudently obtain bank or other conventional, non-equity financing to replace its existing convertible debt and provide the supplemental funds necessary to support its operations and minimum work program in Kazakhstan.
From AIPN's S-1/A, August 26, 2002 (emphases added)
goferwuss, keep crying.
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=56114
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By: seeds-by-size $$$$
18 Sep 2002, 03:10 AM EDT Msg. 56114 of 56141
(This msg. is a reply to 56105 by AmericanMoni.)
OT: Dear Americanmoni,
Here is something I have learned after posting for 30 months or more and that is if your CEO JK under a different handle came and posted on BB every detail about what AIPC was currently doing had done and is trying to do that the majority of the posters on this BB would not believe the details of the posting.
John Size
And this,
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53458
By: Sniper67 $$$$$
27 Aug 2002, 07:48 PM EDT Msg. 53458 of 53473
(This msg. is a reply to 53452 by chikuduk.)
CHIKUDUK:
What about the other two pieces of news?
SNIPER
"AIPN AND ####### WILL DRILL TWO TEST WELLS IN THE CHIKUDUK!!! DEEP WELLS....... ITS POST TIME!!!
GoferWUSS, don't forget about this,
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53452
By: chikuduk $$$$
27 Aug 2002, 07:32 PM EDT Msg. 53452 of 53475
***** GET READY TO RUMBLE *****
The sorry $$$ bashers are moving in on DOC...
They can't handle the stock price moving up...
THIS IS AN ALL OUT WAR......SHORTS AGAINST THE LONGS.
NEWS IS PENDING!!!
AIPN AND ####### WILL DRILL TWO TEST WELLS IN THE CHIKUDUK!!! DEEP WELLS....... ITS POST TIME!!!
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
GoferWUSS, you have provvved nothing!!! Back off on the meds man, you are living in a dream world. You make up accusations and then talk as if they are proved. You are a grade A lunatic as well as a wuss. Go bask to www.wuss.com the club of losers that is where you belong. Grow up and move on. Keep your investment tips to yourself I would quickly sell anything you recommend. You have no credibility as an investor you can't even think straight you are a wuss!!!
Gofler, attention is moving away from the refinery deals as they get closer to completion and then attention will turn to to 953 and 1551 in Kazakstan. I am as optimistic as I've ever been and evrything I said before is still true and even more so now, like,
"one day closer every day untill AIPN gets 1,2 or 3 big deals"
aand my other comments.
you recently called me idiot and there are others.........
Here is some more good information from rb,
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=56039
By: carefulinvestor
17 Sep 2002, 09:33 AM EDT Msg. 56039 of 56176
(This msg. is a reply to 56033 by chikuduk.)
chikuduk: Wise move by Hurricane, as Kazakhstan is the land of the future for oil and gas companies!
THINK 1551!
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=54565
FWIW & IMO
"Hurricane Hydrocarbons has no intention of getting out of Kazakhstan and is, in fact, looking for ways to expand in the central Asian country, Hurricane's chief financial officer said."
---
$$$$$$$ 1555... AIPN SEC FILINGS $$$$$$$
1551, proven reserves, third party gas, 250 million cubic feet of gas per day...
License 1551
In February 1999, we were officially notified by the Kazakhstan
government's State Investment Committee that we had won the tender for the
Shagyrly-Shomyshty gas field in western Kazakhstan and entered into a
license agreement with the Kazakhstan government for 100% ownership of the
Shagyrly, a 30-year agreement with effect from August 31, 1999. Fifty-eight
of the sixty-nine gas wells drilled by the Soviet Union in the 1960s to
delineate the 264,000-acre gas field were tested and found to have
commercial gas by the regional development authorities. In 1994, the field
was declared to have commercial gas reserves by the Kazakhstan Ministry of
Oil and Gas Industry, who recommended the field for development. Our
drilling and production development plan involves developing and maintaining
daily gas production at 200 to 250 million cubic feet per day from the most
productive part of the field.
The development plan provides for the initial drilling of
approximately 100 horizontal wells, each with a horizontal extension of 1500
feet. Analysis of wells tested to date indicates that individual
horizontally drilled wells could achieve an average production rate
exceeding 6 million cubic feet per day. The ultimate field development
proposal involves use of modular, movable production process/compression
centers designed to filter, dehydrate, compress, and deliver a total of up
to approximately 250 million cubic feet of gas per day.
Ryder Scott Company, L.P., a Houston-based petroleum consulting firm,
reviewed our horizontal drilling and reservoir development studies
demonstrating significant recoverable gas reserves at Shagyrly and issued an
opinion letter stating that they are in general agreement with the estimates
and that the reserves were prepared in accordance with standard industry
procedures. The studies included horizontal well recovery analyses for
drainage of reservoir areas in the 640-1280 acre range, revised operational
plans for horizontal drilling, and detailed analyses of prior gas well
completions in the License 1551 area. A pilot development drilling program
is scheduled to be implemented to verify the horizontal drilling application
pending the consummation of a related gas sales contract. We are working to
conclude a gas sales contract with one or more gas purchasers for the sale
of Shagyrly gas, as well as the sale or transport of other gas we may want
to market, although we cannot assume that we will be successful in this
endeavor.
Our strategy includes developing shallow gas reserves in Shagyrly,
purchasing and transporting third party natural gas pursuant to our gas
sales contracts, and diversified pursuit of field development opportunities
in other selected countries and basins where perceived geological and
political risks are acceptable.
AIPN's S-1/A, August 26, 2002 (emphases added)
This is one of the reasons why JK is said to be traveling to Kaz this month (if he has not already left).
FWIW & IMO
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
Gofer, you forgot to mention this inforamtion at http://www.investingdd.com and that you have also called me many namess,
carefulinvestor
Aug 26, 2002, 10:00 PM
Post #1 of 11 (409 views)
Copy Shortcut
Long term deal (with a large oil company) & expansion at the Lake Charles Refinery!
--------------------------------------------------------------------------------
The Company is currently negotiating a long-term transaction with a large oil company which would fully utilize the entire Lake Charles refining and asphalt facilities and provide it with the working capital necessary to support all of its domestic overhead and operations. ...
As operations at the Refinery expand during 2002, the Company plans, to the extent possible, to prudently obtain bank or other conventional, non-equity financing to replace its existing convertible debt and provide the supplemental funds necessary to support its operations and minimum work program in Kazakhstan.
From AIPN's S-1/A, August 26, 2002 (emphases added)
When compared with this information,
from http://www.investingdd.com:
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53759
By: carefulinvestor
29 Aug 2002, 12:39 PM EDT Msg. 53759 of 55470
(This msg. is a reply to 53727 by Sniper67.)
Sniper: Could this have to do with drilling Chikuduk?
If not, any hints?
"BTW, the "rumors" from Dr. Risk do not contain one of the events that Sniper is expecting. Maybe it is buried in there somewhere!" (emphases added).
BTW, Dr. Risk's "rumors" are now posted at:
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53724
FWIW & IMO
---
By: chikuduk $$$$
27 Aug 2002, 07:32 PM EDT Msg. 53452 of 53475
***** GET READY TO RUMBLE *****
The sorry $$$ bashers are moving in on DOC...
They can't handle the stock price moving up...
THIS IS AN ALL OUT WAR......SHORTS AGAINST THE LONGS.
NEWS IS PENDING!!!
AIPN AND ####### WILL DRILL TWO TEST WELLS IN THE CHIKUDUK!!! DEEP WELLS....... ITS POST TIME!!!
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53452 (emphases added)
---
By: Sniper67 $$$$$
27 Aug 2002, 07:48 PM EDT Msg. 53458 of 53473
(This msg. is a reply to 53452 by chikuduk.)
CHIKUDUK:
What about the other two pieces of news?
SNIPER
"AIPN AND ####### WILL DRILL TWO TEST WELLS IN THE CHIKUDUK!!! DEEP WELLS....... ITS POST TIME!!!
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53458 (emphases in original post)
From: http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53479
---
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
http://www.investingdd.com
Re: [carefulinvestor] AIPN AND ####### WILL DRILL TWO DEEP TEST WELLS IN THE CHIKUDUK!!! [In reply to] Edit / Delete / Quote / Reply / Private Reply
--------------------------------------------------------------------------------
From RB this morning:
By: Sniper67 $$$$$
12 Sep 2002, 08:37 AM EDT Msg. 55426 of 55428
(This msg. is a reply to 55425 by carefulinvestor.)
CAREFUL: "Drilling Chikuduk" depends
of the success of JK in negotiating a deal in KAZ!
Irrespective of the entities here who might want to participate with AIPN!
Full post at: http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=55426 (emphases added)
This is an interesting comment,
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=56114
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By: seeds-by-size $$$$
18 Sep 2002, 03:10 AM EDT Msg. 56114 of 56141
(This msg. is a reply to 56105 by AmericanMoni.)
OT: Dear Americanmoni,
Here is something I have learned after posting for 30 months or more and that is if your CEO JK under a different handle came and posted on BB every detail about what AIPC was currently doing had done and is trying to do that the majority of the posters on this BB would not believe the details of the posting.
John Size
Updates from http://www.investingdd.com
Re: [carefulinvestor] THINK.........................!!!!
--------------------------------------------------------------------------------
Interesting update from RB:
By: LITALI1245 $$$$
17 Sep 2002, 02:21 PM EDT Msg. 56060 of 56060
(This msg. is a reply to 56058 by mattiegirl0.) MATTIE
What you state is true and also history.--What do we have now?
What we have is a refinery deal to refine 1.8M bbls of crude starting in Q4 if not sooner.--Thereafter negotiate a longer term deal if all goes well.
What we have is almost $5M backlog of asphalt orders which we could start refining in a week or two with the raw asphalt stock on hand.
What we're waiting for is the big refinery deal that they were working on for almost one year and I say again-- maybe soon.
What we're waiting for is JK to go back to Kazkhstan to close any kind of deal.--Probably first week in October.--
which can likely mean the big refinery deal is really concluded with no dotting of the I's or crossing any more T's.
Lit
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=56060
Re: [carefulinvestor] There is more happening within this little company... than just a refinery agreement
--------------------------------------------------------------------------------
And more from RB:
By: LITALI1245 $$$$
17 Sep 2002, 03:44 PM EDT Msg. 56067 of 56069
(This msg. is a reply to 56061 by mattiegirl0.) MATTIE
Again history!
I just pointed out what we have now.--Please reread my post.
As for JK going to Kaz last year.--He did! but nothing fruitful came out of the trip except for the fact that he had made contacts with some of the people he has negotiated with in his prior job and to oversee the ongoing negotiation with Gazprom and other potential interested parties.
To reiterate:
We have a small crude oil refining contract now that could become a big contract.
We have raw stock asphalt ready to be refined shortly.
We have about $5M backlog to fulfill.-Lit
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=56067
Keep wussing.
On Refinery from rb,
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=55592
By: carefulinvestor
13 Sep 2002, 09:32 AM EDT Msg. 55592 of 55973
(This msg. is a reply to 55573 by Sniper67.)
*** REFINERY INFO... AIPN SEC FILINGS ***
(And remember AIPN is not bound legally by the many rumors [positive or negative], so-called "Dodge talks" [I wonder how many people actually call Dodge before they post? -- I've already caught some lying in this regard by calls to Dodge I've made myself to verify information], or what someone's neighbor said [what a joke!], that are anonymously posted on these boards; however, AIPN is bound legally [i.e. they are legally liable] based on what they write in their SEC filings).
"We are engaged in negotiations for a transaction that would put our
entire refining and asphalt facility in Lake Charles to work on a
long-term basis. The terms of this transaction have been agreed to (PAST TENSE!!!)
and implementation is contingent upon securitization of crude oil
purchase contracts and financing to support our purchase of crude oil
and asphalt feedstocks. Our management believes the anticipated cash
flows from this transaction are sufficient to support all of our
overhead and domestic operations during the transaction's five-year
term. It should also enhance our ability to refinance our existing
debt..."
(From AIPN's recent S-1, emphases added)
---
The Company is currently negotiating a long-term transaction with a
large oil company which would fully utilize the entire Lake
Charles refining and asphalt facilities and provide it with the working
capital necessary to support all of its domestic overhead and operations.
...
As operations at the Refinery expand during 2002, the Company plans,
to the extent possible, to prudently obtain bank or other conventional,
non-equity financin to replace its existing convertible debt and provide
the supplemental funds necessary to support its operations and minimum work
program in Kazakhstan.
From AIPN's S-1/A, August 26, 2002 (emphases added)
---
We recently signed a six-month term agreement with an independent
refiner whereby, beginning around September 1, 2002, we will process a
minimum of 1.8 million barrels of light Louisiana sweet crude oil through
the atmospheric distillation unit at our Lake Charles, Louisiana refinery
for a throughput fee. The agreement requires the refiner to make a
$350,000 cash deposit of prepaid processing fees, which will be amortized on
a pro rata basis during approximately the first three months of the
agreement. In addition, they will issue on our behalf a $2 million
irrevocable Standby Letter of Credit to guarantee payment of the processing
fees. We also gave the refiner a one-year Right of First Refusal to
purchase our Lakes Charles, Louisiana refinery. The refiner plans to retain
approximately 40% of the resultant processed products. We plan to purchase
and market the remainder to various third party purchasers, which are
plentiful in the Lake Charles area. We have signed a related Sales and
Purchase Agreement to govern these purchases and sales, the term of which
runs concurrently with the processing agreement.
The aggregate cash flows we expect to derive from these transactions are
anticipated to provide a significant portion of all of our operative cash
flow needs during the next six months. Thereafter, we expect to renew the
processing agreement for a longer term, replace it with another agreement,
or increase our processing capabilities at the Lake Charles facility
to allow us to simultaneously process through both the atmospheric unit and
the vacuum distillation unit for our own account or for third parties. We
have been approached by companies who have expressed a desire to process
through our refinery and provide capital for the facility expansion
necessary to enable this dual processing structure.
AIPN's August 19, 2002, 10-Q
---
FWIW & IMO
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
On 953/Begesh/Chikuduk
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=55887
By: carefulinvestor
16 Sep 2002, 09:39 AM EDT Msg. 55887 of 55972
(This msg. is a reply to 55884 by carefulinvestor.)
Interesting old story (on 953/Begesh/Chikuduk)... to be continued in the not too
distant future... notice the bold print section (see
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53759).
Source: NewsBase
US AIPC further new round of exploration work in Kazakhstan
08-08-00 New York-based American International Petroleum Corp (AIPC) said
that it planned to begin a new round of exploration work soon at the
concession known as License No. 953. AIPC holds a 70 % working interest in
this property, which covers 4.7 mm acres in north-western Kazakhstan and
includes the Chikuduk gas deposit.
The company said earlier this year that it had decided to focus its efforts
in Kazakhstan on Shagyrly-Shomyshty (also known as License No. 1551), a gas
field that was thought to be more promising than Chikuduk. However, AIPC has
decided to take another look at License No. 953 after reviewing the findings
of independent petroleum engineering consultants.
The consultants conducted a review of electric well logs from the Begesh No.
1 shaft, which has been leaking light sweet crude oil ever since it was
drilled during the Soviet period. After the review, they suggested that the
company re-enter the well in order to test the upper Jurassic intervals of
the Begesh deposit, noting that oil had been found at those levels at the
Karakuduk field, located about 50 miles to the south-west of AIPC's
property.
The company drew up a revised drilling plan after hearing the consultants'
recommendations and will submit that program to the Kazakhstani government
for approval the press release said. Drilling work may begin soon after
Astana gives its approval as AIPC is in a position to use two rigs that are
already in the area, it said. The company added that exploitation of the
Begesh deposit would prove relatively easy as the Begesh No. 1 well was
located less than two miles from a major oil pipeline network.
According to an independent evaluation conducted earlier by Huddleston &
Co, License No. 953 contains 1.98 bn barrels of crude oil and 2.15 tcf of
natural gas, or 2.3 bn barrels of oil equivalent (boe). These figures do not
include reserve estimates for the Chikuduk field.
AIPC operates mostly in Kazakhstan but has also made efforts to acquire
rights to oil- and gas-bearing propertiesin Russia. It is also involved in
the refining, transportation and marketing of petroleum products in the
United States.
Emphases added.
FWIW & IMO
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
Gofer, my last post still applies and yo have convinced me of nothing expect that you are a wuss. Grow up and move on if you can't handle AIPN.
Golfer you are wrong again. Penny stocks are all about patience. I am more than willing to wait this one out also like some of those on other boards have written. Also sorry to hear that you were so greedy that you did not take a 1600% profit when you had the chance with AIPN. I guess that is why you are now blaming your own bad investment choices on AIPN and other posters. Well, Gofer you have no one to blame but yourself. AIPN could have made you a big profit just like I still expect it to do for me. Don't you think it is time you grew up and moverd on? You losers are all the same, the same old cccrying the blues and blaming others for your own mistakess. A sorry lot the whole bunch of you. BUt that does not change the fact that many others are still in a good position to pofit from AIPN and maybe we will even see bigger profits than you missed. Have you always been such a wuss, is that why you post at www.wuss.com aka the club board?
Golfer you are wrong again. Penny stocks are all about patience. I am more than willing to wait this one out also like some of those on other boards have written. Also sorry to hear that you were so greedy that you did not take a 1600% profit when you had the chance with AIPN. I guess that is why you are now blaming your own bad investment choices on AIPN and other posters. Well, Gofer you have no one to blame but yourself. AIPN could have made you a big profit just like I still expect it to do for me. Don't you think it is time you grew up and moverd on? You losers are all the same, the same old cccrying the blues and blaming others for your own mistakess. A sorry lot the whole bunch of you. BUt that does not change the fact that many others are still in a good position to pofit from AIPN and maybe we will even see bigger profits than you missed. Have you always been such a wuss, is that why you post at www.wuss.com aka the club board?
Golfer, it seems the biggest AIPN assets may be coming into play soon.
Did you see these posts on rb and at http://www.investingdd.com:
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53759
By: carefulinvestor
29 Aug 2002, 12:39 PM EDT Msg. 53759 of 55470
(This msg. is a reply to 53727 by Sniper67.)
Sniper: Could this have to do with drilling Chikuduk?
If not, any hints?
"BTW, the "rumors" from Dr. Risk do not contain one of the events that Sniper is expecting. Maybe it is buried in there somewhere!" (emphases added).
BTW, Dr. Risk's "rumors" are now posted at:
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53724
FWIW & IMO
---
By: chikuduk $$$$
27 Aug 2002, 07:32 PM EDT Msg. 53452 of 53475
***** GET READY TO RUMBLE *****
The sorry $$$ bashers are moving in on DOC...
They can't handle the stock price moving up...
THIS IS AN ALL OUT WAR......SHORTS AGAINST THE LONGS.
NEWS IS PENDING!!!
AIPN AND ####### WILL DRILL TWO TEST WELLS IN THE CHIKUDUK!!! DEEP WELLS....... ITS POST TIME!!!
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53452 (emphases added)
---
By: Sniper67 $$$$$
27 Aug 2002, 07:48 PM EDT Msg. 53458 of 53473
(This msg. is a reply to 53452 by chikuduk.)
CHIKUDUK:
What about the other two pieces of news?
SNIPER
"AIPN AND ####### WILL DRILL TWO TEST WELLS IN THE CHIKUDUK!!! DEEP WELLS....... ITS POST TIME!!!
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53458 (emphases in original post)
From: http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=53479
---
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
http://www.investingdd.com
Re: [carefulinvestor] AIPN AND ####### WILL DRILL TWO DEEP TEST WELLS IN THE CHIKUDUK!!! [In reply to] Edit / Delete / Quote / Reply / Private Reply
--------------------------------------------------------------------------------
From RB this morning:
By: Sniper67 $$$$$
12 Sep 2002, 08:37 AM EDT Msg. 55426 of 55428
(This msg. is a reply to 55425 by carefulinvestor.)
CAREFUL: "Drilling Chikuduk" depends
of the success of JK in negotiating a deal in KAZ!
Irrespective of the entities here who might want to participate with AIPN!
Full post at: http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=55426 (emphases added)
Golfer, they had so much traffic that they had to update their equipment. Maybe you tried while the update work was blocking access. Try http://www.investingdd.com again and it should work now. More good infoormation about AIPN here than on any other AIPN webpage..
Golfer, at http://www.investingdd.com they are giving out a lot of information about AIPN
NOt a bad day, up 40% on 2.8 mil. traded.
ks7777, why do you say that? Do you mean you think something is about to take place about 953 or 1551 or the refinery or 2 or 3 of these?
ks7777, great call todays volume and price might point to something like what is being talked about at http://www.investingdd.com taking place.. Maybe this will be the start of the turnaround that sniper and other people were talking about on rb.
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=48463
By: carefulinvestor
20 Jun 2002, 11:52 AM EDT Msg. 48463 of 52852
(This msg. is a reply to 48417 by carefulinvestor.)
GREAT NEWS TODAY for those who understand business and realize how close we are to what sniper optimistically termed:
"one of the best turnarounds in history!"
( http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=48364 , emphases added).
BTW, for those with the eyes to see (and even a modicum of kindness in the heart) it is evident that what some of the best posters here (Doc, Spin, Sniper, et al.) have been reporting all along is definitely IN THE WORKS.
Furthermore, as anyone who has been involved with business knows, it is impossible to know the exact timing for which deals will be struck and contracts signed.
This becomes even more of a guessing game as the deals become more complex and numbers involved larger. And when one of the deals involves a shipment of crude, as handstramp pointed out at DOC$ AIPN board ( http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=47719 ), many others factors need to be considered.
I think this PR also signals the fact that George Faris (GF) is on the w out and Jim Knight (JK) will be at the helm from now on.
From this news, and if all goes well, the following could (should?) all take place:
1. A multi-year, profitable, refinery contract
( http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=47411 , http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=47147 ).
2. Debbers eliminated (watch what happens to the pps at this point!).
3. A deal on 1551.
4. More drilling on 953.
Can you imagine what the price per share will be at (especially compared to the present pps) if drilling starts on 953 (which gave us a 533% increase last time, with nothing else happening), the refinery is running full out year round (with a contract with a major!), the debbers are gone (and can't hold the pps down, as now) and a good deal on 1551 has already been signed (hint: see http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=31450 ).
With that said, here is the news (below, with emphases added) for anyone who missed it.
If you can read between the lines (or pick up on the emphases) you still have time to make yourself a bundle of money on this stock.
The big hits are coming, it is only a matter of time now!!!
GOOD TIMES COMING FOR AIPN!
FWIW & IMO
P.S. Almost forgot, but it is very nice to see that AIPN has responded directly to shareholder requests for an update (again see DOC$ AIPN board for more information).
---
(COMTEX) B: American International Petroleum Places $1.9 Million Convent
B: American International Petroleum Places $1.9 Million Conventional Debt
NEW YORK, Jun 20, 2002 (BUSINESS WIRE) -- American International Petroleum
Corporation (OTC BB: AIPN)), announced today that it has sold a nine-month $1.9
million 12% secured Bridge Note to GCA Strategic Investment Fund Limited
("GCA"), Hamilton, Bermuda.
The proceeds from the financing will be utilized for working capital purposes.
This will also allow the Company more time to work towards the completion of
ongoing negotiations to put its entire Lake Charles facility to work on a long
term basis, and to consummate a refinancing to replace its existing debt.
"We continue our efforts to complete a long-term transaction for our Lake
Charles facility, which includes both processing crude oil and manufacturing
asphalt," said Company President Jim Knight. "We have seen in the past that the
best way to maximize the profits of our Refining Division is to operate all the
units simultaneously. We are making progress towards achieving this goal and,
although we can't be certain at this point, we hope to complete a deal soon
transaction should provide the necessary cash flow and margins to enhance
our ability refinance our debt. That is the next step.". He also said that the
Company has informed its principal lenders that it intends to attempt to redeem
its existing debt as soon as practicable and that the lenders were receptive to
such a plan.
The Company continues to have discussions with potential partners regarding a
farm-out of some of our 100% working interest in License 1551, the Shagyrly gas
field in Kazakhstan. Any proceeds that may be derived from the possible sale or
farm-out of a portion of our oil and gas concessions in Kazakhstan will be
utilized to repay debt, fund the development of our License 1551 gas field and
the minimum work program at our License 953, and for general corporate uses. The
majority of the development funding for License 1551 is expected to be derived
form project financing.
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 Kazakhstan, and in processing
crude oil, and in marketing and transporting a wide array of refined products in
the United States.
Statements herein may be identified as forward-looking for purposes of safe
harbor provisions under Section 21E of the Securities and Exchange Commission
Act of 1934. Such statements relating to the Company's business, including those
specific to this press release, including efforts to complete a long term
contract for Lake Charles; ability that such a deal will enable satisfactory
cash flow and margins to allow refinancing, or enable all units to operate
simultaneously; ability to redeem existing debt; or, consummate a farm-out
agreement for Kazakhstan Licenses; and all future business of the Company, 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.
CONTACT: American International Petroleum Corporation
Michael Dodge, 212/688-3333
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2002 Business Wire. All rights reserved.
-0-
KEYWORD: NEW YORK
INDUSTRY KEYWORD: ENERGY
OIL/GAS
UTILITIES
SOURCE:
American
International
Petroleum
Corporation
*** end of story ***
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
Goper, I have not seen the commercial and to me the picture you describe does not fit here at least not for me.Just because you have lost money on this stock does not mean every one has. There are probably many who have made money and are about to make a lot of money the way I look at it. Did you see this post
http://ragingbull.lycos.com/mboard/boards.cgi?board=AIPN&read=52528
By: clamdestiny $
15 Aug 2002, 11:36 PM EDT Msg. 52528 of 52609
Deal Is Coming!
Seems that reliable sources (I actually believe this source) close to the company predict a real financing arrangement (non-dilutable) which will allow the company to commence crude purchasing and, hence, asphalt processing at the St. Marks Refinery. This should (operative word "should") but to rest any rumors (fears) of pending bankruptcy.
(Voluntary Disclosure: Position- Long; ST Rating- Buy; LT Rating- Strong Buy)
Golfer, I don't know the comercial and I think AIPN is a good investment. I guess I am not following your line of reasoning.