American International Petroleum Corporation (fka AIPN)

[Begesh]

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."

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$$$$$$$ 1555... AIPN SEC FILINGS $$$$$$$

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)