By: carefulinvestor 17 May 2002, 11:39 AM EDT Msg. 45522 of 45528 (This msg. is a reply to 45512 by cnasty2.)
cnasty2: Why didn't "the street" know about ADSX when it ran from .11 to $2.40? The so-called "street" has been wrong often, as has been proved time and time again throughout the history of the stock market.
And this is the OTC, expect even stranger things to happen -- they do all the time.
Moreover, why are they gearing up now at the Lake Charles refinery, if nothing is about to happen?
The same 10Q also stated (on the 1551 gas deals):
"We are currently engaged in negotiations and discussions with various potential purchasers and transporters for the transportation and/or purchase of our anticipated Shagryly gas production and other gas we may have available for sale under a U.S. Dollar or Eurodollar backed contract"
"...of Shagyrly Shomyshty. We have had discussions with various financing entities, suppliers and export credit agencies regarding project financing to complete the full development of this project."
On 953 we also read:
In May 1997, our American International Petroleum Kazakhstan subsidiary entered into an agreement with MED Shipping and Trading S.A., a Liberian corporation with offices in Frankfurt, Germany, to acquire 70% of the stock of MED Shipping Usturt Petroleum Ltd., a Kazakhstan corporation which owns 100% of the working interest in a Kazakhstan oil and gas concession called License 953.The concession is located approximately 125 kilometers from the Chevron Corporation"s multi-billion-barrel Tengiz Oil field near the Caspian Sea in the North Usturt Basin.
"...we believe it continues to be a viable prospect because License 953 is known to contain other geological structures with unevaluated geological potential and we currently intend to have the required minimum work program completed in accordance with the contract...After extensive testing and geological and geophysical research and study, we believe that any significant volumes of economically recoverable oil and gas may be found in the deep, untested, carboniferous age rocks. The carboniferous is present over approximately 40% of the total unevaluated acreage remaining on License 953."
Seeds has done some stellar research in the area and provided us with many excellent posts regarding these comments.
Here is just one example:
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By: seeds-by-size $$$$ 29 Apr 2002, 09:55 AM EDT Msg. 43885 of 45519 (This msg. is a reply to 43856 by carefulinvestor.)
Dear carefullinvestor,
It just means that like money speaks louder then words any oil company looking for a bigger stake in Kazakhstan or an oil major coming in for the first time will realise the potential large amount of oil and gas on the AIPN Licence 953 and licence 1551,after all the North Ustyurt Basin is said to be the second largest richest hydrocarbon Basin after the North Caspian Basin in all of Kazakhstan.
I came across what will be probably be found at 4,400 meters long before I ever heard of AIPN from a discussion with an oil engineer who was working for an oil company in an oil field in Turkmenistan whose carboniferous hydrocarbon reservoir depth was similair to the Tenzig depth and all three Baisins touch each other and shared a similair geological history up to that time.
In summation I am just saying INCREASINGLY VALUABLE HYDROCARBON ASSETS LIKE THOSE AT 1551 & 953 WILL ATTRACT INCREASINGLY DEEPER FINANCIAL POCKETS and this has been going on for at least 2 years or more from what I have read on this board and it is only a matter of time ,in my opinion, that if AIPN can hang on that a favourable deal for AIPN will be made in my opinion and in terms of statistical probability.
Just supply and demand once the morst favourable fields in the North Caspian,Middle Caspian and South Caspian basins are snapped up which now they look to be except in the disputed areas that The North Ustyurt Basin is Next and the biggest prize is AIPN's 1551 and 953 licences as I see it.
It is also been noted on this board that serious talks are taking place regarding both 953 and 1551 and that JK plans to fly to Russia (if he has not already left) soon to focus on closing a deal on 1551.
Emphases added throughout this post.
FWIW & IMO
Competition
Refining and Asphalt Divisions
The State Departments of Transportation throughout the southeastern part of the United States, including all the states that we consider our marketplace, continue to expand the percentage of polymer modified asphalts in the total mix of road grade asphalts laid on their various highways. This continuing development has been very good for us as the major oil companies continue their withdrawal from this complex business. Our Lake Charles asphalt blending facility currently has the capability to furnish the majority of these polymer modified products. The facility is now gearing up to produce several new specialty products that are high margin with potential significant growth possibilities.
In addition to the construction of the Exxon coker in Houston, which eliminated Exxon Mobil from the asphalt business, Marathon Ashland Petroleum has recently commissioned a large coker in New Orleans that we expect will bring drastic supply changes to the entire marketplace. Marathon will move from a net seller in the wholesale asphalt market to a net buyer to supply their vast downstream retail rack business. We plan to fill a portion of this void upon resumption of crude processing.
Most of our competition in our planned asphalt manufacturing business will come from those refiners who do not have downstream processing options such as residual coking capacity. The major competitor in the local truck rack market is a blending plant operation over 75 miles away. The average distance from our refinery to the nearest competing truck rack asphalt-producing refinery is over 150 miles away. We have been successful over the past year developing the East Texas market. Our current volume in East Texas approaches fifty percent of our business. We have transportation advantages over all competitors in the gulf coast area except one whose overall cost basis is higher than ours.