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)
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
"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).
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