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! ****
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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.
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).
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