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Thu May 4 AIPN American International Petroleum Signs Second Protocol to Sell a Portion of Its Kazakhstan Gas Field - Business Wire

Mon Apr 17 AIPN AMER. INTL. PETROLEUM CORP. (NEV.), posts ANNUAL loss per share of $0.20 vs. loss of $0.17 - Standard & Poor's

NEW YORK--(BUSINESS WIRE)--March 23, 2000--American International Petroleum Corporation (NASDAQ NMS: AIPN) announced today that it has received formal notification from NASDAQ that the Company is in full compliance with all requirements for continued listing on the Nasdaq National Market (NM).

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 refining, marketing and transportation of its refined products in the United States.

The Company's wholly-owned subsidiary, American International Petroleum Kazakhstan, owns two licenses in the Republic of Kazakhstan. License 1551, the Shagyryl-Shomyshty gas field, in which it has 100% interest, has technically proved reserves of 450 billion cubic feet of gas as independently estimated by Ryder Scott Co., and a 70% working interest in License 953, a 4.7 million acre exploration license immediately south of License 1551.

American International Petroleum Corporation implemented the production of asphalt, vacuum gas oil and other products at its subsidiary's Lake Charles, Louisiana, refinery in the first quarter of 1998, utilizing low-cost, low-gravity and high-sulpher crudes from Mexico and Venezuela. The Company is also engaged in oil and gas exploration and development in western Kazakhstan. The Company's subsidiaries are American International Refinery, Inc., American International Petroleum Corporation of Colombia, Pan American International Petroleum Corporation, American International Petroleum Kazakhstan, 1229329 Ontario, American Eurasia Petroleum Corporation, American International Marine, Inc. and American International Petroleum Corporation Holding Inc. The Company also owns a refinery in St. Marks, Florida, near Tallahassee.

Market Capitalization $54.2M

Shares Outstanding 78.8M

Float 71.7M


The Financial Ad Trader
The Financial Ad Trader