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[WarrenBuffetJunior]

TetonPetroleum

Ein noch recht junges Unternehmen, welches meiner Einschätzung nach noch sehr viel positives zu vermelden haben wird.

Nicht nur dass es sich um ein sehr fähiges Management handelt, auch die Strategie und die Ausführungen der Vergangenheit können überzeugen.


Leider wird Teton noch an der OTC in den USA gehandelt. ( Unternehmen in diesem Markt sind immer mit doppelter Vorsicht zu genießen )

Kürzel USA : TTPT.OB
Deutschland : WKN : 765756


Ein Überblick verschafft dieses Interview :

H.HOWARD COOPER - TETON PETROLEUM COMPANY (TTPT)
CEO Interview - published 03/04/2002

H. HOWARD COOPER was appointed President and Chief Executive Officer of
Teton Petroleum Company in 1996. Before joining Teton, Mr. Cooper was
with American International Group`s energy department, assessing oil
risks in Russia, and with Central Asian Petroleum, where he successfully
developed an oilfield in Kazakhstan. A graduate of the University of
Colorado, with a Finance degree, Mr. Cooper received his Master`s degree
from Columbia University.

Sector: oil & gas drilling & exploration

TWST: Can we start out with a history and overview of Teton Petroleum
Company?

Mr. Cooper: Teton was formed five years ago with a specific focus to
acquire proven shut-in oil fields in Russia that have never been
produced before. The idea was to acquire these cheap reserves, provide
capital infusion, get the production up, generate cash flow, revenue,
make money. And that was our plan five years ago, and at the same time
during that period to take the company public.

TWST: How have you done versus that initial expectation?

Mr. Cooper: We`ve pretty well met all our expectations. We formed the
company five years ago. Four years ago, we located an oil field in
Western Siberia. It currently has 107 million barrels of proven and
probable reserves. At the time we acquired an interest in it, it was not
producing. So we went in, acquired a controlling interest in it, drilled
a number of wells, put infrastructure in. And so we met our first
requirement, finding a good asset. And that`s what you need to build a
company around ` a good asset` whether it`s in Russia or in the United
States.

TWST: Why wasn`t it producing at that point?

Mr. Cooper: It wasn`t producing because under the old Soviet system,
they would drill certain fields, test the wells and then shut the wells
in because at that time, it was not driven by profit, they could shut
them in and then five, 10, 15 years later, go in and develop them.
During this entire process, the Soviet Union collapsed. And about 10
years ago, they started privatizing the oil sector and they`ve done a
very good job of it. This particular field was privatized, put up for
tender and we acquired a controlling interest in the company that owned
the license. So we accomplished that, we accomplished getting a good
field. It was issued to a company. We obtained a controlling interest in
that company, placed existing wells on production to generate cash flow.
Over the last four years, we`ve been developing the field. eighteen
months ago, we filed our 10SB registration statement. It became
effective this summer and then we received our symbol for the US OTC
Bulletin Board at the end of November. Currently we have 15 market
makers.

TWST: What`s going on with the field? How many wells are there and what
are your plans?

Mr. Cooper: Currently, we have seven producing wells. We`re completing
two more wells. And we`re spudding two additional wells. `Spudding`
means we have started to drill two new wells. So we expect by mid-year
to have 11 producing wells in the field.

TWST: How many ultimately can you put in there?

Mr. Cooper: Eventually, over the long term, over the next four years,
we`ll drill an additional 44 wells. So we`ll eventually have 55 wells
producing in the field. That`s our expectation. And we`ve built a
pipeline, which is significant. We completed that in the middle of last
year. And that`s why we`re on an aggressive drilling program now. Before
that, it didn`t make any sense to drill, because we were limited in our
ability to get our oil out. Before we had to truck it and barge it. And
we were shut down about six months out of the year. Now we produce every
day of the year.

TWST: What`s production running in that field?

Mr. Cooper: Before the pipeline was in place, we were averaging 500
barrels a day. Now we`re averaging just under 3,000 barrels a day in the
field, 750 of this is net to Teton.

TWST: Who`s the customer for the oil that you`re producing at this
point?

Mr. Cooper: We export our oil to Western Europe for US dollars. And we
sell oil in the Russian market for rubles. We either can keep it in
rubles and use it for field operations or convert it to dollars and send
it out of the country.

TWST: So there`s no problem getting funds out.

Mr. Cooper: Not at all.

TWST: What`s the political risk in Siberia?

Mr. Cooper: That`s a good question. We chose Siberia as opposed to any
other part of the former Soviet Union because it`s a very apolitical
part of Russia. Very few people are out there. And it`s a mix of all the
cultures of Russia. There was very little population out there in the
1970s. Then they sent people out there from all the different republics
to start developing oil fields. So there`s really no ethnic political
risk in Western Siberia. The political risk in Russia in the past has
been volatile. But Putin now has been in place for two-and-a-half years.
And during that period, there`s been a very consistent improvement and
stabilization of the country and improvement of corporate governance. In
addition to that, the economy right now is growing about 7%. And so the
way we see it right now, there`s very minimal political risk. And to
further support that, in the past there was always the issue, are these
going to be good partners for Americans? I think in the last six months,
Putin has shown a very strong willingness to cooperate with America in
any area that we choose to cooperate with Russia on.

TWST: Is the company that you have a controlling interest in a Russian
company?

Mr. Cooper: Yes. It`s a Russian closed joint stock company. When we
acquired a controlling interest in it, it only had one person working
for it. It was formed for the purpose of going after this license. That
was the other reason we chose it. It didn`t have any huge overhead. A
lot of companies in that part of the world do have a large overhead.
They were actually producing entities. We chose to take a brand new
field, a brand new company and acquiring and controlling it. So we could
basically build it up from nothing.

TWST: Are the days of the wild west in Russia over from a corporate
point of view, where all of a sudden they can decide they`re going to
take it back from you?

Mr. Cooper: Over the years, there really have not been that many
instances like that in the oil sector. But more importantly now, what
you have is all the major oil companies in Russia going to US GAP
accounting, trying to be more and more transparent. So we think that
that period really is not there right now. We personally have never had
a problem because we always paid our taxes. And we hired locals. So the
local administration looked upon us as being a good partner to have in
Western Siberia.

TWST: Do you have people on the ground in Siberia?

Mr. Cooper: Yes, we do. We have 80 Russians working out there. And then
we have a western engineer who rotates in and out to help advise on
field development and to implement bringing in western technology and
completion techniques to improve the productivity of the field.

TWST: So you are using some domestic expertise.

Mr. Cooper: Definitely. Russia has a long history in the oil sector. And
they have very experienced people. But mainly, there have been western
joint ventures over in Russia for 12 years. So you`ve got a full
generation of workers in Russia that have been exposed to western
technology now, western completion techniques. In addition to that,
Schlumberger is over there. Halliburton is over there. Rita Pump is over
there. A number of Canadian companies are over there. So you have full
access to the best technology to drill our wells.

TWST: Is the local expertise available?

Mr. Cooper: It`s quite good and it`s available, sure. You don`t want to
bring in pure western equipment. What you want to do is use Russian
equipment and upgrade the mud systems, for example; use western drill
bits, use western logging techniques. But you don`t need to use western
rigs. There are plenty of local rigs that were designed for that
environment.

TWST: In the next couple of years, as you get additional wells in place,
what do you expect production to do from this drilling?

Mr. Cooper: We expect the production to be in excess of 10,000 barrels a
day. That`s based on the fact that the wells that we`ve been drilling
have been flowing at 500 barrels a day of 36 API gravity oil
consistently. So we feel pretty good about that ` every time we drill a
well, it comes in pretty good.

TWST: Does it make sense to go ahead and drill at current oil prices?

Mr. Cooper: Sure. Oil prices are quite good.

TWST: Not as good as they were.

Mr. Cooper: But they`re good.

TWST: At $20, it still works for you.

Mr. Cooper: Definitely, it works.

TWST: How about the longer term? Are you going to expand beyond this
field? Or is there enough there to keep you busy?

Mr. Cooper: Our strategy is to continue to drill wells in the existing
field and identify new oil fields in the 50-, 100-, 150-million-barrel
oil range. We don`t like to get into the fight over the big oil fields
with the bigger companies. And our fields are small enough that the
large companies really don`t go after them. So we have a special niche
that we`re focusing on. We can manage a 100-million-barrel oil field.
And once we get this field pretty well up and really cash flowing, which
will happen next year, we`ll start looking for new opportunities. And we
already are really looking for them. We would like to locate a strategic
partner that would be interested in helping us acquire these additional
fields. We`re limited really right now by capital, not by opportunity.
So we`re always looking for either a financial partner or actually an
industry partner that would want to come in and help us take advantage
of our five years of experience over there.

TWST: When you go out and look at these fields, are you running into
competition for them? Are others out there looking for these same
fields?

Mr. Cooper: Not from the western side. Your main competition is from the
Russian side, because Russian oil companies are making so much money
right now. They`re making an incredible amount of money. They have cash
to pursue new opportunities.

TWST: Why aren`t other western companies looking?

Mr. Cooper: There was an earlier period where there was sort of a gold
rush of western companies going into Russia. And a lot of them didn`t
manage that situation very well. And that caused them to leave. Also,
there was a ruble crisis in 1998. That also caused people to leave. And
a lot of people don`t realize how quickly Russia has changed. With Putin
in there, with the higher oil prices, the economy`s growing. And so
they`re just really missing out right now.

TWST: Are there other fields that are still shut in that you can go out
there and open up?

Mr. Cooper: Sure. It`s a large area. We deal in Western Siberia. It`s
about half the size of the United States. For example, people still find
opportunities in the United States. And there have been more oil wells
drilled in the United States than the whole world combined. There are
still opportunities. And in Russia, there are even more opportunities
because the country`s really only been open for about 10 years. And a
lot of people don`t have the capability or the understanding of the
country to go in there and look for opportunities.

TWST: When you look at opportunities you`re looking for the shut-in
fields. You`re not going to go out and kind of greenfield something on
your own.

Mr. Cooper: I think it`s a little early right now to do exploration in
Russia. I think down the road, there are definitely going to be great
opportunities for exploration because they didn`t do that much of it in
the past. I think that`s going to be the second phase for us. The first
phase is just we`re going to focus on these proven fields that are shut-
in. It`s very cheap to acquire production in Russia. In the United
States, you pay about $6 a barrel in the ground. In Nigeria, where
there`s a war, you pay $4. In Columbia you pay $4. In Russia, you pay
$.50 to $1. So it`s quite cheap and it`s a first-table situation. You
get paid in US dollars.

TWST: Isn`t that going to attract a whole lot of new players?

Mr. Cooper: Sure. It`s going to over time. But it`s a process that takes
time. And now, there`s more and more interest in Russia. People realize
that Russia is a player out there. They`ve always been a player in
exports. People just didn`t realize it apparently. But they have the
capability and wherewithal to produce a lot of oil. There are a lot of
opportunities. I think the environment is much better to go to Russia,
let`s say, than to the Middle East. It`s obvious that Americans, and not
only Americans, but companies, really it`s very difficult for them right
now in the Middle East, whereas in Russia they`re open for business. And
they want us there.

TWST: Where did the company come up with the expertise in Russia?

Mr. Cooper: I personally have been visiting Russia since 1984. And I`ve
been involved in business in Russia since 1991. So that`s where a lot of
the experience came from. I`ve already been successful with another
company over there. We were successful. So this is the second time I`ve
been able to get a hold of a field and produce it and get cash flow out
of it. So it`s experience. Basically I have 10 years of experience
operating in Russia. And that gives me the ability to work there.

TWST: Looking at the company, do you have the management team in place
that you need to complete the drilling at this field and look for
others?

Mr. Cooper: Sure. We have a good US management team in place. And we
also have a good Russian management team in place. In the US management
team currently we have our acting COO, who`s been with Amoco for 22
years and he developed operations in Baku, Azerbaijan. In addition, our
acting CFO has been with ING for 28 years. So he understands
international financial balance sheets. Our engineer over there, an
American, has been developing oil fields for 12 years in the former
Soviet Union. He brought a field up to 38,000 barrels a day. Our field
has a pipeline that has capacity of 30,000 barrels a day. We are
currently doing just under 3,000 barrels a day. So, yes, we have the
management in place. We ourselves have been developing this field for
four years. And we have a proven track record.

TWST: For investors looking at the company, what are the benchmarks that
you want to be judged on over the next 24 months, let`s say?

Mr. Cooper: I`d say the benchmarks are, you obviously want to show
earnings. That`s important. You want to show you can increase your
production and manage your costs. The advantage here is that we consider
it undervalued if you look at our reserves, our net to our company. We
own 35% of the field net to us out of 107 million proved in probable
barrels. So net to us of proven and probable is about 37 million barrels
of oil. We`re currently trading at a market cap of about $7 million. So
we`re trading, if you looking on a per barrel basis, we`re extremely
undervalued.

TWST: Sort of $.20 a barrel.

Mr. Cooper: Right. So I think the advantage here for an investor is
they`re able to come in and buy an extremely undervalued company. And I
think it`s undervalued because people do not realize the upside in
Russia. But we have been exporting oil for four years, so we show that
we can get paid in US dollars. So the risk of getting paid, the risk of
producing is gone. I think that`s really the issue there.

TWST: When do you begin to show earnings?

Mr. Cooper: We expect to show earnings toward the end of next year, we
consider that to be our big year. The reason is, the first part of our
development was: a) get the field; b) prove the field up; c) build the
pipeline; d) get listed. Now we`re taking all of our cash flow really
and pouring it back into the field. So that is really what our focus has
been. Because now we have the pipeline. And then we want to be able to
focus on that. And that we`re about done with. So that`s why we feel
next year`s going to be our big year.

TWST: So too will be the first signs of real bottom line?

Mr. Cooper: I`d say 2003, end of 2002-2003 is the big year. And then for
people who want to hold the stock for a long time, I think that over
time, when we get our production up into the higher numbers, you`re
going to see very steep earnings on the positive side.

TWST: What does the capital expenditure program look like for this year
and next?

Mr. Cooper: The capital expenditure program this year for the field, we
expect to spend $8 million this year. Half of that will be spent by our
Russian partner, half by us. The advantage that we have, which a lot of
people don`t have internationally, is we have a partner that will match
us dollar-for-dollar spending. And I think my only advice to people
going international is, get a good local partner and make sure he`s
risking his dollars alongside your dollars.

TWST: So you`re putting up half the capital budget versus 35% interest.

Mr. Cooper: Right. We actually get 50% before payout each and 35% after
payout. And we`re buying the after-payout interest partners out. So
we`ll be actually at 50% ownership by the end of this year.

TWST: Are there any limits? Could you conceptually own all of this
company?

Mr. Cooper: Sure. We actually controlled all of it before. But we wanted
to bring in a Russian partner. In my view of the world, it`s better to
own 50% of something than 100% of nothing.

TWST: Does your Russian partner have the financial wherewithal to keep
up with you?

Mr. Cooper: He just finished putting in $7.6 million of his own money.
He has capabilities, yes. People need to realize one thing about Russia.
They`re exporting 3 million barrels of oil every day. And every day, $60
million US is going back into Russia. And that is going not into one
person`s hands. It`s not going into, for example, in some of these
countries like Libya or Iraq or Saudi, it`s not going into a few hands.
In Russia, it`s going into an oil sector, which has a lot of different
oil companies. And those oil companies are all reinvesting in their
fields. It`s an actual working economy. And that`s why Russia is a good
buy long term, because they privatized their sector and that money is
trickling down to everybody in the country.

TWST: Given that, is the equipment available to you to drill the wells?

Mr. Cooper: We have two rigs on our field right now, drilling currently.
So, yes, it is. It`s obviously been tough because the price of oil is up
and when the price of oil is up, the demand for drilling goes up and
it`s tough to find a rig. But we found two rigs.

TWST: Do you have those under contract?

Mr. Cooper: Yes.

TWST: What`s the risk here? What can go wrong?

Mr. Cooper: I think the biggest risk is commodity risk.

TWST: Oil prices?

Mr. Cooper: Right. But that`s inherent risk in the sector. People who
are going to invest in the oil sector, they have to understand that
risk. That`s one risk. And I think you always have an oil sector
drilling risk. We`ve tried to limit that as much as we can, because the
biggest risk in an oil business is drilling. For example, right now in
Wyoming, probably one out of 10 wells is successful, because first of
all, so many wells have been drilled, and a lot of the wells are
wildcat. In Russia, we only drill wells in proven oil fields. So far, we
have been fortunate enough that every single well we`ve drilled has been
a successful well. The only time that we face a problem on our wells is
if they`re not completed properly. But so far, every well we`ve drilled
has been successful from the standpoint of finding oil. Because we know
the oil is there. When you go abroad, you bring on additional baggage,
which is political risk. The biggest risk we had in the past, 1996,
1997, 1998, 1999, was obviously political risk. That risk has been
reduced in Russia. That being said, when you go abroad, whether it`s
Russia or another country, make sure you have no drilling risk. Because
that`s your biggest problem. So that`s why we acquired a proven field.
And that should be everybody`s strategy. The bigger companies, it`s a
different game. Like for example, on the Teton side, we have about $8
million in paid-in capital. And our Russian partner has about $8 million
in paid-in capital. And that`s over a five-year period. When the larger
oil companies in the world go abroad, probably before they even get
started on a field they spend $2, $3, $4 million. We don`t have that
luxury. So we have to go out and find a field we can manage. We know, at
least when we drill, we`re going to get oil. So then if there are some
political issues, we can manage them. Also, sometimes an unstable
country is to the benefit of a company. For example, we were in Russia
in 1998, when the ruble devalued. It devalued from six rubles to the
dollar to 24 rubles to the dollar. Fortunately, on one of our contracts
that we were drilling a well, it was a ruble contract. So in one day, we
saved 75% on a well.

TWST: What does it cost for you to put a well in?

Mr. Cooper: Right now, the current price to drill a development well is
$700,000 to drill and complete.

TWST: How does that compare with US?

Mr. Cooper: It`s hard to compare. We`re in an area that`s relatively
easy to drill. But I`d have to say that the prices are probably
competitive. You`re in an area that you`re getting paid normal prices
for your oil and there have been private drilling companies out there
now for years. And you have the same issues. When commodity prices go
down, drilling slows up and vice versa.

TWST: Is there any problem marketing your oil?

Mr. Cooper: No, no problem marketing. We have been exporting oil for
five years and getting paid in US dollars. But we have a partner, who
when I set the company up, I brought in a partner that`s an oil trader.
And I wanted him involved, because I did not want to get involved in
that end of the business. I wanted to get involved in the production
end. You have access, though. You have a right in Russia to export 35%
of your oil, by law. And you have a right to access the pipeline with
all your capacity in the pipeline to export it into European Russia. So
that`s part of when you acquire the licenses issued by the federal
government, they guarantee you access, as long as you develop the field,
which we`ve done.

TWST: Can you export more than 35%, or is that a limit?

Mr. Cooper: Right now, we`re pretty much limited to 35%. It actually
fluctuates, but the best rule of thumb is 35%. 65% is sold domestically.

TWST: How do you feel about the value the market is putting on the
company?

Mr. Cooper: I think currently it`s undervalued. I think it`s undervalued
for a number of reasons. One, we just started trading in December 2001.
Before that, we had no market makers. So we just started trading.
Second, I think people don`t realize that Teton is the only fully traded
public US corporation that has all its oil assets in Russia. I think
when people realize that, if they want to buy into Russia, it`s good to
buy through Teton, as opposed to buying local Russian stocks. So I think
that`s something that people don`t realize. And I just think over time,
people will recognize that Teton has been there for four years, been
producing oil for four years. Therefore, they have a track record. We
just didn`t show up yesterday. We`ve been there for quite some time.

TWST: Given the valuation, does that make you a target for one of the
bigger companies?

Mr. Cooper: No. We have quite a few of the shares ourselves. Not
personally. I guess the easier way to answer is Teton could be a target.
But what I`ve done over the last four years is, there`s 28.5 million
shares out. I control a little over 6% of those shares. And a group who
started the company with me in Midland, Texas has about 10%. Another
group in Denver has a little under 10%. And then, the other people who
came in, most of those people were people who I brought in. So if there
was a takeout by the company, at the shareholder meetings when we
discussed it, it would be discussed among pretty much everybody that
I`ve brought into the deal.

TWST: So it would have to be a friendly deal.

Mr. Cooper: Right.

TWST: It would seem that at current values, you might be attractive to
somebody.

Mr. Cooper: Sure. I`d be interested. What would be more interesting to
me is to have a strategic alliance with another oil company that wanted
to come in and work in that part of the world. We would love to be in a
situation like that.

TWST: If you had more money, could you develop faster?

Mr. Cooper: Definitely. We would drill more wells, increase our cash
flow and we would acquire additional oil fields. Because people bring
the opportunities on a weekly basis. Because I`ve been in Russia first
with this company and a previous company for almost 10 years. So people
bring me good oil fields to look at.

TWST: Is there anything else that we should have touched on?

Mr. Cooper: No. I just think that Russia is a good opportunity. The
current administration is very favorable to oil companies. They`re
cutting corporate income tax. It`s down to 24%. Personal is 13% in
Russia. They cut the excise tax for us, exporting our oil, by $2 a
barrel, which affects us on the bottom line directly, makes it much
better for us. Third, I just think we`re worth looking at because we
have a good oil field with production.

TWST: Thank you. (TM)

H. HOWARD COOPER
President
Teton Petroleum Company
P.O. Box 774327
Steamboat Springs, CO 80477
[phone]
www.tetonpetroleum.com
e-mail: [e-mail]




* * * W. B. J. * * *

[WarrenBuffetJunior]

bei Käufen sollte man den US Kurs im Auge behalten. In D. bisher sehr dünner handel ( oft Aufgeld )

W.B.J.

[benaco]

Ich habe auch TTPT im Depot, möchte aber nicht weiter empfehlen da hier im Board viele Anleger sind ( die jeden wert sich anlachen) und später umhermaulen wenn das ganze nicht läuft.

[panhandler]

klingt interessangt. aber ich bevorzuge da eher noch gasco energy, nicht ganz so riskant, aber schlägt sicherlich auch bald ein; seriöses management und haben auch schon positiv aufhorchen lassen

[benaco]

Sicher GasCo habe ich auch im Depot bin damit schön im Gewinn, die habe ich meinen Freunden empfohlen (zb Po944
BMW-Hans) sind damt bis jetzt zufrieden, aber warten wir erst ab.

[WarrenBuffetJunior]

nehmen wir Gasco mit in die Disskusionsrunde auf.

Auch auf meiner Watchlist befindet sich dieser Wert seit längerem.


hier die heutige AdHoc:
( was haltet ihr davon ? )


Gasco erhöht seine potenziellen Förderflächen durch einen Landtausch mit El Paso
DENVER, 7. März 2002-- Gasco Energy, Inc. (OTC Bulletin Board: GASE) gab heute bekannt, ein strategisches Landbesitz-Tauschgeschäft im sogen. Uinta Becken von Utah mit der El Paso Corporation erfolgreich durchgeführt zu haben. Im Rahmen der Transaktion erhält Gasco bis zu 2.251 Morgen Land, im Uinta Becken nahe des Riverbend Projekts gelegen, im Austausch für Ertragsrechte von El Paso an 10.850 Brutto-Morgen Land (d.s. 2.713 Netto-Morgen) in den sogen Wasatch-Formationen. Gasco erhöht damit substanziell seine Arbeitskapital-Anteile im Uinta Becken, wobei der Tausch ein 1:1-Geschäft auf der Basis einer Netto-Morgen-Rechnung ist. Das Landstück, das Gasco hiermit hält, besitzt schon vier Gasbohrstellen, von denen zwei fündig wurden, und von denen drei Bohrungen vor dem Pipeline-Anschluss stehen.

Mike Decker, Gascos Executive Vice President und COO, sagte: „Dieser strategische Vermögenstausch ist Frucht unserer Bemühungen zur Erweiterung unseres potenziellen Bohrgebietes. Die Transaktion bringt für Gasco einen 100%-Anteil in den geologischen Schichten Wasatch, Mesaverde, Mancos und tieferen Schichten, was eine sehr hohe Ausweitung im Vergleich zum vorigen 25%-Anteil bedeutet. Zusätzlich besitzen wir damit eine noch größere Zahl von potenziellen Bohrstellen mit Anschlussmöglichkeiten an Pipelines, was unsere Cash-flow-Rate bald erhöhen kann.“

Das Uinta Becken ist seit langem als erdgasfündiger Landstrich bekannt und hat in jüngster Zeit eine gesteigerte Erschließung durch zahlreiche Erdgas- und Erdölbohrungen erfahren. Mehr als 99 Bohrstellen hat Gasco im Rahmen seines Riverbend Project in den Mesaverde-Schichten des Uinta Beckens in den letzten zwei Jahren angefahren, wobei sich nur eine Bohrstelle als fundleer erwies.

Über Gasco Engergy Die in Denver (USA) ansässige Gasco Energy ist ein Erdgas- und Ölprospektions-und -förderunternehmen das in den Rocky Mountains Erdgasvorkommen aufsucht und erschließt. Gasco hält zur Zeit mehr als 150.000 Morgen potenzielle Förderflächen in Utah und hat sich in einem Gemeinschaftsabkommen mit anderen Unternehmen eine Fläche von 330.000 Morgen möglicher Fördergebiete im Greater Green River Becken in Wyoming gesichert.

Antizipierende Mitteilung (forward-looking statements) Die hier enthaltenen Angaben können vorausschauende Aussagen, „forward-looking statements“ enthalten wie sie das amerikanische „Private Securities Litigation Reform Act „ aus 1995 definiert. Da solche Angaben mit Unsicherheiten und Risiken behaftet sind oder sein können, können sich die tatsächlichen späteren Resultate erheblich von den früher verlautbarten bzw. prognostizierten unterscheiden.



W.B.J.

[WarrenBuffetJunior]

für alle die über GASCO noch nicht so viel wissen :

Mark A. Erickson ist CEO und President der Gasco Energy Inc. Er war vormals Gründer, Senior Officer und Direktor von Pennaco Energy Inc., die Landanteile im „Powder River“ Becken in Wyoming besaß. Davor war er President der RIS Resources (USA). Erickson ist geprüfter Erdöl-Ingenieur und hat an der „Colorado School of Mines“ einen „Master of Sciences“ im Fach Montanistik. Er besitzt 17 Jahre Berufserfahrung in den Bereichen Unternehmensentwicklung, -aufbau, -finanzierung, strategische Planung, Marketing, Projekt-Management und Erdölförderung. Das Erdgas- und Erdöl-Unternehmen Gasco Energy Inc. mit Stammsitz in Denver ist in der Exploration von Erdgasfeldern in den Rocky Mountains in den USA tätig. Das Unternehmen hält durchschnittlich einen Working Capital-Anteil von 48% an den 159.000 Brutto-Morgen Landfläche im Uinta Becken in Utah, die es mit seinen Industriepartnern Phillips Petroleum, EOG Resources, El Pasco Energy Corporation und Dominion Exploration & Production erschließt. Für Wyomings „Greater Green River“ Becken ist Gasco mit Burlington Resources ein gemeinschaftliches Förderprojekt eingegangen, das 332.000 Morgen Land umfasst. Innerhalb dieses gemeinsamen Förderprojekts hält Gasco im Moment 25% bis 50% an bis zu 120.000 Morgen Land. Gascos Aktien werden seit dem 13.11.2001 unter dem Kürzel „GEJ“ an der Frankfurter Börse gehandelt.

Energygate: Welche Aussagen würden Sie über Erdgas in Bezug auf Ihr Unternehmen und die USA insgesamt treffen?

Erickson: Wir können mit Stolz auf die Stellung blicken, die sich Gasco in den Rocky Mountains erarbeitet hat. Wir sind einer der großen Landeigner im „Uinta“ Becken in Utah und haben mit Phillips Petroleum ein Explorationsabkommen abgeschlossen und sind eine erst kürzlich verlautbarte strategische Partnerschaft mit Halliburton Energy Services eingegangen. Zusätzlich sind wir auch im „Greater Green River“ Becken in Wyoming engagiert, wofür wir ein Förderabkommen mit Burlington Resources abgeschlossen haben. Das „Uinta“ Becken gilt als Nummer 1 unter den Hoffnungsgebieten für Erdgasvorräte in den Rocky Mountains und das „Green River Becken“ als Nummer 2. So können wir zufrieden mit dem bisher Erreichten sein und zuversichtlich in die Zukunft blicken. Warum? Weil der Rohstoff Erdgas die Zukunft der Energieindustrie der Vereinigten Staaten darstellen wird.

Nordamerika besitzt eine großartige Chance seinen Energie-Bedarf durch Erdgas selbst abzudecken und seine Abhängigkeit von fremdem Öl zu reduzieren. Wir erleben zur Zeit einen kurzfristigen Nachfrage-Rückgang bei hohem Angebot, was, wie ich glaube, auf die elektrischen Kraftwerke zurückzuführen ist, die langsamer in Betrieb gehen als erwartet wurde und ein Grund mag auch in der Rezession liegen. Aber auf längere Sicht glaube ich fest daran, dass die makroökonomischen Ausgangsbedingungen eine gute Basis für einen steigenden Bedarf und Absatz von Erdgas mit sich bringen werden.

Energygate: Wird die Industrie diesen Bedarf decken können?

Erickson: Der kritische Punkt liegt darin, dass die Industrie in den letzten 18 Monaten in eine Schieflage gekommen ist, dadurch dass sie mehr als 1.279 Förder-Aufrüstungen in den USA eröffnet hat. Mit diesen Bohraktivitäten wurde aber nur eine Produktionssteigerung von 1% erzielt. Wir glauben aber an prognostizierte Nachfrage-Erhöhungen von 0,5 bis 1,5% pro Jahr. Das wirkliche Problem in der Industrie liegt heute darin, dass sie auf Vorkommen von niedriger Qualität und von geringen Größen reflektiert. Wenn Sie auf konkurrente Landflächen in Nordamerika schauen, etwa einen anderen großen Produzenten, Kanada, dann ist dort die selbe Position wie wir hier in den USA gegeben.

Die Erdgasvorkommen, die in den seichten Gewässern des Golfes von Mexiko aufgespürt wurden, werden immer kleiner. Und auch die Fördermengen! Es kommt vor, dass ein Vorkommen am Beginn eines Jahres entdeckt wird und es Ende des Jahres erschöpft ist. Alles was sich auf der Einnahmenseite der Unternehmen befindet, kommt von der Produktion – und die Vorkommen sind so klein, dass sie niemals Eingang auf der Seite der Position „Reserven“ finden. In den tieferen Gewässern des Golfes wiederum bestehen die Vorkommen vor allem aus Öl, und nicht Erdgas, wie man früher dachte.

Energygate: Was heißt das für die Industrie?

Erickson: Die Antwort heißt: Mehr Erdgas aus bisher vernachlässigten, unkonventionellen Arten von Vorkommen zu gewinnen, also Erdgas aus Beckenlagen, aus komprimierten Gassanden, Erdgas aus Methanvorkommen wie sie sich in Kohlenflözen befinden, Erdgas aus Schiefersanden. Solche Vorkommen gibt es am „Powder River“, dem „Black Warrior“, den Becken von San Juan.

Die Industrie ist sehr fixiert auf die Identifikation von neuen Vorkommen in Methan in Kohlenflöz-Schichten; wobei jeder das selbe macht. Jedes dieser Vorkommen braucht viel Zeit und Wissen, um es „pipeline-fertig“ zu bringen. Es gibt eben signifikante geologische Bedingungen die die Ausbeutung dieser Vorkommen sehr arbeits- und kapitalintensiv machen. Aber, einmal den Schlüssel gefunden, hat man Zugang zu einem gewaltigen Potenzial. Das Becken im „Powder River“ hat vor fünf Jahren höchstens 20 MMcf täglich ausgestoßen. Heute liegt es bei irgendwo bei rund 600 MMcf täglich und wird für die nahe Zukunft auf 800 MMcf täglich geschätzt.

Bei den komprimierten Gassanden ist das „Jonah Field“ in den Rocky Mountains in Südwest-Wyoming ein sehr gutes Beispiel. Das ist ein Gebiet in dem Gasco eine sehr vielversprechende Position innehat. Wir haben genügend Hinweise, um das Vorkommen einschätzen zu können, aber es ist eben dann die Frage moderner wissenschaftlicher Methoden und Technologien, um herauszufinden, wo sich die Gasfelder innerhalb der Vorkommen näher an der Oberfläche befinden. Anstatt das „Jonah Feld“ für zwei Millionen Dollar anzubohren, sind wir dabei, es durch seismische Untersuchungen zu prospektieren. Das ist auch einer der Gründe für unsere Kooperation mit Burlington Resources. Dasselbe gilt für das „Uinta“ Becken, wo die Vorkommen auch in großen, kompakten Sandschichten eingebettet sind.

Energygate: Wie sieht Gascos Geschäftsmodell aus?

Erickson: Unser Geschäftsmodell ist es, mit modernen Bohrtechnologien eine Reihe von Pilot-Bohrungen durchzuführen, wobei die dabei Anwendung findenden Technologien von den Mitbewerbern auf unseren Landarealen noch nicht eingesetzt wurden. Diese Bohrungen eröffnen tausende Investment-Gelegenheiten durch vermutliche, aber auch bestätigte, bis dahin unentdeckte Vorkommen. Dieses strategische Explorations-Modell schafft einen Wert, der unser Unternehmen zum Akquisitionsobjekt für größere Unternehmen macht. Das ist unser Geschäftsmodell. Wir wollen binnen kurzer Zeit und zwar binnen drei bis fünf Jahren große Werte und Wertsteigerungen schaffen mit unkonventionellen Methoden und Technologien in der Erdgasprospektion. Später einmal wollen wir auch in Kohlenflözen vorhandene Vorkommen in Angriff nehmen, ein Gebiet auf dem wir auch schon einiges an Erfahrung gewonnen haben.

Wenn wir unser Konzept und die von uns verwendeten Techniken stichhaltig machen können, und wir sie an mehreren Stellen eines Beckens erfolgreich zum Laufen bringen können, dann besitzen wir für große Unternehmen beträchtlichen Anreiz. Dann nämlich wird klar, dass die anderen, umgebenden Areale und Schichten auch förderbares Potenzial besitzen. Wenn Sie Pennaco heranziehen, hatte das Unternehmen bestätigte Reserven von 200 Millionen Dollar, aber Marathon bezahlte 500 Millionen Dollar dafür, also mehr für die vermuteten als für die bestätigten Reserven. Das ist ein Beispiel für etwas, das ich ein dramatisches Ereignis zu nennen pflege, wie sie möglich sind und auch wirklich geschehen. Viele große Unternehmen wollen nicht einsteigen, bevor die Reserven bestätigt sind, denn sie warten auf kleine, unabhängige Unternehmen die die Reserven verifizieren. Und die „Unabhängigen“ prospektieren an rund 80% aller Bohrstellen in diesem Land.

Energygate: In welchem Zyklus befindet sich die Erdgas-Industrie im Moment?

Erickson: Wir sehen uns in einem neuen Zyklus. Als ich in die Industrie ging, waren zwischen den Hochs und Tiefs vier, fünf, sechs Jahre dazwischen. Nun haben sich die Zyklen auf rund 18 Monate reduziert, als Resultat einer strafferen Angebots-Nachfrage-Beziehung in Nordamerika. Das einzige, was uns im Moment rettet, und dabei meine ich die ganze US-Volkswirtschaft, nicht nur die Erdöl- und Erdgas-Industrie, ist, wie sich Tom Petrie (Petrie Parkman & Company in Denver und Houston) vor eineinhalb Jahren vorausschauend ausdrückte: „Das einzige was die USA rettet, die privaten Konsumenten, ist die drohende Rezession“.

Petrie war damals der einzige, den ich kenne, der über eine Rezession zu reden begann. Und er sagte, dass die Rezession den Erdgas-Verbrauch sinken lassen würde, der Gaspreis fallen würde und die Vorräte wachsen lassen würde. Natürlich hatte Petrie darin Recht, dass die Rezession den Erdgas-Nachfrage sinken lassen würde, sich der Bedarf reduziert, und die Konsumenten vor höheren Preisen bewahren würde, aber die Erdgasindustrie nahm sich nicht zurück. Und zwar deshalb weil die Industrie sagte, O.K., 10 Dollar für Gas ist großartig, auch 7 Dollar, und 5 Dollar und 4 Dollar und 3 Dollar. So behielt die Industrie Rekord-Förderquoten bei, bis der Preis in der Folge jäh abstürzte. Die Vorräte an Erdgas sind zur Zeit auf einem Rekordniveau und wenn dieser Vorrat vor dem nächsten Sommer nicht zur Neige geht, werden wir auch niedrigere Erdgaspreise sehen. Wegen der niedrigeren Preise fallen die Aufrüstungskosten der Förderungen von 13.000 Dollar auf 6.900 Dollar täglich.

Energygate: Also auch hier, „des einen Leid ist des anderen Freud“?

Erickson: Wir sehen eine wirkliche große Chance heraufkommen, die es einem Unternehmen mit guten Produktionsstandorten und guten Kapitalressourcen möglich macht, zu diesen Preisen zu fördern und dann in einen hochpreislicheren Markt zu verkaufen – denn langfristig ist Erdgas ein „bullish-Wert“.

Mit Zykluszeiten von 18 Monaten ist das Ganze durchführbar. Und mit wem soll man das Spiel spielen? Unternehmen wie Devon, Anadarko, Burlington Resources, El Paso und Phillips. Diese haben alles Geld der Welt um andere Unternehmen übernehmen zu können. Gasco ist von ihnen verschieden, denn wir können nicht mit ihnen mithalten: Sie borgen Geld für 2%. Da können wir nicht mit. Unsere Möglichkeiten liegen vielmehr darin, schnell zu agieren, das Interesse eines Großunternehmens auf uns zu ziehen, sie als Partner an Bord zu holen, das Vermögen zu vermehren, Werte zu schaffen und dann zu verkaufen. Und dann beginnt das Ganze von vorne. Unser Geschäftsmodell, erinnern Sie sich, wir wollen uns binnen zwei, drei Jahren als Kaufgelegenheit positioniert haben, maximal binnen fünf Jahren.

Energygate: Zielen Sie dabei gleichermaßen auf Käufer aus dem öffentlichen Sektor wie aus den E & P Unternehmen?

Erickson: „Öffentliche“ rangieren natürlich immer ganz oben. Sie müssen einen Teil ihrer Nachfrage aus eigener Produktion abdecken. Das können sie durch langfristige Verträge schaffen. Oder sie können die Produktion durch den Kauf von Reserven abdecken. Ich habe für mehr als 10 Jahre bei Montana Power gearbeitet, wobei ich versuchte, Strategien und Projekte zusammen zu führen, die in unabhängige Kraftwerksprojekte investierten. Mein Unternehmen hat dabei mit großen Hebelwirkungen gearbeitet. Der Schlüssel zum Gelingen war die Sicherstellung von Gaslieferungen für die Kraftwerke. Wir schlossen auf der anderen Seite dann wieder Langzeit-Lieferverträge mit den Kraftwerken ab, und benutzten diese Verträge um Gas-Reserven zu erwerben. Wir kauften auf lange Sicht Gasreserven und für kurze Zeiten welche am freien Markt. Warum? Weil wir die kompakten Gasreserven nicht fördern mussten und keine Servicekosten hatten. Es gibt eine Menge von Dingen, die sich mit kompaktem Gas bewerkstelligen lassen. Wir verdienten Geld ohne eine einzige Bohrung.

Energygate: Können Sie uns die Hürden auf dem Weg der Gasförderung nennen?

Erickson: Die Industrie braucht Geld. Viel Geld. Aber immer wenn Kapital reinkommt, verfällt der Preis. Deshalb schielen die Kapitalgeber auf diese Industrie. Irgendetwas muss stattfinden, dass überhaupt erst Kapital zu fließen beginnt. Und es geht nicht nur um die Eröffnung von Bohrungen, sondern auch darum Pipelines zu verlegen, Erdgaskraftwerke zu bauen, also die gesamte Kette.

Weiters hat die Industrie keine Leute. Als ich in dieses Segment einstieg, waren hier zwei Millionen beschäftigt. Jetzt sind wir bei weniger als einer halben Million glaube ich. Und wie soll man Leute noch dazu zurückbekommen wenn Sie jedes Mal am Ende eines Projektes wieder gehen müssen?

Die dritte Hürde ist die gewaltige Unsicherheit, die der Zeitachse einer Förderprojektes anhaftet, hervorgerufen von gesetzlichen und umweltpolitischen Restriktionen.

Energygate: Wie ist die Industrie mit diesen Hürden zurechtgekommen?

Erickson: Was haben wir getan? Wir haben die Leute durch Technologien ersetzt und waren im Stande durch bessere Technologien mehr Felder aufzuspüren. Wir mussten uns auch Gedanken darüber machen, wie man mehr Kapital anziehen kann, und dafür braucht man stabile, hohe Preise. Man kann bei einem Gaspreis von zwei Dollar nicht expandieren. Aber höhere Gaspreise rufen meist eine öffentliche Diskussion über Preiskontrolle hervor, und das hat das Wachstum der Gasbranche auch nicht gerade angekurbelt.

Energygate: Haben die Leute nichts aus dem Fiasko der Preiskontrolle während der Carter-Regierung gelernt?

Erickson: Sehen Sie sich Kalifornien an! Es gibt dort noch immer genügend Leute die darauf warten, wieder Fuß zu fassen und die Industrie zu regulieren. Und wenn Volatilität in den Markt kommt, wird der Druck einzusteigen und die Preise zu kontrollieren immer höher.

Wir brauchen stabile, vorhersehbare Preise in einer Höhe, die profitabel ist – und das sind drei bis vier Dollar. Meiner Meinung nach ist der freie Markt für die Industrie am besten, besonders für kleine unabhängige Unternehmen. Anreize klingen gut, aber ich bin mehr für die Freigabe des Markts. Den Märkten muss freier Lauf gelassen werden, und unterdessen die Zyklen ausgeglichen werden, denn wirklich hohe Preise geben der Industrie zu viel Impuls und schaffen ein Überangebot, was den Markt zerstört und auf uns zurück fällt. Das Gute an hohen Preisen ist andererseits, dass es das allgemeine Interesse auf den Energiesektor zieht.

Deshalb sind langfristig stabile und vorhersehbare Preise das Beste für die Industrie, da sie mit vorhersehbaren Servicekosten einher gehen. Der erste Fingerzeig für Schwierigkeiten ist der Sprung der Gaspreis auf 50 Cents pro Gallone. Zwar materialisieren sich die Schwierigkeiten nicht, aber es braucht 30 oder 60 Tage bis die Gaspreise wieder fallen. Serviceunternehmen tun das selbe. Wenn sich die Gaspreise erhöhten, sahen wir uns auch einer Erhöhung der Servicekosten von 100% gegenüber.

Dann kollabierten die Preise wieder und als die Unternehmen die Aufrüstungen zurückschraubten, kehrten die Servicekosten auf ihr Normalniveau zurück. Deshalb ist es heute nicht schwierig, die Investoren davon zu überzeugen, dass wir binnen 18 Monaten von jetzt an, auf ein Niveau von drei bis fünf Dollar Erdgas kommen werden. Und warum soll man nicht Bohrungen mit Servicekosten für einen Zwei-Dollar-Preis hochziehen, wenn man das Gas auf einem drei bis fünf Dollar Markt verkaufen kann?

Energygate: Woher wird die Technologie kommen?

Erickson: Wer entwickelt diese Technologien? Halliburton ist hier ein führendes Unternehmen. Wo wir die größten Verbesserungen sehen, das ist die Fördertechnologie. Wie wir heute Bohrungen anfahren, und wie schnell wir das tun, das hat sich in den letzten fünf Jahren enorm gewandelt.

Die großen, wie BR, sind alle mit Halliburton gleichgezogen, und kooperieren mit den Universitäten um neue Technologien zu schaffen, wie wir sie brauchen. Unabdingbar notwendig ist es, niedrigstpreislicher Produzent zu sein. Wenn man mit geringsten Kosten anbieten kann, ist man auf der richtigen Seite.

Energygate: Ist die Industrie als Ganzes auf der richtigen Seite oder besteht sie den Deckungsbedarfs -Test nicht?

Erickson: Unsere Lebensart, unser ganzes ökonomisches System basiert auf einem Niedrig-Preis-Energiemarkt und wenn wir das ausschalten würden, würden wir den Schlüsselfaktor herausnehmen. Wenn die Leute in den USA nach Niedrig-Preis-Energie rufen, dann wird die Politik aktiv, also wirklich effektiv und effizient. Regierungen handeln bei Anlassfällen, immer am effektivsten und das ist der Zeitpunkt wo wir voran sein könnten.

Die Erdgasressourcen sind da, aber ohne Kapital und ohne Menschen wird die Industrie schwierigen Zeiten entgegenblicken um den Bedarf abzudecken. Die Industrie kann aber auch nicht bohren wenn sie nicht rechtzeitig Genehmigungen und Landzugänge erhält. All das ist für eine erfolgreiche Tätigkeit wichtig. Aber unglücklicherweise sehe ich keine Lösung dieser Aufgaben vor der nächsten Energiekrise.

Der Kongress ist ungerührt und wird diese Aufgaben auf keinen Fall im Jahr 2001 angehen. Wir müssen unsere Aktivitäten um 50% steigern. Wir werden den nötigen Kapitalbedarf nie erlangen, wenn wir nicht stabil und vorhersehbar sind.

Von einem egoistischen Standpunkt aus, besitzt Gasco eine sehr gute Ausgangslage die jetzt kommenden schwierigen Zeiten zu überleben und sogar zu prosperieren. Aber viele andere in der Industrie werden es nicht schaffen. Natürlich vor allem dann, wenn wir in eine große, längere und weltweite Rezession eingehen.

Energygate: Was halten Sie von der Debatte über die nationale Energie-Politik?

Erickson: Ich kann nur sagen, dass sie jene Ergebnisse bringt, die ich brauche. Zugang zu öffentlichem Land, schnellere Genehmigungen, vereinheitlichte staatliche Bestimmungen – das sind Nummer 1-Aufgaben. Wir sprechen über lokale, bundesstaatliche und gesamtstaatliche Dinge, und es gibt nicht nur mehrere Behörden, sondern auch mehrere Kompetenzen in der selben Behörde. Im „Powder River“ Becken braucht es ungefähr 38 Genehmigungen um eine Bohrung durchzuführen. Die bürokratischen Hürden sind schwieriger zu überwinden als die technischen. Solange uns die Bürokratie fesselt sind wir gelähmt.

Man kann nicht alle Genehmigungen bei einer Stelle und binnen kurzem bekommen. Es braucht 9 bis 12 Monate an Zeit, und das macht es so schwierig das nötige Kapital aufzutreiben, wenn es das Risiko gibt, auf halbem, erfolgreichem Weg gestoppt zu werden.

Energygate: Glauben Sie, dass Umweltschutz-Gedanken zu viel Berücksichtigung erfahren?

Erickson: Niemand will die Umwelt zerstören. Ich wurde in Montana geboren und bin dort auch aufgewachsen. Ich liebe die Natur. Ich möchte sagen, dass ich ein ernsthaft ökologisch denkender Mensch bin, aber ich kein Freund von Naturschutzgebiet.

Das mag jetzt extrem klingen, aber ich glaube dass die Umwelt-Lobbyisten zuviel nach Naturschutzgebieten schreien. Diese Leute sehen das Land als eine einzige Wildnis an und sie möchten am liebsten alle Erdöl- und –gasförderstellen geschlossen sehen.

Energygate: Welche Rolle wird Erdgas in der Brennstoffzellentechnik spielen?

Erickson: Die Brennstoffzelle ist eine aufregende Neuentwicklung und jetzt schon ein zusätzlicher Nutzen für Erdgas. Ich glaube es gibt noch keinen eindeutigen Gewinner unter den Energieträgern, die Ausgangsbasis der Brennstoffzelle sein werden. Aber ich weiß sehr genau, dass wir alles nur Mögliche tun müssen, um unseren Energiebedarf in Nordamerika selbst abzudecken. Ich sage Nordamerika weil es nach meiner Meinung eine eigene abgeschlossene Ökonomie ist, und ich Lieferanten außerhalb Nordamerikas nicht dazurechne. Und ich meine Energie in einem umfassenden Sinn – also alle Arten. Einige sind sehr klein im Moment, etwa Windenergie, aber sie alle können ihren Beitrag zur Autarkie leisten: Erdgas, Windkraft, Kohle, Öl, alle.



W.B.J.

[habkeingeld]

hallo warren

schau dir doch mal NLG an,
Nelson Resourses Limited.wir in Toromto gehandelt.



http://www.nelsonresources.com/

bin schon etwas länger babei.

gruss habkeingeld

[ass24]

@ habkeingeld

danke, die kannte ich bisher noch nicht

Welche Facts stecken hinter dieser deutlichen Wertsteigerung in den letzten Tagen ?


Kann es sein, dass es bei NelsonResources über 400.000.000 Shares gibt ? Das wäre ja eine horrende Bewertung ???

Im Jahr 2000 waren es lediglich 125 Mil. Shares ..... puh.... das sieht aber überhaupt nicht gut aus !!!
( mal überhautp nicht die ganzen Options mitgerechnet - als Junior von WarrenBuffet kann ich das nur verurteilen )


Was gefällt dir an der Firma ??

Die knapp 300Mil. Öl-Reserves sind ja auch nicht gerade viel für Chance/Risko in Kasachstan


wie siehst du das ?




Wochenschlusskurse :

Teton Petr. : 0,44 US dollar
Gasco Energy : 2,19 US dollar


W.B.J.

[WarrenBuffetJunior]

@benaco

seit wann bist du in Teton investiert ?


Mal schaun ob wir noch einige interssante Öl-Perlen zusammenbekommen.

allen eine schönes Wochenende

W.B.J.

[WarrenBuffetJunior]

TMEI is an independent oil and gas exploration and production with headquarters in Houston, TX. TMEI holds a license for the South Alibek Field in Kazakhstan, which is adjacent to the Alibekmola license held by Kazakhoil Aktobe. Nelson Resources Ltd., a Toronto Stock Exchange-listed company, owns 50% of Kazakhoil Aktobe.



ist das interessante an Nelson, dass sie sich 50 % an Kazakhoil Aktobe gesichert haben ?

Kennt sich bei Kazak jemand aus ?
Könnte man nicht Kazak direkt kaufen ?


Und was ist mit Trans Meridan ? Wie sind die dezeit bewertet ?

hm... interessant ... ich schau mir mal das ganze etwas genauer an.

An Transmeridan wiederum ist Tracer Petroleum beteiligt. Hm....

Hört sich recht interessant an.


W.B.J.

[habkeingeld]

hab da noch zwei kleine Fa. bin aber noch nicht dazu gekommen
weitere researchen zu machen.

1. Tartan = TEW.V

2. Bow Valley = BVX.TO

zu Nelson,es ist auch interessant dass CAIH
(Central Asia Industrial Holding N.V.) mit ca. 80%
beteiligt ist, die auch 30% von Hurricane halten

gruss habkeingeld.

[benaco]

@WarrenBuffetJunior
Also Teton mit kleinen Posten am 14.02.02
GasCo einen kleinen Posten am 17.12.01


gruss benaco

[habkeingeld]

noch was vergessen,
schau mal hier rein,ist schon interessant wer da alles
am werkeln ist




http://www.eia.doe.gov/emeu/cabs/kazaktab.html

http://www.eurasianet.org/resource/kazakhstan/index.shtml

gruss habkeingeld

[WarrenBuffetJunior]

hier wichtigige Infos zu Tartan :

Authorized 80,000,000
Issued 77,869,250
Market Cap. 28,032,930

akt. Kurs : 0,36 Can Dollar

ich komm so auf ungef. mind. 50 - 80 Mil. Barrel Reserves !!!

Des weiteren bestehen noch Gasreserven !!!


@habkeingeld

was ist denn dein Liebling ? Und vor allem was stimmt dich bei Nelson so positiv ?

erzähl doch mal bitte etwas mehr über Nellson - die laufen ja täglich weiter

Vorsicht aber : da hat sich vor dem Kurssprung einer mit einigen Millionen Shares eingedeckt ( Handel über 4 Mil. Shares ) - und das bei 0,25 !!!!


also bitte erzähl mir mal ein wenig mehr über diese Bude

ich kann mir nicht vorstellen, dass wir wirklich eine Marktkap. von über 200 Mil. Can Dollar haben - wo liegt mein Fehler ???

hat mir einer von euch nicht die korrekte Zahl der issued shares ???



W.B.J

[WarrenBuffetJunior]

zu Nelson Res. ( NLG ) :
==========

ok hab jetzt nochmals an der TSE nachgesch.

Quoted Market Value 334,608,573
# of Shares Outstanding 434,556,588

Meine güte was steckt da dahinter und vor allem wer sorgt da dafür, dass die Marktkap. täglich deutlich weiter aufgebläht wird ????

du sagtest, dass mehr als 80 % in festen Händen sind ????

hm....

Was für einen Wert errechnest du für Nelson ?



W.B.J.

[benaco]

HI po944
Hast du jetzt gekauft oder hast du noch am 8.3 zugeschlagen.
Schreibe doch mal.

gruß benaco

[habkeingeld]

@W.B.J.

zu Nelson traue ich mich nicht eine aussage zumachen,
solange der trend aufwärts geht bin ich dabei
da sind mir die kennzahlen sowas von egal denke aber bei
diesem umfeld könnten 1 C$ drinn sein(KK 0.32).

zu Tartan, der einzige fehler ist für mich,dass sie in USA
tätig sind, ansonsten sehe ich da noch potential,werde mir
aber mal einge ins depot legen,jedoch ist vorsicht geboten
da es ein markteinger wert ist,mal sehen was draus wird.


gruss habkeingeld

[benaco]

@ass24
kann seind das du damals schwer in TBU eingestiegen bist.
Ass24 ist mir irgendwie bekannt.

[ass24]

@benaco

ja TBU war eine gewaltige Bauchlandung.

Da es sich jedoch eindeutig um Kapitalbetrug handelte, konnte ich leider trotz ausführlichem Research den Haken damals nicht finden.

Erst nachdem der Kurs bereits deutlich nachgegeben hatte, konnte ich zum Ausstieg raten


ass24

[benaco]

@ass24
Ich selber habe mit TBU gezockt und ein wenig gewinn gemacht, allerdings kenne ich einen der hat da ein schönes minus eingefahren.

[Po944]

Ciao benaco du meinst bestimmt mich mit TBU, das war echt ein beschieß. Die benannten Aktien habe ich mir am 8.3 zugelegt, ein bekannter (BENNIZEN) hat sich heute eingedeckt mal schauen was sich da ergibt.

Das Beste für alle am Board po944

[WarrenBuffetJunior]

so ich würde es nun begrüßen, wenn wir uns wieder der Suche nach deutlich unterbewerteten Aktien machen. ( speziell aus dem Energie-Sektor )

Eine TBU oder Travelbyus.com verdient es sicherlich nicht unter Gesichtspunkten einer "Investition" erwähnt zu werden.

Es ist zwar sehr traurig, wie ungehindert hier viele Leute um ihr Kapital betrogen wurden - doch genau desshalb : WarrenBuffet und Benjamin Graham

akt Kurse :

Teton Petr.
0,43 US Dollar



W.B.J

[habkeingeld]

nur zur Info.




Monday March 11, 12:29 pm Eastern Time

Press Release
SOURCE: Nelson Resources Ltd.
via BCE Emergis e-News Services

Nelson Reports Option Agreement For Hydrocarbon Fields

Toronto, Ontario

Nelson Resources Limited (TSE:NLG - news) today announced that it has entered into an option agreement with National Oil and Gas Company ``KazakhOil``, the
predecessor of National Company ``KazMunaiGas``, to acquire a 25% participatory interest in Zhambai LLP, a wholly owned subsidiary of KazakhOil, which holds
a license for the exploration and production of hydrocarbons at offshore blocks South Zhambai and South Zaburunye in Atyrau Oblast in the Republic of
Kazakhstan. The South Zhambai and South Zaburunye structures are located in the North Caspian region close to the Volga River delta.

The option may only be exercised after conclusion of a financing agreement between KazakhOil and Nelson, which has yet to be agreed upon. In order to exercise
the option Nelson must: (i) pay to KazakhOil amounts linked to reserves on the announcement of discoveries of commercially recoverable hydrocarbons during the
effective period of a production sharing agreement (the ``PSA``) with the Kazakh Government, (ii) reimburse 50% of the historical costs incurred by KazakhOil with
respect to operations of such oil fields, and (iii) issue a guarantee with respect to KazakhOil`s obligations under the PSA.

In the event of exploration success, it is likely that the development will be done through a network of islands and causeways. It is believed that the South Zhambai
and South Zaburunye structures may have the same type of reservoirs and hydrocarbons as the Astrakhan and Kashagan fields. The structures are located in close
proximity to existing pipelines.

Nelson`s other oil and gas interest, Kazakhoil Aktobe LLP (50% owned by Nelson and 50% owned by KazakhOil) holds the licence for the Alibekmola and
Kozhasai oil and gas fields. These fields are situated in the Mugalzhar Region of the Aktiubinsk Oblast (region) of western Kazakhstan. The Alibekmola and
Kozhasai oil and gas fields have estimated recoverable reserves of approximately 500 million barrels of crude oil and 690 billion cubic feet of natural gas. Prior to the
acquisition of oil assets, Nelson operated solely as a gold miner and explorer in Tajikistan, Central Asia.

[WarrenBuffetJunior]

@ habkeingeld

bitte besorg mir doch noch einige Infos zu
Nelson

( Reserves, Pläne für Earnigs, ... )

Denen ihre Holdings sind wirklich der Hammer -
die haben ja in Kasachstan das große Los gezogen !!!

und sind mit über 300 Mil. bewertet - und das bei weniger als 10 Mil. Umsatz ??? !!!!


was steckt da dahinter ????


W.B.J.

[WarrenBuffetJunior]

nehmen wir doch noch 2 meiner alten Russenlieblinge mit auf :

sibneft und tatneft



Sibneft (Sibirskaya Neftianaya Compania) ist Rußlands 5. größte Ölgesellschafft und durch das sehr starke Wachstum auf dem Weg zur Nr. 5. Man ist in Sibirien tätig. Im August 1995 entstand die Firma aus den Firmen Noyabrskneftegaz, Omsker Raffinerie, Omskerölprodukte und der Explorationsgesellschaft Noyabrskneftegazgeophysics.

Den geprüften Reserven nach liegt Sibneft unter den Top 20 der Welt und noch vor Firmen wie Texaco, ENI und Statoil. So sind momentan 4,64 Mrd Barrel (ca. 644 Mill. t) Öl und Gasreserven 52 Mrd. m3 bekannt. Möglicherweise betragen die Reserven aber auch 8,27 Mrd. Barrel (1,15 Mrd. t) und würden so über 39 Jahre reichen. Einige Felder -wie das Vyngayakhinskoye Feld- haben bei gleichbleibenden Förderung eine Lebensdauer von 300 Jahren.

Die Produktion in 2001 betrug 20,671Mill.t (408 000 Barrel pro Tag). Ein Plus von etwa 20 % gegenüber 2000. Es sind 16 Felder in Betrieb, weitere sind in der Erschließungsphase und kommen demnächst hinzu. Sibnefts größtes Ölfeld “Sugmut” -mit 965 Mill. Barrel geprüfter Reserven- würde momentan für 100 Jahre Öl liefern können. 2006 sollen dort täglich 135 000 Barrel (6,5 Mill. t im Jahr) gefördert werden. Sibnefts Förderkosten zählen zu den Geringsten in Rußland. Hauptgrund ist der Einsatz modernster Technik, die der Partner Schlumberger (USA) liefert. Erstmals begann man 2001 mit der Förderung außerhalb des Gebiets Noyabrks, nämlich in der Gegend um Chuchotka und im Krapivinskoye Feld (Omsk). Es wurde 30 % mehr Öl exportiert und 3,23 Mill. t Benzin, 4,52 Mill. t Diesel und 615 000 t Flugbenzin hergestellt. Die Omsker Raffinerie gehört nach mehrmaligen Erweiterungen zu einer der größten Raffinerien der Welt mit einer jährlich Verarbeitungsmenge von 19,5 Mill. t Rohöl.

Die Aktien von Sibneft werden in Moskau unter dem Kürzel SIBN gehandelt. In Deutschland findet der Handel unter der WKN 920 856 u.a. in Berlin und Frankfurt statt. Ein Sibneft ADR beinhaltet 10 Sibneft Aktien. 87 % der Aktien befinden sich im Besitz des Managments. Der daraus resultierende Free Float von 13 % ist außergewöhlich gering. Das muß jedoch nicht immer so bleiben. Ein Börsengang an die NSYE ist auch hier jederzeit möglich. Auch kommt es hin und wieder zu Spekulationen, die von einer Übernahme durch Surgutneftegas sprechen.


-----------------------------

Tatneft der 6. größte Ölproduzent Rußlands ist in der autonomen Republik Tatarstan angesiedelt. Man ist -wie auch die anderen Ölfirmen- breit diversifiziert und besitzt die Möglichkeit der Verarbeitung des geförderten Öl und Gas. Seit 1997 wird nach US- GAAP bilanziert; Prüfer ist auch hier Price Waterhouse Cooper. Der Höhepunkt der Ölförderung lag Mitte der 70 -er Jahre bei ca. 100 Mill. t .

Reserven: Im Romanshkinskoye Ölfeld -eines der größten Ölfelder Rußlands- werden jährlich 14,3 Mill. t gefördert. Es wurde 1943 entdeckt und wird seit 1945 ausgebeutet. Es erstreckt sich über 520 000 ha. Zweitgrößtes Feld ist das Novo- Yelkhovskoye (2,4 Mill. t jährliche Förderung), gefolgt vom drittgrößten Feld Bavinskoye (689 000 t). Für die Überprüfung der Reserven ist auch Miller & Lents zuständig.

Beteiligungen, Raffinerie und Verkauf: Tatneft ist am 4. größten Ölverarbeiter der Welt -Nizhnekamskneftekim- mit 51%, an der Raffinerie Nizhnekamsk mit 67 % und an der Reifenfabrik Nizhnekamskshina (9,7 Mill. Reifen 2001; 28 % Marktanteil) mit 51 % beteiligt. S eit 1995 arbeitet in Kichuyi eine eigene kleine sehr moderne Raffinerie mit einer Kapazität von 400 000 t Benzin und Diesel. Tatnefts Tankstellennetz umfaßte 2000 308 (1999 60) Tankstellen. Davon befinden sich 95 in Moskau und Umgebung.

Die Aktien werden in Moskau unter dem Kürzel TATN und TATNP gehandelt. In Deutschland lautet die WKN 904 282 für die ADR. 20 Aktien sind zu einem ADR zusammengefaßt. Sie zählen zu den etwas bekannteren russischen Aktien hier in Deutschland und in Moskau zu einem der umsatzstärksten Werte.



W.B.J.

[Po944]

Ich würde sagen SIBIRSKAYA gehört zu dem Kreis

gruß po944

[benaco]

Hi po944
Mit deiner Russenaktie (die schon gelaufen ist) gibst du wieder mächtig an

[WarrenBuffetJunior]

@ po944

du meinst wohl : SUN Interbrew Limited

????


es wäre wirklich schön, wenn jemand einmal wirklich interessante Aktien noch hier in die Runde bringen würde und ich hier kein Alleinunterhalter spielen müsste.




W.B.J.

[WarrenBuffetJunior]

würde ich nicht mehr als unterbewertet einstufen ( vor einem Jahr vielleicht noch bei 1,70 Dollar )

SUN INTERBREW CLASS A - EURO REG S

Latest Quote: as of close on 3/8/2002
Last Chg Open 5.71 + 0.02

die Marktcap. ist auch schon ganz schön angeschwollen

Market Cap
$605,339,940



W.B.J

[WarrenBuffetJunior]

von heute :
))))))))))))))))


Stock Options Are Faulted by Buffett
Mon Mar 11, 3:00 PM ET
By FLOYD NORRIS The New York Times

Warren E. Buffett, using the forum that the Berkshire Hathaway annual report provides, has renewed his attack against the widespread use of stock options and at the ways corporations assure that executives will profit from options even if the company`s share price declines.


Mr. Buffett, the chairman of Berkshire Hathaway, argued that stock options often do not give executives the same stake as shareholders have, since the shareholders will suffer if the price declines.

His statement was released Saturday, one day after it was disclosed that the General Electric Company had taken the unusual step of issuing a new round of options to executives in September. The options were issued shortly after the terrorist attacks led to a slide in the stock market and made it appear less likely that executives would profit from the previous options that had been issued two months earlier. In his comments to shareholders, Mr. Buffett also blamed himself for a $3.7 billion decline in Berkshire`s net worth. [Page C7.]

Mr. Buffett brought up options in discussing Berkshire`s acquisition last year of MiTek, a company that makes construction materials, from its British parent. He noted that 55 MiTek employees had bought 10 percent of the company as part of the transaction, each putting up at least $100,000, and that many had borrowed to make the investment.

"As they would not be if they had options, all of these managers are true owners," Mr. Buffett wrote. "They face the downside of decisions as well as the upside. They incur a cost of capital. And they can`t `reprice` their stakes: What they paid is what they live with."

With options, Mr. Buffett emphasized, that is not what happens. "Though Enron has become the symbol for shareholder abuse, there is no shortage of egregious conduct elsewhere in corporate America," Mr. Buffett wrote. "One story I`ve heard illustrates the all-too-common attitude of managers toward owners: A gorgeous woman slinks up to a C.E.O. at a party and through moist lips purrs, `I`ll do anything anything you want. Just tell me what you would like.` With no hesitation, he replies, `Reprice my options.` "

In fact, actual repricing of options is less prevalent now, since accounting rules were changed in 1998 to penalize reported profits of companies that do that. But there are other tactics that accomplish the same thing. G.E. chose one tactic that had been pioneered by Microsoft, that of issuing new options to supplement existing ones after a stock price falls.

G.E.`s proxy, released on Friday, showed that one of the first steps taken by directors after its new chief executive, Jeffrey R. Immelt, replaced John F. Welch Jr. in September was to approve the new options.

G.E. had approved its normal annual granting of options in July, with an exercise price of $43.75, the market value of G.E. stock at the time. Those options will expire in 2011, 10 years after they are issued.

But after the stock market had fallen, G.E. issued a new round of options, offering half as many options to each employee as that employee had gotten in July.

A G.E. spokesman said on Friday that the company`s board thought the new options would "provide some additional incentive for our leaders during a tough year."

As a result, if G.E. stock manages to rise above its July levels before the options expire in 2011, the managers will collect profits on both sets of options. With even a fairly modest annual rise in prices, they will be better off than they would have been if the original set of options had been issued at the lower September price.

Mr. Immelt`s profits on his options, if he exercises all of them, would be $22.6 million. By contrast, had he received the 800,000 options with the September strike price of $35.48, he would have a profit of $19.5 million, $3.1 million less.

The other strategy used by some companies to reimburse executives is to allow them to cancel their existing options with a promise that they will be issued new ones six months and one day later, at the market price then prevailing.

The time period is chosen to avoid having to report the value of the options as an expense, thus reducing reported corporate profits. That strategy has been criticized because executives during the period after the old options are canceled but before the new ones are issued have an incentive to drive down the price of the stock and with it the price on the options they are to be granted.

The first company to use the cancel-and-replace strategy was Sprint, the telephone company, after its share price fell in 2000. It has not so far been a good one for Sprint executives. The new options, issued last May, had strike prices of $22 for Sprint shares and $24.35 for shares in Sprint PCS, the tracking stock for its wireless operations. On Friday, those shares closed at $16.02 and $11.55, respectively.

[habkeingeld]

zur Info !

@W.B.J.
sorry,bin mir nicht sicher ob die Zahlen unten richtig sind!
wenn ja,sind meine Info´s falsch!,werde das aber nochmal
nachprüfen.(speziell Anteile von CAIH )

gruss habkeingeld.



KASHAGAN MAGIC:
KAZAKHSTAN`S NATIONAL CAPITAL CLAIMS MAJOR ROLE IN DEVELOPING CASPIAN RESERVES

© Sergei Grachev
RusEnergy.com

Reports of the discovery of gigantic oil reserves at the Kashagan offshore field and burgeoning oil production at the
Tengiz and Karachaganak fields have made investors as well as shareholders very much excited about the prospect of
starting business in Kazakhstan. But if and when investors try to gain access to oil and gas reserves in this country,
they will be hard-pressed to compete with the national capital that is ever-growing in strength and that in the nearest
five to ten years might become one of the most influential players on the oil market. The Nelson Resources company
claiming the key role in developing the Kazakh shelf could serve as one of the most striking examples of the national
capital`s rising prominence.
Together At Last
In late 2001 the presidency at Nelson Resources had been taken over by Baltabek Kuandykov. This seemingly ordinary
event might in fact be considered highly symbolic. Kuandykov is an experienced oil manager who in the mid-1990s
headed the Kazakhstankaspiyshelf company. Using foreign investors` grants, the company did a geophysical and seismic
survey of the Kazakh part of the Caspian shelf. The acquired data helped the Agip KCO international oil consortium
discover the Kashagan field. And Kuandykov is not only an expert in the shelf petroleum geology but he is also a relative
of Nurlan Balgimbayev, president of KazakhOil: their children are married to each other.
So, Kuandykov`s promotion points to the fact that Nelson Resources is about to start working on the strategic task of
initiating the development of Kazakhstan`s sea shelf. Last year the Kazakh president Nursultan Nazarbayev repeatedly
expressed his desire to see Kazakhstan`s companies on the shelf in the first place. The president kept saying that
foreigners had been given licenses for a little more than 10 out of 200 sea blocks and that his fellow countrymen could
contend for the rest of them. Nelson Resources is one of such companies with a fighting chance of laying its hands on
the sea blocks adjoining the ‘oil-richest’ Kashagan.
Nelson Resources will probably get a taste for developing the shelf in two sea blocks where subsidiaries of the KazakhOil
national company began geological surveys last year. The blocks` expected reserves amount to several hundred million
tons of oil equivalent. If exploration results prove to be promising, then, Nelson Resources will most likely join these
projects. The company has the needed financial resources for developing the shelf and that is exactly what others,
even the larger Kazakh companies, are lacking.

Deep Pockets
Nelson Resources is registered in Bermuda, its shares are traded at the Toronto stock exchange and the Kazakh media
as well as the country`s officials refer to it as if it were a foreign company. But, despite these appearances, Nelson
Resources is linked with Kazakhstan not only by its projects but its very origin as well.
From 1995 till 2000 the company was quoted at the Toronto stock exchange as Nelson Gold, an owner of gold mines in
Tajikistan. But in 2000 very serious people got hold of Nelson Gold (NG). Central Asian Industrial Holding (CAIH) and
Korinth Trade & Investment Corp. (KTIC), two offshore companies, bought a 35% stake in NG each. CAIH is a subsidiary
enterprise of Kazkommertzbank, the most powerful private bank in Kazakhstan. As far as KTIC is concerned, Western
media insist that the company is dependent on the money of Timur Kulibayev, the president of the Transport Nefti i
Gaza (Transport of Oil and Gas or TNG) national company and president Nazarbayev`s son-in-law.
After Nelson Gold changed hands and was brought under the control of new masters it was renamed Nelson Resources.
With the political and financial support of its shareholders the company began vigorously penetrating the oil sector. In
particular, at the end of last year Nurlan Balgimbayev, the president of KazakhOil, inaugurated the project of developing
Alibekmola, the largest of small fields in the country`s northwest that until recently remained in reserve. Its recoverable
reserves are estimated at 21 million tons of liquid hydrocarbons and six billion cubic meters of petroleum associated gas.
The participants of the Alibekmola development project are KazakhOil-Aktobe (a subsidiary of KazakhOil) and Nelson
Resources. They have equal shares in the project though the government awarded the right to develop Alibekmola`s
structure to KazakhOil-Aktobe and Nelson Resources took upon itself all the expenses at the initial stages of the
project`s implementation.
Small-change Cooperation
In the next 12 months work will be done to prepare the field production and transport infrastructure. A year later the
commercial production will be underway and in 2005 oil output at the field is expected to reach about two million tons.
The maximum yield will amount to 10,000 tons of oil a day. The field products will be exported through one of the three
pipelines: Kenkiyak-Orsk, Atyrau–Samara or the pipeline of the Caspian Pipeline Consortium. In 25 years of operation the
total revenues from the project will exceed $3 billion.
The KazakhOil-Nelson tandem is also set to develop Kozhasai, the Alibekmola neighboring field with recoverable reserves
of 15.5 million tons of oil and about seven billion cubic meters of gas. The partners have already gained the experience
of working hand-in-hand. In 2001 their Tenge joint venture started developing the field of the same name that holds
recoverable reserves of 13.7 million tons of oil and 23.4 billion cubic meters of gas. The full-scale development of this
field will begin this year.
In 1997 KazakhOil declared that its strategic task for the nearest future would be to develop Alibekmola and other
discovered fields similar by reserves but still remaining intact. The successful start-up of quite a few of such projects
testifies to the fact that this task has been practically accomplished. The joint development of fields by KazakhOil and
Nelson will provide Kazakhstan with over four million tons of oil year.
Attack on Hurricane
The successful encroachment of Nelson Resources upon the oil business has a simple explanation: big guys at TNG and
Kazkommertzbank, the company`s principal founders, belong to the Kulibayev-Subkhanberdin political and financial group,
one of the most influential in Kazakhstan. Hence there is access to the financial resources needed for developing
oil-and-gas fields. For instance, Kazkommertzbank and People`s Savings Bank of Kazakhstan have already stated their
readiness to lend Nelson Resources a credit to develop the Alibekmola and Kozhasai fields.
Western banks and stock markets could become another source of financing. In the spring of 2001 the Central Asian
Industrial Holding (CAIH) launched an attack on the assets of Hurricane Hydrocarbons (HH), an independent Canadian
company. With a 30% stake in this company CAIN solicited the rest of shareholders to sell it an additional 23% stake in
HH. At present through the Hurricane Kumkol Munai (HKM), their subsidiary the Canadians are developing the Kumkol
group of fields in southern Kazakhstan.
CAIN hoped that after wresting control over the Canadian company it would involve HKM in new Kazakh oil projects and
obtain substantial bank credits in Hurricane`s name. However, CAIN`s attempt to take over Hurricane failed since
Canadian shareholders did not risk surrendering the company`s management to Kazakh investors. Nevertheless, the scale
of actions by the Kulibayev-Subkhanberdin group revealed that it had in mind more ambitious plans than simply
developing relatively small onshore fields.
Those wishing to cooperate with Kazakhstan`s growing capitalists should be careful not to forget that just like Russian
oilmen they are ready now to invite foreigners but as junior partners only. On the other hand, President Nazarbayev and
his government keep insisting that foreign operators should attract the local working force and contractors as much as
possible to their oil projects. In other words, Kazakhstan is rather belatedly using the Russian scenario of developing its
oil industry when foreign companies either accepted new rules of the game put forward by Russians or just kissed
good-bye and left.

ZHAMBAI, A TESTING GROUND FOR PRIVATE CAPITAL
KazakhOil managers are already demonstrating their intention to launch offshore projects with participation of crony
companies. In 1999, KazakhOil registered a subsidiary, Zhambai joint stock company, to develop the South Zhambai –
South Zaburunye offshore block estimated, hypothetically, to contain some 250 million tons of oil equivalent.
In 2001, Zhambai Co. began geophysical research on the block in an alliance with Golden Eagle Co. The latter had been
founded by former top managers of Chevron Overseas and PriceWaterhouseCoopers, who maintain personal good
relationships with KazakhOil president Burlan Balgimbayev.
The size of initial investments in this project is estimated at $50 million. However, in case of commercial discovery
Golden Eagle will look for a strategic partner for South Zhambai.

TABLE 1. Private oil companies of Kazakstan with political connections
Assets Reserves Contact
Nelson Resources 50% in Tenge JV; 50% in Aktobe-KazakhOil JV 76 million tons of oil equivalent Tel.: 7 (3272)
92-17-99/25-99
Central Asian Industrial Holding 35% in Nelson Resources; 30% in Hurricane Hydrocarbons 150 million tons Tel.: 7 (3272)
58-51-15
Golden Eagle services A sstake in Zhambai Co. 250 million tons (speculative) Tel.: [phone]
Source: RusEnergy.com

[WarrenBuffetJunior]

heieiei....

da hab ich gestern nacht noch bis 1Uhr die Zeit rumgeschlagen mit der Suche nach der "Perle" und dann
geht sie mir heute davon :

A&B GEOSCIENCE (sehr interessan)
das Problem - das Ding macht heut + 60 %

Last Trade
2:14pm · 0.320 Change
+0.120 (+60.00%)


bezüglich Nelson und Kasachen bin ich nicht schlauer geworden.

Hm...

Was mir noch sehr interessant erschien : Turkish PEtroleum hat einige sehr interessante "Felder" sich gesichert

mal schaun

Teton heute unter hohen Umsätzen erneut schwach
akt. Kurs : 0,41 Dollar


W.B.J.

[WarrenBuffetJunior]

heute haben wir den 14. März !!!

Teton President to Speak at the Sachs-Bloomberg Investing In Russia Conference in New York City
TUESDAY, MARCH 12, 2002 9:30 AM
- PRNewswire

STEAMBOAT SPRINGS, Colo., Mar 12, 2002 /PRNewswire-FirstCall via COMTEX/ -- Teton Petroleum Company (TTPT) announces that its president, H. Howard Cooper, will be presenting at the Sachs-Bloomberg 6th Annual Conference -- Investing in Russia on March 14th at the Plaza Hotel in New York City.

"We are pleased to be a participant and this will give the investment community an additional opportunity to hear first hand about the progress we are making in Russia," said Teton President H. Howard Cooper.




ach ja - ich beobachte derzeit : AIGI !!!

Kennt von euch einer die Firma - steckt da Potential dahinter ?

Sieht sehr interessant aus.


W.B.J

[WarrenBuffetJunior]

mein derzeit wohl interessantestes "Baby" :

GRR.AX
oder Grange Res.

Die Firma hat in der Verg. so manche schwere Fehler begangen ( Einstieg ins Internet-Geschäft, ... ) und wird bzw. wurde nun komplett umgekrempelt.

Sehr interessante profitable Geschäftszweige

Werd euch in den kommenden Tagen mal einige Infos geben.

WKN in Deutschl. 917447

[mn00]

WBJ schau dir mal folgende Aktie an.
Unter canadianmarketwatch.com
yhm.a Hydromet.
Da erwarte ich in den nächsten Monaten sehr viel....

[WarrenBuffetJunior]

kurze Frage - HYREF OTC HYDROMET ENVIRONMENTAL
ist ne andere Firma ?? !!

Canadian Market

hm... 165 Mil. Shares

ich schau sie mir mal an - danke

W.B.J.

[WarrenBuffetJunior]

ganz frisch - die Anzahl der Aktien wird weiter erhöht !! ???

@mn00
erzähl doch mal ein wenig

HydroMet Environmental Recovery Ltd -
HydroMet $1.26-million convertible debenture financing
HydroMet Environmental Recovery Ltd YHM
Shares issued 134,206,799 Mar 13 2002 close $.070
Wednesday Mar 13 2002
The Canadian Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 11, 2002.
Convertible debentures: $245,000, $556,000, $459,000
Conversion price: Convertible into units consisting of one Class A common share and one common share purchase warrant at 10 cents of principal outstanding in year one, at 10 cents in year two, and at 15 cents in year three
Maturity date: Three years

[TRUNCATED]


Remainder available to Stockwatch subscribers...

(c) Copyright 2002 Canjex Publishing Ltd. http://www.canada-stockwatch.com



W.B.J.

[WarrenBuffetJunior]

hm...

seit August hat sich die Zahl der Aktien um 50 % erhöht und dies zusätzlich durch finanz. zu Kursen von 0,11 Can Dollar - inzwischen die letzte Finanz. zu 0,10 - also 10 % tiefer

wie hoch ist denn die Anzahl der Options ??? Die dürfte auch recht gewaltig hoch sein

erzähl doch mal ein wenig - mn00 ???? Mit Teton haben wir ja ein gemeinsames "Pferd" auf der Strecke .....


Thursday, August 30, 2001. 01:47 PM, Eastern Daylight Time
Press Release
Hydromet Environmental Recovery Ltd. Announces Negotiation Of Additional Convertible Debentures
HAMILTON, ONTARIO--
HYDROMET ENVIRONMENTAL RECOVERY LTD. ("Company") (CDNX: YHM.A) wishes to announce that it has entered into discussions with several arms length parties to issue a further $1,100,000 in convertible debentures. The debentures shall be for a term of two years and are convertible into up to 10,000,000 Units of Hydromet. Each Unit of Hydromet consists of one (1) common share of Hydromet priced at $0.11 per share and one (1) share purchase warrant; with each full warrant entitling the holder to acquire 0.8 additional shares of Hydromet at a price of $0.11 per share for a period of two years following the closing of the transaction. The placements are expected to close upon the receipt of conditional approval from the Canadian Venture Exchange.
Hydromet intends to use the new capital for general working capital purposes at its operations at Newman, Illinois and Santa Rosalia, Baha, Mexico.

Hydromet owns a 66,000 sq. ft. metallurgical waste recycling facility in Newman, Illinois and a lease on a former smelter site in Baha California, Mexico.

Hydromet is further pleased to announce that its new web site, www.hydromet.ca has been recently launched.

FOR FURTHER INFORMATION PLEASE CONTACT :



W.B.J.

[mn00]

Die fangen jetzt mit Geldverdienen an.Insgesamt wurden in den letzten 2 Jahren ca. 40 Mio Usd in Ankäufe und Bauten gesteckt.Deshalb war der Kapitalbedarf.
Die rechnen innert der nächsten 24 Monaté mit einem stark ansteigenden Kurs.
Kunden Bethlehem Steel,Norddt.Raffinerie usw. Nichts Schlechtes!

[WarrenBuffetJunior]

@mn00

sag doch mal ein wenig über Teton - was läuft dort derz. ab !

was passiert mit den 1,5 Mil. Shares von Eugs ?

hat von euch einer ne Ahnung wie gestern das Meeting verlief ?


W.B.J.

[WarrenBuffetJunior]

kannst du mir auch zu Hydromet noch einige Infos bitte mitteilen ?

bezüglich Aussichten - Facts, Zahlen, .... Geschäftmodell von dir durchgecheckt ?


herzlichen Dank bereits im Voraus

W.B.J

[WarrenBuffetJunior]

so hab jetzt erst mal meine Fühler richtung Norddt. Raff. ausgestreckt um mir betätigen zu lassen, dass hinter Hydromet wirklich was steckt.
( und vor allem die Kundenbeziehung )


zu Teton :
============

hab überhaupt nicht gewusst, dass die FIRST INTERSTATE BANK ( unterhält ein recht großes Portfolio - und hat vor allem mit Ölwerten Erfahrung ) sich im Dezember 140.000 Teton Aktien man so reingelegt hat






W.B.J.

[mn00]

WBJ:
HAMILTON, ONTARIO--
HYDROMET ENVIRONMENTAL RECOVERY LTD. ("Company") (CDNX: YHM.A) is pleased to announce that its 66,000 sq. ft., state of the art metallurgical and waste recovery plant, located in Newman, Illinois, is ready to re-open for business. The plant is the largest non-petroleum waste recovery facility in the USA. It will begin to receive tin and selenium waste products, and process them into saleable products for the market.
The company expects that it will take about 30 days to ramp up the operations to allow for shipment of saleable products through the international metals exchanges or via joint marketing agreements with industrial chemical suppliers.

Dr. Bill Morgan, President and CEO of the company, states that " this is a major turning point for the company, as we have spent the past three years and over USD $ 2,300,000 in complying with the Illinois Environmental Protection Agency (IEPA) order to (1) dispose of hazardous wastes left in the plant by the company`s previous management (2) cleanse all tanks to a pristine level. Now that we have successfully completed this work, we are in a very strong competitive position in the market. Our new EPA RCRA B permit is not subject to renewal until 2010."

The Newman plant, which contains 102 processing and storage tanks, was built at a cost of about USD $ 35,000,000. Using modern instrumentation and remote control, the plant can operate with as few as six workers per shift.

The company initially will be processing tin and selenium wastes. The tin wastes are generated primarily by the steel manufacturing and circuit board manufacturing industries, and are processed into tin metals and tin chlorides. The selenium wastes are generated in the copper refining industry, and will be processed into either high grade selenium metal for the glass and photo copier industries, or into selenium salt crystals for the animal feedlot industry.

The company has contracted to receive tin waste materials on a regular basis generated at Bethlehem Steel, Pennsylvania, USA and Dofasco Limited, Ontario, Canada. Selenium waste materials will also be received regularly from Amlon Metals, Inc., New York and Norddeutsche Affinerie, Hamburg, Germany.

For more information, please contact :

Mr. Jim Lalonde
Manager, Investor Relations
Phone: [phone]
Website www.hydromet.ca



--------------------------------------------------------------------------------
Click here to return to the News Releases page.



28 Jan 02
Hydromet Illinois Plant To Begin Operations . . .

30 Aug 01, 1:47pm EDT
Hydromet Environmental Recovery Ltd. Announces Negotiation Of Additional Convertible Debentures . . .

14 Aug 01, 9:31am EDT
Hydromet Environmental Recovery Ltd. Announcement Regarding Proposed Private Placement . . .

28 Jun 01, 11:47am EDT
Hydromet Environmental Recovery Ltd. Announces Completion Of New Financing . . .

[WarrenBuffetJunior]

@mn00

danke

was mir bei Hydromet zu denken gibt, ist
der misserable Kursverlauf.

Wie siehst du den Verlauf ?

p.s. die Stücke muss man sich in Vancouver holen ??? !!! am start-up market !! ??


w.b.j

[WarrenBuffetJunior]

Teton
+ 8 % auf 0,49 Dollar

W.B.J.

[JohanSolo]

18.03.2002
Teton sollte man im Depot haben
Emerging Markets Investor

Nach Ansicht der Aktienexperten vom Anlegerbrief "Emerging Markets Investor" sollen Investoren ein paar Papiere von der Teon Petroleum Co. (WKN 765756) im Depot haben.

Die kleine aufstrebende Öl-Gesellschaft habe vor ein paar Tagen gemeldet, dass einige Bohrversuche von unerwarteten Erfolgen gekrönt gewesen seien. Teton’s nachgewiesenen Ölreserven hätten sich damit auf einen Schlag von 8,5 Millionen Barrel auf 42 Millionen Barrel verfünffacht. Das habe sich natürlich im Kurs der Aktie widergespiegelt. Denn in den letzten sechs Wochen habe der Titel um 50 Prozent zugelegt und beim "Emerging Markets Investor" sei man der Meinung, dass dies noch lange nicht das Ende der Fahnenstange sei.

Die nächsten guten News, die Teton für Investoren bereithalte, könnten noch im März kommen. Dann werde das Unternehmen melden, dass die Finanzierung der Kapazitätserweiterung sichergestellt sei, die Voraussetzung für die geplante Ausweitung der Förderung sei. Die Produktion solle im laufenden und im kommenden Jahr so stark ausgedehnt werden, dass aus dem Verlust pro Aktie in Höhe von 0,20 USD im Jahr 2003 ein Gewinn von 0,14 USD werde. Damit wäre der Titel zu heutigen Kursen von 0,41 USD mit einem KGV 2003 von 2,9 bewertet.

Nach Ansicht der Experten von "Emerging Markets Investor" sollen Anleger sich ein paar Stücke von den völlig unterbewerteten Teton-Titeln ins Depot legen

MfG
JS

[WarrenBuffetJunior]

+ 20 %
auf 0,55 Dollar


W.B.J.

[WarrenBuffetJunior]

Teton + 23 %

kann dem Bericht nur zustimmen

-------------

so nun hab ich aber noch ein wirklich interessantes
Investment entdeckt.

AIPN
American International Petr.

Die Storry ist wirklich verplüffend der von Hurricane gleich. tsss...

schaut euch diese Firma an

Die haben in Kasachstan ganz ordentliche Rechte laufen
- die Firma hat schon so einige Höhen in der Vergangenheit erreicht ( Kurse von über 25 Dollar ) - AIPN war einer der Big-Player und wurde durch schlechtes Management in den Keller manöv. - das sollte sich ändern !

Kurs : 0,107 Dollar


W.B.J

[WarrenBuffetJunior]

hier einige ältere Meldungen :

American International Petroleum Corp begins to evaluate Kazakhstan
Dec. 12, 1997 American International Petroleum Corp. has announced that its wholly-owned subsidiary American International Petroleum Kazakhstan ("AIPK"), through its 70%-owned operating company MSUP, LLC, has signed contracts with two separate geophysical companies to immediately mobilise and begin acquisition of 2D seismic data on its 4.7 mm acre License No. 953, located in western Kazakhstan. "Two vibroseis crews will allow for rapid acquisition of data and will accelerate the detailing of the structural leads developed by our evaluation teams," said the Company Chairman and CEO, Dr. George Faris. "We have been very pleased with the progress of the evaluation of the existing 1800 kms of seismic acquired with the block, which continues to justify our exploration effort," he added.
Geotex Geophysical Services will begin a seismic program in the northeastern segment of the License Area, concentrating on the Chikuduk structure and additional leads identified in this sector. The Chikuduk, currently estimated at 60 kms in length, is the largest structure identified in the License Area. It was not included in the Company`s previously announced preliminary independent estimates of 1.1 bn barrels of potential recoverable oil reserves. The Kazakhstan government had previously drilled a well in this structure, which blew out with gas and condensate, preventing its further evaluation of the well.
The second crew will be provided by Mangistaumuniageophysics ("MMG" ), a Kazak-based geophysical company, which will begin a seismic program in the southwestern portion of the License Area, near the Bengesh structure. Both crews have been winterised to allow for the crews to continue operations throughout the year.
The company currently anticipates that, by January 1998, these seismic programmes, which are part of the previously announced minimum work programme agreed to between the company and the Kazakhstan government, should provide the necessary information to map, in more detail, the structural leads in the area, including Chikuduk, and to evaluate their potential for providing additional recoverable reserves. The higher-graded structures will then be prioritised for a drilling program, which could begin in the second quarter of 1998.


American International Petroleum Kazakhstan signs re-entry contracts
12-09-00 American International Petroleum Corporation announced its wholly-owned subsidiary, American International Petroleum Kazakhstan (AIPK), has signed the drilling and testing services contracts for re-entry of the Begesh No. 1 oil well on its Kazakhstan License No. 953. The company owns a 70 % working interest in the 4.7 mm acre exploration License in south-western Kazakhstan.
Baker Hughes will provide all perforating, cementing and testing services for the well. Baker Hughes, based in the United States, is a leading supplier of reservoir-centred products, services and systems to the world-wide oil and gas industry. AtrayMunaiGasGeology, a Kazakhstan drilling company, has been contracted to provide the drilling services for re-entry of Begesh ##1.
The main target of the Begesh No. 1 re-entry is the Upper Jurassic interval that has not been tested before on the 12,000 acre Begesh structure. Re-entry of the Begesh No. 1 oil well is expected to reach a depth of about 3,000 metres. Similar Upper Jurassic intervals are known to be oil productive in the area.
Mobilisation of construction equipment to the well site will take place, followed by the drilling rig equipment and camp. The spud date is expected later this month. The Begesh No. 1 well re-entry and subsequent test program is designed to establish that the Upper Jurassic formation in the 12,000 acre Begesh structure is able to produce oil in commercial quantity.
Success of Begesh No. 1 will support further delineation of the Jurassic formation on the Begesh structure, and possibly on the adjoining 10,000 acre Orlean structure, and the ultimate commercial development of both structures.
American International Petroleum Kazakhstan, a wholly-owned subsidiary of the company, owns two licenses in the Republic of Kazakhstan: Production License 1551, the Shagyryl-Shomyshty gas field, in which it has a 100 % interest, has technically proved reserves of 604 bn cf of gas as previously reported, and exploration License 953, a 4.7 mm acre exploration block, in which the company has a 70 % working interest.
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 processing, marketing and transportation of a wide array of refined products, from naphtha to asphalt, in the United States.
Source: American International Petroleum via Newspage





was haltet ihr von AIPN ?


W.B.J.

[Russland-Investor]

Interessantes Forum hier...schau mich mal um.

@ W.B.J.

Kasachstan ist auch mein Favorit- vor allen kleinere Gesellschaften (Mid-Caps) können dort wohl eine fulminante Entwicklung hinlegen, wenn man den richtigen Riecher hat und schon einige Zeit dort tätig ist und Verbindungen aufgebaut hat, vielleicht schon bevor die Großen dort reinkamen. Musterbeispiel : Hurricane.

Habe leider zu wenig Zeit i.M., schaue mir aber in Kürze Deine Entdeckungen mal an.

Gruß
R.I.

[WarrenBuffetJunior]

@Russland-Investor

welche Werte befinden sich bei dir ganz oben


AIPN hat heute sehr schwach abgeschnitten
Schlusskurs : 0,10 Dollar - 8,26 %

vielleicht bildest du dir ja eine Meinung was du von der Firma hältst.

Teton Schluss auf Tageshoch : 0,57 Dollar + 25 %

allen noch einen schönen Abend

W.B.J.

[WarrenBuffetJunior]

hier mal noch so einige wirklich interessante Infos zu TETON

DATE:14 December, 2001




Company Analysis
Hedging Strategy










Teton Petroleum Decides Its Future Lies In Russia.
Bitech, Soco International, Aminex. These are small UK oil and gas companies whose production in Russia was bought up by Russian giant Lukoil in the past few months. Will Teton Petroleum be next?

Teton is an American group which conducts its active business through a 50 per cent ownership interest in Goltech LLC, a Texas limited liability company which in turn operates solely through ownership of a 70.59 per cent interest in Goloil, a Russian closed joint stock company. Goloil owns the Eguryak licence in Western Siberia. According to a reserve audit prepared by Gustavson Associates, the Eguryak licence contains 107 million barrels of proven and probable reserves. Teton`s net interest is 8.5 million proven barrels and 25.6 million probable barrels.

Teton recently reported that during the third quarter of 2001 the company drilled four new wells in Eguryak. Three of the wells 501, 502 and 503 have been completed and well 500 is nearing completion. Teton said well 501 is producing an average of 510 barrels of oil per day, well 502 is producing an average of 500 barrels of oil a day and well 503 is producing an average of 700 barrels of oil a day. The company will start drilling two additional wells in the first quarter of 2002 in the Eguryak oil field. The current field production of the Eguryak territory is 2,555 barrels per day.

Oil is being pumped through the company`s 40- kilometre pipeline, which was completed in June 2001 to the DNS -32 processing and separating facility in the Samotlor Oil Field in Western Siberia. After the oil is processed it is placed in the Trans Siberian pipeline and transported to Germany and sold for US dollars or sold within Russia for Russian roubles.

So far, so familiar. Soco International and Aminex were both producing oil of this magnitude. Lukoil was keen to buy them out, because with prices for oil riding high, it was a convenient way for the company to increase production without having to find it and develop it itself.

As for Aminex and Soco International, they were glad to take the money, run and look for investments elsewhere. Lukoil was prepared to pay a good price of around US$2 a barrel for oil in the ground. The UK companies thus added value to their investments. Both companies had found doing business in Russia difficult.

Teton, it seems, is not going to go this route. Like Vostok, the Swedish quoted company concentrating on Russia, Teton is in for the long haul. Mr John Robinson of the Current Capital Group Corporation in Toronto which represents a number of shareholders in Teton says: " I understand from the President of Teton, H.Howard Cooper that the company wants to dig in further in Russia and not sell up. We estimate that the net asset value of the shares is US$2.50 on known reserves. At the moment the shares are trading at US$0.30. cents a share so there is a lot of upside."

The company has recently announced that its shares of common stock are being quoted on the OTC Bulletin Board. The trading symbol in the US is TIPT. In addition the shares of common stock are being quoted on the Frankfurt Stock Exchange effective immediately. The trading symbol in Germany is TP9




Canadian Venture Exchange: TPCO.U


Strategic Niche


Teton is currently focused on developing oil production in the western Siberia region of Russia. In spite of the generally negative environment for companies attempting to operate in this area, Teton appears to be succeeding in building a growing and profitable company. Teton has a number of attributes that combine to allow it to succeed in this difficult environment. Teton:

Directly controls the operating subsidiary and makes all operating and investment decisions,


Has a partner in the operating company that is a prominent marketer of oil in Russia,


Has existing production and recent well completions that demonstrate the per-well production capacity of the field that is currently under development,


Has current sales and a substantial market for additional production volumes, and


Has the ability to sell oil for U.S. dollars and remit funds to the U.S.

Teton has a strong management team with years of experience in operations in the former Soviet Union.


Russian Market


Teton experienced a number of positive developments in Russia in 1999. In December, the Russian parliament sided with the government in electing pro-market members, BP Amoco secured its interest in the Samotlor oil field, and the Russian stock market experienced a 60% increase in value, indicating that Western investors are returning to Russia. In addition, with Vladimir Putin being appointed president, Russia now has a young market-oriented leader who has the support of the general populous.


Summary


Teton has three productive wells in the Goloil License Territory that have combined productive capacity of more than 2,000 barrels of oil per day (BOPD). Current transportation limits the production to approximately 750 BOPD in the winter and 1,500 BOPD in the summer. The development plan for the proved reserves calls for 25 producing wells and 14 injection wells to be developed during the next few years. Peak production is estimated to be 14,445 BOPD.


Goloil License Territory


The Goloil License is centrally located in the southern half of the West Siberian Basin of Russia. Super-giant fields including Samotlor, Agan and Varyegan surround the license area. Samotlor is considered the largest oil field in Russia with estimated reserves of 7 billion barrels of recoverable oil.


Teton owns 77.5% of the interests in Goloil, a Russian closed joint-stock company, formed under the laws of Russia in 1996. The other owners of Goloil include a subsidiary of Lukoil, the giant Russian oil company. The principal asset of Goloil is a license agreement, dated May 21, 1997, granting Goloil the exclusive right to explore and develop an area in the Nizhnevartovsk region of Siberia covering 186.8 square kilometers (70 square miles). The license area includes the Eguryahskaya, South-Eguryahskaya and Golvaya oil fields.


The license area straddles the north plunge of the Nizhnevartovsk arch, a large structural feature that has been the focus of regional oil migration. The stratigraphic column includes more than 11,000 feet of Mesozoic and Cenozoic sedimentary rocks. The most prospective and currently productive intervals are Lower Cretaceous sandstones at 2,350 meters and Upper Jurassic sandstones at 2,700 meters.


The term of the license is 25 years but may be extended with further development and production. Work requirements include drilling five exploratory wells by 2002, conducting additional seismic and evaluating geologic data from an area covering 186 square kilometers. Goloil completed the geologic analysis, drilled one exploratory well during, and added additional infrastructure in 1998 and 1999.


Nine wells have been drilled in the license area since 1988 and four of the wells are capable of producing. Based on the existing wells and the geologic analyses that have been performed, independent consulting engineers have estimated the license area contains more than 82 million barrels of recoverable oil net to Teton. Approximately 46 million barrels of the total are classified as proved reserves and 36 million as probable.


Questa Engineering, a respected international petroleum consulting firm, has prepared a field development plan. It calls for infrastructure to be installed that includes an all-weather road, an electrical power system and an oil-sales pipeline. Drilling of the Cretaceous wells is planned to start with one rig full time after the installation of the minimum infrastructure. The plan calls for 35 producing wells and 14 water injection wells to be completed in the field. The maximum production rate is estimated at 14,445 barrels of oil per day in 2004.


The crude oil from the producing wells is currently trucked to the Samotlor Field in the winter on ice roads. The average capacity of this system is approximately 750 BOPD. From May into October the crude is loaded onto barges on the nearby river for transportation to a terminal. The capacity of the barge system is approximately 1,500 BOPD.


Starting late this year, Goloil plans to build a 40-kilometer pipeline from the license to the Samotlor Field to the south where extensive production and transportation facilities exist. The costs of the pipeline, roads and other infrastructure are estimated at $5 million.


Goloil exports crude to Western Europe for U.S. dollars. The average prices received for the crude sold in 1999 was approximately $13.00. The current price being received is approximately $18.00. The operating costs and taxes are paid in rubles. The net revenue to Goloil from selling crude for $18 per barrel (this equates to a Brent price of $18.50 per barrel) is more than $6.00 per barrel.


A word with H. Howard Cooper, President


Q. What’s the biggest lesson you learned in the recent downturn?

A. In the future we need to hedge our production, to moderate any price fluctuations in the commodity markets. Fortunately, we were not mortally wounded by the price downturn, because Teton operates in rubles in Russia and gets paid in U.S. dollars. We were insulated because the ruble devalued 75% while the price of oil only declined by 60%. This enabled us to maintain a profit margin when the price of oil dropped to $10 a barrel.


Q. What will have the biggest impact on Teton Petroleum in the next 12 months?

A. The doubling in oil prices that occurred in the last six months will have the biggest impact on our operations. In addition, with the higher price of oil, capital-formation markets are giving Russia another look. The potential funding of our pipeline and development wells will enable Teton to increase its production from 1,000 barrels a day to 5,000 to 6,000 a day by the end of 2000.


Q. What’s your biggest challenge?

A. Convincing Western investors that you can exploit certain niches in the Russian oil sector. Teton’s business plan includes identifying smaller undeveloped producing properties that don’t come with significant overhead or unmanageable development requirements, but that do contain significant upside potential. Most Western companies thought the best approach was to spend $50-plus-million to acquire high-profile properties, however, these came with significant redevelopment/drilling commitments and onerous production-sharing terms. Teton, on the other hand, has been able to obtain 77.5% ownership of a 104-million-barrel oil field and reach 1,000 barrels a day of production for under $5 million, while other Western ventures spent $50- to $100 million or more to reach this plateau.


Q. What makes Teton Petroleum worth a closer look?

A. Our project sits in a significant oil fairway and offsets one of Russia’s largest fields, Samotlor, which at one time produced 3 million barrels of oil a day. There are ample Western services available nearby (Halliburton, Schlumberger, etc.) to develop our field. There are plenty of qualified personnel, equipment and capacity to export oil out of the region. Teton is unique: we operate our oil field in Russia, we export our oil to Europe for hard currency, get paid for our oil into a Western bank, we receive 100% of the revenue until we are paid back and then we receive 77.5% of the revenue after payout. Our company owns the majority interest and is the operator in an oil field with 104 million barrels of proven and probable reserves.


Teton Petroleum Co.
Contact: H. Howard Cooper, President
P.O. Box 774327
Steamboat Springs, Colorado 80477
USA
Tel: [phone]
Fax: [phone]
Email: [e-mail]
Web: www.tetonpetroleum.com


Or


Contact: Terence Robinson
c/o Current Capital
Tel: [phone]
Fax: [phone]
Email: [e-mail]
Web: www.currentcapital.com
Stock price (1-19-00): $0.150




W.B.J.

[Russland-Investor]

@ W.B.J.

Ich will nicht Teton schlechtreden...! Wenn die gut laufen, freue ich mich.

Nur würde mich wirklich interessieren, warum die im letzten Quartal nur etwa 450.000 $ Umsatz machen, wenn die doch anteilig nach eigener Aussage bereits 800 bopd produzieren (das müsste dann mehr als der dreifache Umsatz sein !) !!!

450.000 $ würde bei 20 USD Ölpreis gerade mal 250 bopd bedeuten. Das ist schon sehr merkwürdig.

z.B. nachzulesen unter www.nasdaq.com

[WarrenBuffetJunior]

ich könnte mich heute an meinem Geburtstag ärgern

da hab ich gestern nacht ein Schnäppchen rausgesucht und will es heute kaufen ( EECI ) und dann kommt kurz vor Börseneröffnung, dass so ein blöder .... sie aufkauft für das 4 fache des gestrigen Kurses

gr........

Teton hab ich Teilbestände abgebaut - wer einmal lügt ... Die kommenden Zahlen müssen erst zeigen was Sache ist.


naja


aus AIPN bin ich kurzfr. mal wieder raus .... sind auch schon wieder im Minus !

hast du sie dir einmal angeschaut ??

lass doch mal ein zwei deiner Werte raus


w.b.j.

[habkeingeld]

@W.B.J.

warum biste aus TTPT raus?? solange der trend da ist,verstehe das nicht

gruss habkeingeld

[Russland-Investor]

@ W.B.J.

Z.B.: Eurogas (891969) und in Russland Rostovenergo VZ (916579- Dividendenrendite von über 10%!) und z.B. Gum (901611).

Der erste ist eine sehr umstittende Turnaroundspekulation.

Der zweite ein Wert, der noch entdeckt werden muss (Versorger aus RUS)- das kann allerdings lange dauern. Darüber trösted aber die Dividende und der relativ konstante Wert auch während der Börsenkrise der letzten zwei Jahre.

Teton: Ich bin gespannt, wie sich das auflösen wird. Die Käufe i.M. sehen allerdings wie der Aufbau strategischer Positionen aus. Das wäre eher ein positives Zeichen, dass die Unstimmigkeiten in der Bilanz erklärbar sind und bald verschwinden werden- würde es nur gerne auch wissen... . Bis dahin ist hier große Vorsicht angebracht.

Ansonsten schau ich i.M. eher auch mal wieder in die I-T und Chip-Branche... .

Die kleineren Öl- und Gaswerte haben den Nachteil, dass man manchmal Jahre warten muss...da gibt es haufenweise Gesellschaften, die auf ihre Entdeckung oder einen eigenen Fund warten. Das ist alles sehr spekulativ.

[WarrenBuffetJunior]

@habkeingeld

bin mir einem drittel meiner position raus ( KK 0,26 Dollar ) - die Unstimmigkeiten in der Billanz ( hab sie mir mal zur Brust genommen ) gefallen mir nicht.

die kommenden Zahlen müssen jetzt erst einmal beweisen, dass hier nicht "geschwindelt" wird.

Es sieht schon ein wenig danach aus, dass der Kurs mit Meldungen hochgetrieben wird ( Ölreserven, Empfehlungen, ... ) und dann die Aktienplazierung folgt.

weiterhin dabei bei Teton doch vorsichtig !!!

Wie sehen deine "Liebelinge" derzeit aus ?



@ R-I

Eurogas ist ebenfalls mit einer kleinen Position in meinem Portfolio gewichtet.

Was ist mit kleinen Werten aus Kasachstan ? Kennst du da nicht noch die ein oder andere ?


was hälst du von Caspian ?


W.B.J.

[Russland-Investor]

@ W.B.J

Kasachstan- da habe ich einen Link, der die Freude bereiten wird:

http://www.eia.doe.gov

http://www.eia.doe.gov/cabs/kazaproj.html

[WarrenBuffetJunior]

so hab jetzt einen meiner Russl. Lieblinge übergewichtet

NIZHNEKAMSKNEFT.ADR - zu 1,71 Euro mal wieder welche bekommen


@ Russl.Investor

na was hälst du von NIZHNEKAMSKNEFT - schau sie dir mal an


ach ja - danke für die Seiten - die kenn ich bereits - dort bin ich auf AIPN aufmerksam geworden



W.B.J.

[WarrenBuffetJunior]

das freut


Oil Prices Hit $25 Per Barrel -- 11:01 AM EST

Lagos, Mar 20, 2002 (This Day/All Africa Global Media via COMTEX) -- Crude oil prices rose sharply yesterday as the international market continued to consolidate recent strong gains following last weekend`s decision by the Organisation of Petroleum Exporting Countries (OPEC) to maintain output curbs for another three months.
Nigeria`s major export crude, the Bonny Light, was traded at the London Futures Market higher by two percent at $25.22 per barrel, crossing the US$25 a barrel mark for the first time in six months.

The price level represents 40 percent above the Federal Government official selling price of $18 per barrel upon which revenue projections for 2002 fiscal year were based.

US light crude recorded similar strong gains, also hitting US$25 a barrel for the first time since September and gained 57 cents to close at the same level.

However, Nigeria which had experienced a slump in her export earnings, is not expected to enjoy the benefits of the upswing in oil prices until the second half of this year, provided the prices remained stable.

Oil exports account for more than 90 percent of Nigeria`s foreign exchange earnings. However, sliding oil prices in recent times had threatened goverment`s income and finances.

OPEC had agreed to keep oil output unchanged until the end of June. The group agreed to meet again on June 26 to review output policy.

This had left oil importers worried that prices might race out of control before the group opens the taps again.

Oil traders attributed yesterday`s price gains to technical buying more than to any fundamental changes and said the market would likely continue to see gains as sentiment remains bullish.

The gains build on the swift $4 climb since late last month on fears of military action against Iraq and expectations that the OPEC cuts would stay in place.

Saudi Oil Minister Ali al-Naimi said on Sunday that he was "very relaxed" about current prices but warned the possibility of US action against Iraq could destabilise the market.

US President George W. Bush in January accused Iraq, Iran and North Korea of forming an "axis of evil" developing weapons of mass destruction.

OPEC is seeking to keep the price of its reference basket of crudes in a US$22-US$28 a barrel range. The basket was last priced at US$22.85 a barrel on Friday, having returned to OPEC favoured range a week ago after staying below the band since September 24.

The US Energy Information Administration said OPEC would have to boost output by 500,000 to one million barrels per day in the third quarter to keep a leash on oil prices and not threaten global economic recovery.

But OPEC Secretary-General Ali Rodriguez said on Saturday he expected the cartel to keep stringent oil output curbs all year as the world economy recovers slowly.

"I think for the rest of the year production should be left at these levels if we are to avoid seeing prices below US$20," the former Venezuelan oil minister said after Friday`s OPEC meeting.

Russia, the world`s second biggest exporter after Saudi Arabia, will decide this week whether to hold current curbs of 150,000 bpd in place for the second quarter.

Russia, the world`s second biggest exporter after Saudi Arabia, will decide this week whether to hold current curbs of 150,000 bpd in place for the second quarter.

by Mike Oduniyi With Agency Report

Copyright This Day. Distributed by All Africa Global Media(AllAfrica.com)



w.b.j

[WarrenBuffetJunior]

So :

hab nun DEN Wert entdeckt und baue Positionen auf

Kürzel : AIPN

ein Grund sicherlich :

Kasachstan
American International Petroleum Corporation (AIPC) (Exploration License) AIPC (U.S.) 70% Est. oil/gas reserves of 3.8 billion barrels oil equivalent -- Finished logging operations at Begesh No. 1 well in (1/01)
American International Petroleum Corporation (AIPC) American International Petroleum Kazakhstan (wholly owned subsidiary of AIPC) Est. recoverable natural gas reserves of 700 Bcf -- AIPC completed 2 wells in Shagyrly-Shomyshty gasfield in 1999; production in 2001-2002


Kurs : 0,10 Dollar

W.B.J.

[WarrenBuffetJunior]

@mn00

würd mich freuen, wenn du mir wenns was neues gibt bzw. du Infos hast dich meldest
( wir haben wieder einen gemeinsamen Wert )


Hydromet Environmental Recovery Ltd. Announces Completion Of New Financing
HAMILTON, ONTARIO--HYDROMET ENVIRONMENTAL RECOVERY LTD. (``Company``) (CDNX: YHM.A - news) wishes to announce that it has completed a new private placement of 12.5% convertible secured debentures with arms length parties for a total of $1,260,000. These debentures are due on March 11th 2005. Each debenture is convertible into one Unit of the Corporation at a conversion price of $0.10 per Unit for the first twenty-four months and $0.15 per Unit for the next twelve months. One Unit consists of one common share and one share purchase warrant. Each share purchase warrant shall entitle the holder to purchase one additional common share of the Corporation at a price of $0.10 per common share on or before twenty-four months from the date of issue of the debenture.


The Company intends to use the $1,260,000 to:
1. Provide operating capital for the Newman, Illinois hazardous waste
recycling facility, which has been readied for production.
2. Expand operations at and provide working capital to the Santa
Rosalia, Baja California, Mexico plant.


Hydromet owns a 66,000 sq. ft. metallurgical waste recycling facility in Newman, Illinois and a lease on a former smelter site in Baha California, Mexico. The Corporation has developed technologies to process the 2,000,000 tons of copper-cobalt tailings and 3,000,000 tons of cobalt copper slag at the Baha California site. These separate piles contain approximately $30 per ton of copper cobalt mineral

The Company currently has 183,173,709 shares issued.


--------------------------------------------------------------------------------
Contact:
Hydromet Environmental Recovery Ltd.
Mr. Jim Lalonde
Manager, Investor Relations
Phone: [phone]
Website: www.hydromet.ca



W.B.J

[WarrenBuffetJunior]

da tut sich was

American International Petroleum Reports 2001 Year-End Results
NEW YORK, March 22 /PRNewswire-FirstCall/ -- American International Petroleum Corporation (OTC Bulletin Board: AIPN - news) today reported revenues of $18,637,000 for the year ended December 31, 2001 compared with $3,274,000 for the same period 2000. All revenues during both periods were derived from the refining division, which achieved positive operating cash flows of approximately $873,000 for 2001, compared to negative operating cash flows of about $1,135,000 for 2000.

The consolidated net loss for the year 2001 was $27,670,000, or $0.17 per share, including non-cash items of $22,315,000, compared to a consolidated net loss of $25,428,000, or $0.23 per share, including non-cash items of $15,987,000 for the year 2000. Weighted average shares outstanding were 160,340,000 for 2001.

The improved results of the refining division during 2001 were primarily due to our emphasis on sales of higher-margin polymerized asphalt, the full year operation of the asphalt blending and distribution operation and lower general and administrative costs. The refinery processed over 1,100,000 barrels of crude oil during 2001. Management is seeking to further increase refinery performance during 2002 by increasing refinery throughput, asphalt production and sales, and by further reducing operating costs.

The Company had a backlog of asphalt sales orders for approximately 43,000 tons, valued at about $6.7 million, as of December 31, 2001. The Company`s wholly owned subsidiary, American International Refinery (AIRI), has been selling polymerized and conventional asphalt continuously since the first quarter of 2001. The Company`s asphalt sales began to accelerate in February this year with the improving weather and the higher seasonal demand.

During the period July 1, 2000 through June 30, 2001, AIRI`s asphalt business operated under a joint venture (the ``JV``) structure with an unaffiliated company. Because the Company accounted for its JV interest using the equity method, only profits from the JV are reflected on the financial statements for that period, not the related revenues and expenses. Consequently, revenues and expenses are reflected only from July 1, 2001 through year ended December 31, 2001, the period following the termination of the JV. During this period, asphalt and related revenues approximated $5,435,000, with related costs of $4,852,000, compared to revenues of $2,764,000, with related costs of $2,319,000, for the period ended December 31, 2000, reflecting only the six months of operation from January 1, 2000 through June 30, 2000, the period preceding the JV.

Asphalt volumes were 38% greater for the six month period this year compared to the same period last year, due primarily to the exceptionally good weather our market area experienced during the latter part of this year compared to the rainy winter/spring weather experienced during the same period in 2000.

The Company is currently having discussions that could result in multi-year contracts for greater utilization of its refining and asphalt assets. If successful, this could provide sufficient undiscounted future cash flows to fully recover the carrying value of these assets. At this time, there can be no assurance it will consummate agreements that will achieve that result. Consequently, the Company recorded an impairment of approximately $9.2 million of the plant assets at the Lake Charles facilities for the year ended 2001.

The Company has completed its evaluation of License 953 and has concluded that the western portion of the block does not have commercial recoverable oil potential. The remaining exploration efforts will be focused on the eastern portion of the block. As a result, the Company recorded an impairment to the net total costs recorded for this license of $10.7 million for the year ended 2001.

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 Kazakhstan, and in refining, marketing and transportation of petroleum products in the United States.


AMERICAN INTERNATIONAL PETROLEUM CORPORATION
STATEMENT OF CONSOLIDATED INCOME

Year Ended December 31
2001 2000
Revenues $18,637,000 $3,274,000
Operating Cash Income $873,000 $(1,135,000)
Net Loss $(27,670,000)(a) $(25,428,000)(b)
Loss per share $(0.17) $( 0.23)
Weightedaverage shares
outstanding 160,340,000 109,387,000

(a) Includes aggregate non-cash charges of $22,315,000 in 2001 for
depreciation, amortization, asset impairments, bond costs, and other
non-cash items.

(b) Includes aggregate non-cash charges of $15,987,000 in 2000 for
depreciation, amortization, asset impairment, bond costs, and other
non-cash items.


W.B.J.

[WarrenBuffetJunior]

Schlusskurse :

AIPN 0,10 Dollar
Teton 0,63 Dollar

na mal schaun

P.S. stellt euch auf Krieg ein - der Ölmarkt ist bald leergekauft - die US Militärs haben mehr als 8 Millionen Barrel für die Golfregion in Auftrag laufen !!!! ( Auftrag bald durch )



W.B.J.

[WarrenBuffetJunior]

kam heute auf Reuters

hoffen wir dass dieser Cowboy in den USA nicht noch mehr Mist baut. Mr. Schröder ist zuzutrauen, dass er vor lauter auf den Knien rutschen bei den anstehenden Verbrechen wieder mitmacht.


25.03.2002 20:24 Uhr
US-Militär kauft Öl wie zuletzt im Golfkrieg

New York, 25. Mär (Reuters) - Das US-Militär kauft Erdöl in Mengen wie seit dem Golfkrieg nicht mehr.

Nach Angaben des US-Verteidigungsministeriums vom Montag sind in den vergangenen drei Monaten außerordentliche Aufträge über 7,4 Millionen Barrel (etwa 1,2 Milliarden Liter) für die Stützpunkte im Nahen Osten ausgeschrieben worden. Für den Golfkrieg wurden 1990 insgesamt 8,1 Millionen Barrel zusätzlich ausgeschrieben, für den Kosovo-Krieg 1999 etwa 1,5 Millionen Barrel. Die Zentrale Energiebehörde des Verteidigungsministeriums DESC nahm zu dem Grund für die jüngsten außerordentlichen Ausschreibungen nicht Stellung.

Die ausgeschriebenen Mengen sollen der DESC zufolge an Stützpunkte in Afghanistan, Pakistan, den Vereinigten Arabischen Emiraten, Bahrain, Israel, Japan und auf die Insel Diego Garchia gehen. In den vergangenen Wochen ist über einen US-Angriff auf den Irak spekuliert worden. Vize-Präsident Dick Cheney sagte dazu vergangene Woche, es gebe zurzeit keine derartigen Pläne.

US-Präsident George W. Bush hatte im November angekündigt, die Kapazität der strategischen Ölreserven der USA (SPR) von 700 Millionen Barrel voll aufzufüllen.Das Energieministerium kündigte Mitte Februar an, Equiva, ein Gemeinschaftsunternehmen von Shell und Saudi Aramco, werde beginnend im April 2002 insgesamt 18,6 Millionen Barrel Rohöl für die Ölreserve liefern.

Das US-Militär ist der weltweit größte Käufer von Öl. Von 1990 bis 2000 betrug die ausgeschriebene Gesamtmenge zwischen 100 Millionen und 180 Millionen Barrel für zwischen drei und 4,5 Milliarden Dollar (etwa 3,4 Milliarden bis 5,1 Milliarden Euro). Von den 104,3 Millionen Barrel, die im Jahr 2000 für 3,6 Milliarden Dollar gekauft wurden, ging etwa ein Drittel an Stützpunkte außerhalb der USA.



gott segen euch

W.B.J.

[WarrenBuffetJunior]

wenn ich mir anschau, dass ich am 12.02.01 noch mit einigen Dt.Bankern über Yukos "rumresearched" hab ( damals bei 4,20 Dollar ) ..... tsss... und heute ein Jahr danach !

Das ist das schöne am "Investieren"

allen schöne und gesegnete Ostern
ich verabsch. mich für einige Tage

W.B.J.

[WarrenBuffetJunior]

so jetzt muss ich doch nochmals ein Posting von mir geben

bei mir mehren sich die Anzeichen, dass die Erbeben in Afg. keinen "natürlichen" Ursprung hatten !!! ( unterirdische Waffensysteme )

Traurig traurig und gut insziniert


allemal euch allen schöne Ostern

seit gesegnet
W.B.J.

[mistermomentum]

Hallo,

gibt es news zu teton petroleum? Momentan setzen wohl Gewinnmitnahmen ein. Man konnte ja auch ganz gut verdienen.

So long

[habkeingeld]

eigentlich nicht viel nur eine leicht produktions erhöung.

Teton Petroleum`s Siberian Production Increases; Four Additional Wells to Be
Completed

STEAMBOAT SPRINGS, Colo., April 4 /PRNewswire-FirstCall/ -- Teton Petroleum Company (OTC Bulletin Board: TTPT, Frankfurt: TP9) announced today its
field production in Western Siberia has increased to 3,300 barrels a day, net to Teton 825 barrels a day.

In addition, the company will begin completion of four newly drilled wells, #600, #601, #602 and #40-P, over the next month.

``Improved production technology allowed us to increase the productivity of our existing wells from 2,800 to 3,300 barrels a day. We are very pleased that all four
new wells have between 18 and 44 feet of calculated net pay,`` said Teton President H. Howard Cooper.

Oil is being pumped through a 40-kilometer pipeline, which was completed in June 2001, to the DNS-32 processing and separating facility in Samotlor Oil Field,
Western Siberia, and Russia. The company expects to complete its own DNS processing and separating facility in the fourth quarter of this year, which will enable
the company to reduce its production cost significantly.

Teton is an oil and gas exploration and production company which conducts its active business solely through a 50 percent ownership interest in Goltech LLC, a
Texas limited liability company, which, in turn, operates solely through ownership of 70.59 percent interest in Goloil, a Russian closed joint stock company. Goloil
owns the Eguryak license in Western Siberia. According to a reserve audit prepared by Gustavson Associates, Inc., the Eguryak license contains 41.96 million
barrels of proven reserves net to Teton. Additional information about Teton is available at its website, www.tetonpetroleum.com .

This press release may make forward-looking statements, which are subject to various uncertainties and risks that could affect their outcome. Factors, which could
cause or contribute to differences include, but are not limited to, economic conditions, product demand and sales, interest rates, foreign currency exchange rates,
competition and competitors` actions, and changes in the petroleum industry. Please refer to the company`s 10-K, 10-Qs and other SEC filings for a more detailed
discussion of the risks. This press release does not constitute an offer to sell or solicitation of an offer to buy Teton Petroleum securities.

[habkeingeld]

@ W.B.J.

schau dir mal CanArgo Energy an, sind in Georgien,Ukraine und
Dagestan tätig. US Kürzel GUSH.OB

http://www.canargo.com/



CanArgo Energy Corporation, through a wholly owned subsidiary, owns 51% of the Georgian-American Oil Refinery.




gruss habkeingeld

[habkeingeld]

EURASIA INSIGHT April 6, 2002


MULTINATIONALS PUSHING OIL PROJECTS DESPITE INSTABILITY, CORRUPTION
Nikola Krastev: 3/31/02
A EurasiaNet Partner Post from RFE/RL

A conference this week organized by the Asia Society, a nonprofit organization in New York, focused on Central Asia and the Caucasus as the most attractive
regions for new energy projects despite widespread instability and corruption. While Saudi Arabia continues to be the world`s largest oil producer at some 22
million barrels of oil per day, a Deutsche Bank survey presented at the conference shows that oil export growth in the years 2000 to 2005 will be led by Russia
and Kazakhstan.

The survey, presented at the conference on 26 March, shows that Russia produces 8 million barrels of crude oil per day. Kazakhstan and Azerbaijan are not at
present among the top 10 oil producers, it says, but they, along with Russia, are expected to see considerable growth over the next decade. Deutsche Bank
estimates that by the end of this decade, Russian production will grow by over 2 million barrels a day. In Kazakhstan, oil production is projected to grow by
about 1.5 million barrels, and in Azerbaijan by slightly less than 1 million barrels.

Both Kazakhstan and Azerbaijan already have drawn significant foreign interest in their oil industries. Exploration of the Kashagan West oil field in Kazakhstan
was led by a consortium of multinational companies including BG, Eni, ExxonMobil, Shell, TOTAL, BP and Phillips.

The major multinational players in Azerbaijan are BP, TOTAL, Eni, and Chevron.

Despite its significant natural-gas reserves, Turkmenistan at present is considered of little interest to foreign energy firms because of political and logistical
complications.

Ian Bremmer is the president of the Eurasia Group, a think tank in New York. He told the conference that many U.S. oil companies initially had high hopes for
greater investment in Iran`s energy resources. But Iran`s inclusion in U.S. President George W. Bush`s "axis of evil" has sidelined any such plans for the
moment. Bremmer says: "A lot of these companies -- and I`m thinking particularly about the U.S. oil majors -- now that Iran is not really in the short-term plans,
are starting to look at alternative places in the region where they can put some of their investment dollars. I`ve spoken to a number of oil majors here that are now
looking much more closely at Russia and the Caspian [region] as places to put their money. And I think that`s going to increase down the road."

Leonard Coburn, who directs the office of newly independent states at the U.S. Department of Energy, says that multinational corporations can prove beneficial
to the Central Asian oil development landscape in a number of ways. He says such corporations provide capital, management and project-development
expertise, technology, exposure to modern environmental protection methods, and social development.

Coburn says the development of the prospective fields requires huge investments, and adds it is clear that countries in the region are not capable of raising the
funds without foreign investment. The Energy Department officials says Kazakhstan will require $50 billion to $70 billion in investment, while Azerbaijan will need
around $60 billion. Coburn says: "Kazakhstan and Azerbaijan have production-sharing arrangements that are already in place and have been able to attract
substantial amounts of investment to date. For instance, Kazakhstan already has brought in $10 billion of investment. In Azerbaijan they brought $3.5 billion.
[This is in] contrast to Russia, which has not brought that level of Western investment into its oil and gas industry. The fundamental reason is that they do not
have a stable production-sharing agreement regime in place."

Many participants noted that production-sharing contracts, as opposed to licensing agreements, are now the preferred legal framework for multinationals
operating in Central Asia. Licensing agreements have proven to make a venture vulnerable to changes in taxation policies and other complications.

David Goldwyn is the founder of Goldwyn International Strategies, a Washington consulting firm. He told the conference that Kazakhstan and Azerbaijan are
aggressively pushing for production-sharing agreements with multinationals. He also says Turkmenistan is the most problematic country in the Caspian oil and
gas zone.

"For most of the [Caspian] area there`s plenty of development; it`s not a near-term issue. For Turkmenistan it`s a problem, because as long as they maintain that
fields that are under development by Azerbaijan belong to Turkmenistan, they`re not going to get any pipeline going anywhere. This was the death of TCP -- the
trans-Caspian Pipeline [from Turkmenistan to Turkey]. It wasn`t clear where the Turkmen thought this thing was going to go, but it needed to go across
Azerbaijan. As long as they left this issue unresolved they weren`t going anywhere and their gas is going to be trapped. And I think they`re doomed to long-term
grief as long as they have that problem and as long as [President Saparmurat] Niyazov is there."

The Eurasia Group`s Bremmer said growing political instability in Turkmenistan makes any major short-term investment there unlikely.

Azerbaijan, meanwhile, has routinely been cited as suffering from corruption. A 2001 economic freedom report by the Washington-based Heritage Foundation
cites the U.S. State Department as saying, "Corruption is perhaps the greatest single problem foreign investors face in Azerbaijan." The problem, however, has
not turned foreign investors away from the country.

Some of the panelists noted that the corruption issue in Kazakhstan -- which in most part applies to the investment and development of the giant Tengiz oil field
-- could delay the development of the even bigger Kashagan field, which is expected to drive exports over the next 10 years.

But Bremmer says the corruption scandal -- involving alleged kickbacks of approximately $1.5 billion to Kazakh President Nursultan Nazarbaev and his family
and cronies -- will most likely not seriously hamper future foreign investments.

"There are big dollar signs in everybody`s eyes when it comes to Kashagan. So I don`t think [corruption charges will hurt]. I think what you might find is that
some American majors may find themselves a little bit more tentative if they find they`re taking a little bit too much heat. And you also might find that the energy
supply companies could end up also being in a position where they find themselves in some difficulty or they just want to reduce their presence. But in general I
still think money`s going to be talking in [Kazakhstan]."

All the same, Bremmer says he does not expect corruption cases to subside in Kazakhstan. At most, he says, the Tengiz scandal will act as a "speed bump"
for the U.S. administration as it tries to promote more investment in Kazakhstan.

[farang777]

@ all: gutes informatives board, bleibt aktiv!

@wbj:
The Company has completed its evaluation of License 953 and has concluded that the western portion of the block does not have commercial recoverable oil potential. The remaining exploration efforts will be focused on the eastern portion of the block. As a result, the Company recorded an impairment to the net total costs recorded for this license of $10.7 million for the year ended 2001.

steht in der press release von aipn am 22/3. wie kommst du hingegen auf die Est. oil/gas reserves of 3.8 billion barrels oil equivalent?

wollte das nur mal zu bedenken geben. das andere feld gefällt mir besser. man steht ja vor der kooperation mit gazprom, die werden sich als quasi-monopol-verhandlungspartner jedoch nicht die butter vom brot nehmen lassen.

wie ist also deine meinung und hast du noch quellen für est. speculative o.ä. reserve-einschätzungen?

gruß
farang

[WarrenBuffetJunior]

@farang

die Angabe bezüglich reserves of 3.8 billion barrels oil hab ich aus Kasachstan. Leider find ich gerade die Quelle nicht.

Wurde von der Regierung veröffentlicht - unter anderem auch die Felder von Hurricane und weiteren "Playern". Da die Angaben bei HHal sich als korrekt herausgestellt haben dürfte auch bei AIPN keine Luftnummer dahinterstecken.

Leider hatte ich noch keine Einblick vor Ort


@habkeingeld

danke für die Infos

wo und wie investierst du derzeit ?
im Moment haben wir einige "Abzocker" am Markt, die den Hurricane Hyp ausnutzen möchten



W.B.J.

[farang777]

@wbj: solltest du die quelle nochmals finden würde ich mich über einen link freuen. wenn das stimmt, dann ist hier das potential ja enorm.

unter ähnlich spekulativen aspekten gefällt mir auch tracer.
gruß
farang

[WarrenBuffetJunior]

@ farang

ich beobachte tracer ebenfalls

schau dir einmal NIZHNEKAMSKNEF an.
Da haben m.E. nach einige aufgrund
des schweren Namens vergessesn etwas
genauer hinzuschauen.


hier ein wenig über NIZHNEKAMSKNEF aus dem Netz :

Nizhnekamskneftekhim -ein kleiner Zungenbrecher- ist der größte Ölverarbeiter in Rußland und die Nr. 4 der Welt. Der Name ergibt sich aus Nizhnekamsk (Stadt an der Kama einem Nebenfluß der Wolga) und neftekhim (Petrochemie, wobei neft Öl heißt). Da man sich langsam dem westlichen Kapitalmarkt öffnet, findet zunehmend die Abkürzung NKNK. Inc Gebrauch.

1961 begann der Bau der Nizhnekamsker Ölraffinerie, die dann 1967 den Betrieb aufnahm. 67 % der Anteile an der Raffinerie gehören Tatneft, der Rest NKNK und kleineren Investmentgesellschaften. In den Folgejahren wurden die unterschiedlichsten Öl- Verarbeitungsbereiche in Nizhnekamsk aufgebaut. 1979 wurde der Bereich ELOU-AV und 1980 das Ethylene- Oxid Werk in Betrieb genommen. 1983 kam die Produktionsanlagen für Propylen Oxide und einfachen Polyethers hinzu. Über eine Ethylenpipline von 806 km Länge werden jährlich 300 000 t zu den Kunden in Kazan, Ufa und Sterlitamak gliefert.

Seit 1993 ist man eine Aktiengesellschaft. Mehrheitsgesellschafter mit 51 % der Anteile ist Tatneft.

Zu den Aktien: Das Aktienkürzel in Moskau lautet NKNC. 1 NKNK ADR gleich 10 NKNK Aktien. Die WKN lautet 918 029. Die Umsätze nehmen in letzter Zeit erheblich zu und erreichen an manchen Tagen die 20.000 Stück Grenze. Wie dem Kursverlauf zu entnehmen ist, geht es recht abenteuerlich in diesem Wert zu. Erlärungen können dafür nicht geliefert werden. Vor kurzem fanden einige Umstellungen in der Aktie und damit auch in den ADR statt, so daß man 25 % mehr ADR in seinem Depot hat.

Einschätzung: Geschäftszahlen nach westlichen Vorstellungen sind nicht zu erhalten. Das muß aber nicht so bleiben, denn das Ziel auch der russischen Firmen ist sicherlich eine Wertsteigerung des Unternehmenswertes- sprich der Marktkapitalisierung. Daher lohnt sich auf Sicht von 5- 10 Jahren eine Spekulation (spekulativer geht es wohl kaum) in diesen Wert. Man kann davon ausgehen, daß -ähnlich wie bei Yukos und Sibneft- westlichen Vorstellungen von Transparenz und Öffentlichkeitsarbeit schnell Einzug halten und dann ein ziemlich atemberaubender Aufstieg der Aktie beginnt. Wir haben auch einige NKNK im Musterdpot und sind auch privat selbst angagiert.



akt. Kurs bei 1,80 Euro
REINLEGEN

W.B.J.

[tgfn]

Hi,

steht zwar nichts wesentlich neues drin, ist für einen ersten Überblick aber nicht schlecht.

Teton Petroleum Company (OTC BB: TTPT), based in Steamboat Springs, Colo., the only fully reporting U.S. oil and gas exploration company with all its assets Russia, has seen its stock price jump this year as new developments enhance operations. Teton recently announced that its proven reserves in Western Siberia grew five times to 42 million barrels from 8.5 million barrels; a copy of the release is pasted below.

The company in another recent announcement announced that daily production has grown to 3,300 barrels, net 825 barrels to Teton, up from 2,555 barrels of daily production at year-end 2001. The company will complete four new wells on its Eguryak Field properties over the next month, adding to the eight wells already in production. A copy of the release is attached for your review.

Howard Cooper, President and CEO of Teton Petroleum, after speaking at the recent Sachs-Bloomberg 6th Annual Conference -- Investing in Russia conference in New York, said he plans an ambitious drilling plan. He estimates that ultimately Teton?s daily oil production will be approximately 19,000 barrels, net 10,000 barrels to Teton.

Costs to lift a barrel of oil are inexpensive in Russia when compared to the Political uncertainty in the Middle East, Howard recently told the Dow Jones News Service. "We?re in Russia for the long haul." In fact, Teton has been investing, producing and selling oil from its Russian field since 1997.

Undervalued Stock ? Recent purchases of smaller oil companies in Russia have been for more than US$1-per-barrel of proven plus probable reserves. Placing a US$1-per-barrel on Teton?s proven reserves would give Teton a value of more than $42 million, with approximately $1 million in debt, provides an estimated net asset value of approximately $41 million versus a current market cap of approximately $15 million.

Other recent developments about Teton include:

The company operates a 25-mile-long pipeline to a processing facility whose production ultimately flows to Germany, ensuring a steady flow of cash to Teton throughout the year.

The company expects to complete its own processing and separating plant in the fourth quarter of 2002, enabling the company to significantly cut its production costs.


John D. Robinson
Current Capital Corp.
47 Avenue Rd.
2 nd Floor
Toronto.ON
416-860-0211
1-877-859-5200

[WarrenBuffetJunior]

um einmal wieder etwas von meinem Lieblingswert zu berichten :

aktueller Kurs : 0,083 US Dollar
werde in den nächsten Tagen wenn möglich dem Kurs wieder etwas unter die Arme greifen


AMERICAN INTERNATIONAL PETROLEUM CORPORATION


Traded OTC BB: AIPN
Year Ended Decemberr 31, 2001

Total Assets: $37 million
Debt/Equity: 37.6%

Common Shares Out.: 185.5 million
Long-term Debt: $13.9 million

Book Value per share: $.09
Shareholders’ Equity: $16.3 million



OVERVIEW

American International Petroleum Corporation (the “Company” is a diversified petroleum company which, through various wholly owned subsidiaries, is involved in oil and natural gas exploration and development in Kazakhstan, and refining, marketing and transportation of petroleum products in the United States. Headquartered in Houston, TX, the Company has operating offices in New York, NY; Lake Charles, LA; St. Marks, FL, Moscow, Russia and Almaty, Kazakhstan.

Wholly owned subsidiaries:
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 an independent evaluation by petroleum consulting firm Ryder Scott Co. L.P. 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 is seeking to close a sales and transportation agreement for its gas from the Shagyryl-Shomyshty field. The Company is talking with various potential purchasers for the gas.

The Company anticipates the initial first phase development of the Shagyryl-Shomyshty shallow gas reserves will be a drilling program, consisting of drilling two vertical and two horizontal wells.

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/structural control wells were also drilled to obtain specific geological structure information. The anticipated drilling of multiple shallow Eocene development gas wells, including the horizontal wells, is the first phase towards helping 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 and affiliate of Halliburton Company (NYSE: HAL).

The initial development plan for the project also 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 leading energy companies for development of the field’s infrastructure.

The Company’s Licenses, about 80 miles southeast of Chevron’s huge Tengiz oil field adjacent to the Caspian Sea, are surrounded by major oil companies that include ExxonMobil, BP Amoco, Elf Acqitaine and Japan National Oil Company. Kazakhstan is recognized as one of the most prolific oil and natural gas regions of the world.

American International Refinery Inc. (AIRI), headquartered in Houston, TX, owns and operates a 30,000 barrel per day refinery with a 720,000 barrel storage capacity in Lake Charles, LA. AIRI also owns St. Marks Refinery, near Tallahassee, FL, which it anticipates utilizing during the 2002 warm weather season as a asphalt distribution terminal and storage facility to serve the Florida, Georgia and Alabama markets.

The Lake Charles refinery, situated on 87acres of land adjacent to the Calcasieu River, is accessible from the Gulf of Mexico, facilitating deliveries to AIRI via barge as well as to customers throughout the U.S. Gulf Coast and lower Mississippi River.

AIRI’s refinery processes heavy crude oil and produces refined products that target niche markets, concentrating primarily on higher-margin technologically advanced polymerized asphalt for highway paving, as well as various refined feedstocks. AIRI is utilizing its Atmospheric Distillation Unit (ADU) to refine crude oil into various products such as naphtha, distillate, kerosene, gas oil and ADU bottoms. The refinery is also utilizing its Vacuum Distillation Unit (VDU) to produce asphalt and vacuum gas oil (VGO). AIRI is striving to maximize refinery profitability, utilization, capacity, revenues and cash flow.

The Company is currently having active discussions with various companies and individuals who have expressed an interest in processing their crude oil through the Company’s Lake Charles refinery or providing capital to the Company to process its own crude oil.

AIRI’s Asphalt Testing Services Laboratory at Lake Charles, established in 1998 to provide quality assurance, specification testing and compliance services to support AIRI’s Asphalt Division, offers test services to industry and government customers.

Gulf Coast Petroleum Trading, Inc. (Gulf Coast), a wholly owned Company subsidiary, markets AIRI’s refined products, such as naphtha, distillates and VGO, and residual products such as asphalt, ADU bottoms and coker feedstock throughout the U.S. Gulf of Mexico and lower Mississippi River.

American International Marine (AIM), owns a 340 ft., 3,750 ton capacity inland waterway barge, with a 27,500 calibrated barrel capacity. AIM’s barge delivers heavy crude oil and residual products, including asphalt and asphalt feedstock, to AIRI’s Lake Charles, LA, refinery and makes deliveries to customers throughout the U.S. Gulf Coast and lower Mississippi River. The Company anticipates utilizing AIM’s barge to more economically and expeditiously deliver AIRI’s processed asphalt to the St. Marks Refinery.

Management: The Company’s highly experienced management team is led by Chairman Dr. George Faris; President and COO James Knight (as of 9/4/01); CFO and Executive Vice President Denis Fitzpatrick; and, AIRI President Gene Chew, former chairman of the Asphalt Institute.

Year Ended December 31
2001 2000 Revenues
$ 18,637,000
$ 3,274,000

Net Loss (a.)
$ a.(27,670,000)
$ a.(25,428,000)

Loss per share
$ (.17)
$ (.23)


a -Includes aggregate non-cash charges of $22,315,000 in 2001 for depreciation, amortization, asset impairments, bond costs, and other non-cash items.
b - Includes aggregate non-cash charges of $15,987,000 in 2000 for depreciation, amortization, asset impairment, bond costs, and other non-cash items.



allen ein schönes Wochenende

W.B.J.

[WarrenBuffetJunior]

Teton + 20 %
auf 0,60 Dollar
bei hohen Umsätzen


W.B.J.

[WarrenBuffetJunior]

Teton :
-------
da tut sich was - vor kurzem war noch zu hören, dass die Finanzierung zwar durch ist, die Konditionen aber nicht gerade aussichtsreich für Teton sind.

Ich könnte mir bald mal wieder Meldungen vorstellen !

long in Teton
W.B.J.

[WarrenBuffetJunior]

aus einem anderen Threat etwas zu Teton :

die in USA ansässige Teton Petroleum ist seit meiner initialen Empfehlung im Januar bei 0,22 USD und meinem Update im März bei 0,44 USD inzwischen auf 0,57 USD (15.April 2002) gestiegen. Derzeit konsolidiert der Aktienkurs auf diesem Niveau. Die Frage ist nun, ob weitere Kurssteigerungen zu erwarten sind. Hierzu möchte ich gerne den beim letzten Update erwähnten Vergleich über die gesicherten Ölreserven weiter ausführen.

Teton verfügt über gesicherte Reserven von 41,96 Million Barrel Öl, bei 28 Millionen ausstehenden Aktien bezahlt ein Investor bei einem Kauf von Teton Aktien (zu 0,57 USD) umgerechnet 0,36 USD pro Barrel (oder auch: "Evaluation/Reserves". Diese äusserst wichtige Kennzahl bei der Bewertung von Ölfirmen werde ich im folgenden als Grundlage für einen Vergleich heranziehen.


Die Tabelle enthält eine Peer Group US-amerikanischer Öl-und-Gas Firmen:


Name
Handelsplatz: Kürzel
Marktkapitalisierung in Millionen USD
Gesicherte Reserven in MMBoe*
USD pro Barrel

Anadarko Pet.
NYSE: APC
12900
2305
5,60

Devon Energy Corp
Amex: DVN
7010
1602
4,38

Stone Energy
NYSE: SGY
1000
184
5,43

Key Production
NYSE: KP
266
24
10,90

Nuevo Energy
NYSE: NEV
254
233
1,09

Clayton Williams
NasdaqNM: CWEI
134
22
6,13

Mission Rescources
NasdaqNM: MSSN
67
67
1,00

Teton Petroleum
OTCBB: TTPT
16
42
0,36


*MMBoe: Million Barrels of Oil Equivalent (Gasreserven werden auf Öl umgerechnet)


Hieraus ergibt sich eine deutliche Unterbewertung von Teton und das obwohl ich aus Vergleichbarkeitsgründen bei der Auswahl nur Unternehmen herangezogen habe, die aktuell einen Verlust erwirtschaftet haben.

Der weltweite Vergleich bringt folgendes Ergebnis:

Das "Oil and Gas Journal" (http://ogj.pennnet.com/) nennt als Referenzwerte für

Internationale Unternehmen (International Company Average) 10,1 USD pro Barrel

Unternehmen aus Schwellenländern (Emerging Markets Average) 5,4 USD pro Barrel

Der Russische Oil-and-Gas-Analyst Konstantin Reznikov von der Alfa Bank, Moskau (Tel: [phone]) nennt als Referenzwert für russische Unternehmen (Russian Company Average) 1,2 USD pro Barrel.

Teton weist aufgrund seiner, von Gustavson geprüften, gesicherten und erschlossenen Reserven eine signifikante Unterbewertung auf. Zwar ist Teton "nur" im amerikanischen Freiverkehr gelistet, doch der Abschlag ist weit überzogen. Die Ergebisziffern von Teton sind durch die hohen Vorleistungen weiterhin angespannt, werden sich langfristig aber sehr positiv entwickeln. Weiteren Aufschluss wird die Unternehmensplanung für die nächsten Jahre ergeben, welche wir noch in diesem Monat erwarten. Die Zurückhaltung gegenüber russischen Aktivitäten hat sich deutlich abgeschwächt. Öl aus Russland wird zunehmend als Alternative zur kriesengeschüttelten Nahost-Ölversorgung gesehen. Nach den Gewinnen der letzten Wochen konsolidiert der Kurs und dürfte sich in Kürze sehr deutlich weiter aufwärts entwickeln.



allen noch einen schönen Abend


W.B.J.

[WarrenBuffetJunior]

das Orderbuch bei Nizhnekamskneftekhim ist bald leer

3 inst. Marketmaker liegen noch drin. Zum Vergleich bestand vor einigen Tagen noch deutlich größeres Verkaufsinteresse
Und auch die Käuferseite baut sich langsam aber sicher auf.


long in Nizhnekamskneftekhim
W.B.J.

[JosedelaVega]

Nizhnekamskneftekhim
wird inzwischen mit 1,70 zu 1,90 getaxt
die größeren Stücke im Bereich 1,75 - 1,85 sind weggekauft

Teton
inzwischen kann man langsam wieder einige sich reinlegen
im Bereich 0,5-0,55 dollar mal wieder einige aufbauen

interessanteste Werte derzeit :

Adair
siehe Adair Threat im OTC Board
und
AIPN
aipn hat in den letzten Tagen stark verl. von 0,11 auf inzw. 0,07 !
hier sollte man Positionen aufbauen




@all
mein Kollege Warren kann leider nicht weiterposten - also hab ich ihm versprochen zu übernehmen

[JosedelaVega]

hier ein wenig über NIZHNEKAMSKNEF aus dem Netz :

Nizhnekamskneftekhim -ein kleiner Zungenbrecher- ist der größte Ölverarbeiter in Rußland und die Nr. 4 der Welt. Der Name ergibt sich aus Nizhnekamsk (Stadt an der Kama einem Nebenfluß der Wolga) und neftekhim (Petrochemie, wobei neft Öl heißt). Da man sich langsam dem westlichen Kapitalmarkt öffnet, findet zunehmend die Abkürzung NKNK. Inc Gebrauch.

1961 begann der Bau der Nizhnekamsker Ölraffinerie, die dann 1967 den Betrieb aufnahm. 67 % der Anteile an der Raffinerie gehören Tatneft, der Rest NKNK und kleineren Investmentgesellschaften. In den Folgejahren wurden die unterschiedlichsten Öl- Verarbeitungsbereiche in Nizhnekamsk aufgebaut. 1979 wurde der Bereich ELOU-AV und 1980 das Ethylene- Oxid Werk in Betrieb genommen. 1983 kam die Produktionsanlagen für Propylen Oxide und einfachen Polyethers hinzu. Über eine Ethylenpipline von 806 km Länge werden jährlich 300 000 t zu den Kunden in Kazan, Ufa und Sterlitamak gliefert.

Seit 1993 ist man eine Aktiengesellschaft. Mehrheitsgesellschafter mit 51 % der Anteile ist Tatneft.

Zu den Aktien: Das Aktienkürzel in Moskau lautet NKNC. 1 NKNK ADR gleich 10 NKNK Aktien. Die WKN lautet 918 029. Die Umsätze nehmen in letzter Zeit erheblich zu und erreichen an manchen Tagen die 20.000 Stück Grenze. Wie dem Kursverlauf zu entnehmen ist, geht es recht abenteuerlich in diesem Wert zu. Erlärungen können dafür nicht geliefert werden. Vor kurzem fanden einige Umstellungen in der Aktie und damit auch in den ADR statt, so daß man 25 % mehr ADR in seinem Depot hat.

Einschätzung: Geschäftszahlen nach westlichen Vorstellungen sind nicht zu erhalten. Das muß aber nicht so bleiben, denn das Ziel auch der russischen Firmen ist sicherlich eine Wertsteigerung des Unternehmenswertes- sprich der Marktkapitalisierung. Daher lohnt sich auf Sicht von 5- 10 Jahren eine Spekulation (spekulativer geht es wohl kaum) in diesen Wert. Man kann davon ausgehen, daß -ähnlich wie bei Yukos und Sibneft- westlichen Vorstellungen von Transparenz und Öffentlichkeitsarbeit schnell Einzug halten und dann ein ziemlich atemberaubender Aufstieg der Aktie beginnt. Wir haben auch einige NKNK im Musterdpot und sind auch privat selbst angagiert.



ach ja :

sehr interessant - Yukos möchte in den kommenden Wochen im osteurop. Bereich im RaffinerieBereich groß zukaufen



Jose

[kazman]

@WBJ

ich finde Adair auch sehr! interessant

Ich nehme an, Du kennst das hier: http://www.truthaboutaigi.com

Scheint mir eine 10000%-Chance zu sein, wenn die Übernahme klappt

Von Teton lasse ich aus genannten Gründen die Finger.

Nizhnekamskneftekhim finde auch sehr interessant - habe ich aber noch zu wenig Informationen

cu

[t.1]

Teton Petroleum Company Quick Quote: TTPT 0.54 (Even)




Teton Petroleum`s Siberian Production Passes 4,000 Barrels a Day and Torch Energy Advisors Forecasts Earnings for Teton for 2002
5/1/02



STEAMBOAT SPRINGS, Colo., May 1, 2002 /PRNewswire-FirstCall via COMTEX/ -- Teton Petroleum Company (OTC Bulletin Board: TTPT; Frankfurt: TP9) announced today its field production in Western Siberia has increased to 4,080 barrels of oil per day, net to Teton 1,020 barrels a day.
The company completed Well #600 successfully and the well is flowing 730 barrels a day. The company is also completing well #601, #602 and #40-P over the next month, which will add additional production to the company. Further information will be forthcoming.

"We are extremely happy to have increased our field production from 500 barrels of oil per day in 2001 to 4,082 barrels a day in 2002. This sends a positive message to the market that we are following our business plan in Russia successfully," said Teton`s President H. Howard Cooper.

In addition, Torch Energy Advisors completed a research report that forecasts projected earnings for 2002 of $0.02 a share. This report is available on their website www.teai.com . Teton is targeting total revenues of approximately $5 million with net income of approximately $700,000, or $0.02 per share, for 2002.

Teton reported revenues of $1,625,000, compared to $1,675,000 in revenues for the year ended December 31, 2000. The company reported a net loss of $1,742,000 for 2001, or ($0.06) per share, compared to a loss of $2,957,000, or ($0.17) per share, for 2000.

"Our achievements in 2001 have positioned our company for future profitability. We attained significant increases in production and reserves as a result of our investments in drilling and completing the new wells and by expanding our pipeline infrastructure in 2001," said Teton`s Chief Financial Officer Tom Conroy. "We also became a fully reporting company with the U.S. Securities and Exchange Commission and received our listing on the OTC Bulletin Board during the year."

Oil is being pumped through a 40-kilometer pipeline, which was completed in June 2001, to the DNS-32 processing and separating facility in Samotlor Oil Field, Western Siberia, and Russia. The company expects to complete its own DNS processing and separating facility in the fourth quarter of this year, which will enable the company to reduce its production cost significantly.

Teton is an oil and gas exploration and production company which conducts its active business solely through a 50 percent ownership interest in Goltech LLC, a Texas limited liability company, which, in turn, operates solely through ownership of 70.59 percent interest in Goloil, a Russian closed joint stock company. Goloil owns the Eguryak license in Western Siberia. According to a reserve audit prepared by Gustavson Associates, Inc., the Eguryak license contains 41.96 million barrels of proven reserves net to Teton. Additional information about Teton is available at its website, www.tetonpetroleum.com

grüßet.1

[JosedelaVega]

@kazman

schön, dass wir mal wieder 2 gemeinsame Werte haben ( aigi und nz. ) - bei hhal vor 2 Jahren trafen sich unsere Interessen zum ersten mal

AIGI :

heute im Hoch schnell auf 0,028 Dollar

AIPN
derzeit klare KAufkurse auf hoch spek. Basis

Teton :

wesshalb bist du bei Teton nicht dabei ?
Gut mir gefallen die Verflechtungen auch nicht besonders gut aber ... ( wie in anderen Threats angesprochen )
Mich würde interessieren was Dir nicht zusagt.


@t.1

danke für die Info



jose´

[JosedelaVega]

AIPN
gestern mit NEWS + 10 %
Schnäppchenkurse - zuschlagen

Teton
gestern hatten wir einmal wieder einige "Käufer" im Markt die größere Stücke abgenommen haben

Niz.
Kurs inzwischen : 1,85 zu 2,10


Jose´

[kazman]

@Josedela

wg. Teton
Irgendwie scheint mir da der Buschklan mit involviert.
Gefällt mir jedenfalls alles nicht, und von Mittelasien lasse ich zur Zeit ganz die Finger.
Hurricane - das waren die "Lieben" .. die haben Fussballmanschaften gesponsort, Kindergärten aufgebaut und Schulen renoviert .. irgendwie sind diese Zeiten vorbei

wg AIGI

find ich sehr interessant, weil hier offensichtlich starke Interessen vorhanden sind den gesamten Rechtskonstrukt zu übernehmen - also eben nicht das sonst übliche Geschrei nach Schadenersatz von geprellten Kleinaktionären.
Warum sollten die sich so einen Laden antun wollen, wenn da nicht auch Substanz dahinter steckt ?

http://www.truthaboutaigi.com

Braucht hat alles ein bischen Zeit ... abwarten

---

Tja, wie Du siehst habe ich mal wieder nicht mehr wie "gesunden Menschenverstand" zu bieten.
Aber vielleicht haben wir ja Glück, und der Goldesel scheisst uns mal wieder ein paar Dukaten ;-)

btw: Gold .. bin seit einiger Zeit auch noch fett in Silber investiert und dabei auch nicht so ganz unglücklich

aber nur die Dicken PAAD und SSRI

und dann bin ich blind der Empfehlung von Investmentkollege WBJ gefolgt und habe mir ein paar Grange ins Depot gelegt.

---
...Und leider sitze ich noch auf Orckit (ORCT) - aber was soll ich die verkaufen .. Zahlen sind immer ok, aber Hightech besonders aus Israel sind zur zeit wohl nicht ganz der Renner


also Viel Glück !

[JosedelaVega]

hallo kazman

schön dich hier zu sehen

mit Grange hast du nichts falsches gemacht

schick mir mal eine "nicht" WO-E-Mail Adresse von Dir in mein Postfach ! Infos

wünsch dir ein schönes Wo


Jose`

[JosedelaVega]

Niz.
Kurs jetzt 2,10 Euro

Jose´

[kazman]

@Jose

wo bleibt Info ?

Kann es kaum erwarten ;-)

cu

[JosedelaVega]

American International Petroleum Corporation (AIPC) (Exploration License) AIPC (U.S.) 70% Est. oil/gas reserves of 3.8 billion barrels oil equivalent -- Finished logging operations at Begesh No. 1 well in (1/01)
American International Petroleum Corporation (AIPC) American International Petroleum Kazakhstan (wholly owned subsidiary of AIPC) Est. recoverable natural gas reserves of 700 Bcf -- AIPC completed 2 wells in Shagyrly-Shomyshty gasfield in 1999; production in 2001-2002



jose´

[JosedelaVega]

aus diesem Grund mein Liebling
AIPN

Wholly owned subsidiaries:
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 an independent evaluation by petroleum consulting firm Ryder Scott Co. L.P. 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 is seeking to close a sales and transportation agreement for its gas from the Shagyryl-Shomyshty field. The Company is talking with various potential purchasers for the gas.

The Company anticipates the initial first phase development of the Shagyryl-Shomyshty shallow gas reserves will be a drilling program, consisting of drilling two vertical and two horizontal wells.

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/structural control wells were also drilled to obtain specific geological structure information. The anticipated drilling of multiple shallow Eocene development gas wells, including the horizontal wells, is the first phase towards helping 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 and affiliate of Halliburton Company (NYSE: HAL).

The initial development plan for the project also 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 leading energy companies for development of the field’s infrastructure.

The Company’s Licenses, about 80 miles southeast of Chevron’s huge Tengiz oil field adjacent to the Caspian Sea, are surrounded by major oil companies that include ExxonMobil, BP Amoco, Elf Acqitaine and Japan National Oil Company. Kazakhstan is recognized as one of the most prolific oil and natural gas regions of the world.


Jose´

[JosedelaVega]

und vor allem : hier tut sich gehörig was


Revenues 2001
$ 18,637,000

2000
$ 3,274,000


Jose´

[JosedelaVega]

Freitag 10. Mai 2002, 17:42 Uhr
Teton Petroleum steigert Produktion auf 4.500 Barrels pro Tag, gibt Ernennung von Outside Director bekannt und berichtigt frühere Zahlen


Steamboat Springs, Colorado, USA Das Board of Directors der Teton Petroleum Company (OTC Bulletin Board: TTPT; Frankfurt TP9) gab heute bekannt, dass er Karl F. Arleth zum Outside Director ernannt hat. Arleth ist derzeit Chief Operating Officer sowie Direktor bei Sefton Resources Inc (London: SER.L - Nachrichten) ., Denver, Colorado (USA).

Die Produktion des Ölfeldes von Teton
in Westsibirien ist auf 4.500 Barrels Erdöl pro Tag gestiegen, 1.125 Barrels pro Tag netto für Teton. Die Quelle Nr. 600 des Unternehmens wurde erfolgreich fertiggestellt und fördert jetzt 730 Barrels pro Tag. Des Weiteren werden innerhalb der nächsten 60 Tage auch die Quellen Nr. 601, 602 und 40-P fertiggestellt, die eine weitere Zunahme der Erdölproduktion für das Unternehmen bedeuten.

Arleth war 21 Jahre lang bei Amoco und BP (London: BP.L - Nachrichten) -Amoco beschäftigt. 1998 war er Vorsitzender des Board of Directors der Azerbaijan International Operating Company (AIOC) für BP-Amoco in Baku, Aserbaidschan. AIOC ist ein internationales Konsortium von 11 Unternehmen, das sich mit der Erschließung und Produktion von Erdöl aus dem riesigen aserbaidschanischen Offshore-Ölfeldkomplexes im Kaspischen Meer befasst. In den Jahren 1997-98 war Arleth gleichzeitig auch Präsident der Amoco Caspian Sea Petroleum Ltd. in Aserbaidschan und Director for Strategic Planning des Sektors für weltweite Erschließung und Förderung der Amoco Corporations in Chicago. Von 1992 bis 1996 war Arleth Präsident der Amoco Poland Ltd. in Warschau, Polen.

Wir freuen uns darüber, unseren Vorstand durch die Ernennung von Mr. Arleth weiter stärken zu können, sagte H. Howard Cooper, Präsident von Teton Petroleum. Seine Fachkenntnisse, seine Expertise im Bereich der strategischen Planung sowie seine internationalen Erfahrungen werden dazu beitragen, den Wert des Unternehmens zu steigern, und uns einen großen Schritt voranbringen.

Teton wies für das am 31. Dezember 2001 endende Geschäftsjahr Einnahmen von 1.625.000 USD aus. Das Unternehmen gab für 2001 einen Nettoverlust von 1.742.000 USD bzw. 0,06 USD pro Aktie an, im Vergleich zu einem Verlust von 2.957.000 USD bzw. 0,17 USD pro Aktie für 2000.

Unsere Erfolge im Jahr 2001 haben die Weichen für die zukünftige Ertragskraft des Unternehmens gestellt. Wir haben durch unsere Investitionen in die Bohrung und Fertigstellung der neuen Quellen sowie durch den Ausbau unserer Pipeline-Infrastruktur 2001 eine erhebliche Zunahme sowohl der Produktion als auch der Rücklagen erzielt, so Tom Conroy, Chief Financial Officer bei Teton. Außerdem haben wir auch den Status einer fully reporting company bei der US-Börsenaufsichtsbehörde (US Securities and Exchange Commission) erlangt und wurden im selben Jahr am OTC Bulletin Board zur Notierung zugelassen.

Das Erdöl wird durch eine 40 km lange Pipeline, die im Juni 2001 fertiggestellt wurde, zur Verarbeitungs- und Trennanlage des Samotlor-Ölfeldes in Westsibirien, Russland, gepumpt. Das Unternehmen wird voraussichtlich im vierten Quartal diesen Jahres eine eigene Verarbeitungs- und Trennanlage fertigstellen, wodurch es seine Produktionskosten erheblich wird senken können.

Teton ist ein Unternehmen, das sich auf die Erschließung und Förderung von Erdöl- und Erdgas konzentriert. Die Geschäfte erfolgen ausschließlich durch einen 50%-Anteil an der Goltech LLC, einer GmbH aus Texas, die ihrerseits ausschließlich durch einen 70,59%igen Anteil an Goloil, einer Closed-Joint-Aktiengesellschaft in Russland, operiert. Goloil besitzt die Förderlizenz für Eguryak in Westsibirien. Laut einer Reservenprüfung durch Gustavson Associates, Inc. enthält das lizenzierte Fördergebiet in Eguryak 41,96 Millionen Barrel gesicherter Nettoreserven für Teton. Weitere Informationen über Teton erhalten Sie auf unserer Website unter http://www.tetonpetroleum.com/ .

Diese Pressemitteilung enthält möglicherweise zukunftsorientierte Aussagen, die verschiedenen Unwägbarkeiten und Risiken mit möglichen Auswirkungen auf ihr Eintreffen unterliegen. Zu den Faktoren, die zu Abweichungen führen können, gehören u. a. (aber nicht ausschließlich) wirtschaftliche Bedingungen, Nachfrage und Vertrieb, Zinssätze, Wechselkurse, die Wettbewerbssituation, sowie Veränderungen in der Mineralölindustrie. Einzelheiten zu diesen Risiken werden auf den Formblättern 10-K, und 10-Qs, sowie sonstigen Akten des Unternehmens bei der SEC aufgeführt. Diese Pressemitteilung stellt weder ein Verkaufsangebot noch eine Aufforderung zum Kauf der Anteile an Teton Petroleum dar.


josé

[JosedelaVega]

hab euch mal ein neues Research

TETON PETROLEUM COMPANY

Nasdaq: OTC-BB Symbol TTPT FRA: Sybol TP9 WKN: 765 756

Sehr geehrter Interessent, sehr geehrter Anleger,
seit Januar empfehlen wir die Firma Teton Petroleum, die seither eine in diesem Börsenumfeld beeindruckende Performance aufweisen konnte. Die Kursentwicklung können Sie auf dem folgenden Chart nachvollziehen

Wie wir in dem letzten Update aufgeführt haben, ist Teton aufgrund seiner von dritter Seite nachgewiesenen Reserven fundamental deutlichst unterbewertet.

Internationale Unternehmen 10,1 USD pro Fass
Unternehmen aus Schwellenländern 5,4 USD pro Fass
Russische Unternehmen 1,2 USD pro Fass
Teton 0,36 USD pro Fass


Russische Ölfirmen konnten in den vergangen Monaten ebenfalls enorme Kursgewinne verbuchen, der Grund: Öl aus Russland wird nicht mehr als risikoreich, sondern als willkommene Alternative zur der Abhängigkeit vom Nahen Osten angesehen. Das fundamentale Potential von Teton liegt aber nicht nur in seinen Ölreserven, sondern darüber hinaus in der Produktionsausweitung. Seit 2001 wurde die Anzahl der Fördertürme schrittweise erhöht und die tägliche Goloil-Fördermenge auf 1152 Fass gesteigert (288 Fass anteilig für Teton). Zum heutigen Tag ist Teton seinen Planungen bereits weit voraus, die tägliche Förderung erreicht aktuell 4500 Fass, wovon Teton 25%, also 1125 Fass zustehen.

Bei der Betrachtung der Cash Flow Situation ist festzustellen, dass Teton durch die Produktionssteigerungen in eine signifikante Unterbewertung hineinläuft. Die Ölförderung in den ehemaligen GUS Staaten ist sehr preiswert, deswegen würde Teton ein niedriger Ölpreis nicht beunruhigen. Sogar bei $13 pro Fass wäre Teton noch profitabel. Bei diesem Preis müssten viele andere Ölfirmen die Arbeit einstellen. Der derzeitige Ölpreis von 26 USD beschert Teton durch seine 70%ige Exportquote einen enormen Gewinn und trägt zu einer Cash Flow Neubewertung bei.
Folgendes Szenario verdeutlicht die massive Unterbewertung der Aktie: Würde Teton bei einem konstanten Ölpreis keine Investitionen in Neuerschliessung tätigen, so läge das aktuelle KGV bei 4. Der Geschäftsplan sieht aber eine deutliche Erhöhung der Bohrlöcher vor, so dass die Produktion und die sich daraus ergebene Cash Flow Bewertung einen mehrfachen Aktienkursspielraum eröffnet.

Mit dazu bei trägt die Entscheidung der russischen Regierung die Ölexportsteuer von 2,6 USD auf 1,1 USD zu senken. Unseres Erachtens wird der Ölpreis auf längere Zeit in den aktuellen Regionen bleiben, sollte die Wirtschaft anziehen, wird der Preis aufgrund der erhöhten Nachfrage sogar noch steigen.

Mittlerweile liegen uns auch Zahlen über die wahrscheinliche Grösse des Goloil-Ölfeldes, bzw. des zu Teton gehörenden Anteils vor. Nach den unabhängigen Schätzwerten des bekannten US-Spezialisten Gustavson kommen zu den sicheren 41,96 Mio Fass noch einmal 45,41 Mio Fass wahrscheinliche Reserven hinzu. Die maximale Gesamtgrösse muss das jedoch noch nicht sein. Darüber hinaus liegen nach Schätzungen des amerikanischen Analysten Chuck Strain die möglichen Reserven bei 56,86 Mio Fass. Insgesamt würde Teton dann über 144,23 Mio Fass Öl verfügen. Aufbauend auf diesen Zahlen wird der Wert der Ölreserven auf 3,86 USD pro Aktie ermittelt, der Aktienkurs liegt aktuell bei 0,50 USD.

Gewinnschätzung In der Analyse von Mr. Strain (Torch Report – In Auszügen bei uns abrufbar) wird die Entwicklung von Teton bis zum Jahre 2006 geschätzt. Dabei wurde der zugrunde liegende Export-Ölpreis auf 18 US-Dollar festgesetzt. Der Gewinn beträgt weniger als 6 Dollar pro Fass, bei dem aktuellen Ölpreis von 26 Dollar steigt der Gewinn jedoch auf mehr als das Doppelte. Die Schätzung ist daher sehr konservativ, hinsichtlich des Gewinns für dieses Jahr sind wir aber noch zurückhaltender, da Kosten für die weitere Erschliessung in diesem Jahr keinen Gewinn zulassen werden. Die folgende Schätzung läuft nur bis 2006, weil sich der 25%ige Anteil Tetons an der Gesamtförderung ab dem Jahr 2007 deutlich erhöhen wird.

In Mio (USD) 2001 2002E 2003E 2004E 2005E 2006E
Einnahmen 1,63 4,97 7,72 13,39 27,60 37,70
Cash Flow -1,70 0,98 2,49 4,71 12,89 19,05
Cash Flow/Aktie -0,06 0,03 0,06 0,12 0,32 0,48
Gewinn -1,66 0,71 2,11 4,08 12,01 17,97
Gewinn/Aktie -0,06 0,02 0,05 0,10 0,30 0,45
Anzahl Aktien 26,93 35 40 40 40 40


Fazit: Teton ist drastisch unterbewertet, hieraus ergibt sich ein enormes Kurspotential. Rohstoffaktien erfreuen sich derzeit an der Börse wachsender Beliebtheit, zunächst wird in Blue Chips investiert und anschliessend in kleinere Firmen wie Teton. Durch die hohe Volatilität empfiehlt es sich umgehend Positionen aufzubauen bzw. zu verstärken.

Wir empfehlen die Aktie mit einem kurzfristigen Kursziel von 1 USD.

P.S. Wir weisen bereits jetzt darauf hin, dass Teton im September/Oktober in Frankfurt für eine Präsentation zu Gast sein wird

josé

[tgfn]

@jose

kannst du bitte die quelle nennen?
gruß
tgfn

[JosedelaVega]

Quelle :
financial.de

josé

[tgfn]

@jose,

danke.
Die Analyse wurde von Rudolf Heinze geschrieben. Wenn das der Rudolf Heinze ist, den ich meine, dann ist das der Ex-Chefanalytiker der deutschen Bank und jetziger Sprecher der Schutzgemeinschaft der Kleinaktionäre. Eigentlich keine schlechte Adresse für eine Aktienempfehlung.

Gruß
tgfn

[JosedelaVega]

wunderbar
ÖL : 27,9500 +0,18

josé

[JosedelaVega]

- AIPN gestern + 15 % und auf Tageshoch geschlossen

- bei AIGI geht es in die entscheidende Phase - SCORE, ...

- Teton kann momentan die 0,50 nicht überwinden - ich leg mir derzeit weitere nach !

- Nizh. 2 zu 2,10 Euro - long bleiben !!


josé

[Kubanisch_Rauchen]

Wie ist es eigentlich zu bewerten, das Arleth jetzt zusammen mit Heinz im Boot sitzt??? Drehen die wieder ein Ding???

KR

[tgfn]

@kubanisch_rauchen

wieso sitzt eurogas-arleth mit heinz im boot?

gruß

tgfn

[tgfn]

hab`s jetzt selbst gelesen. das wird ja immer interessanter.

[JosedelaVega]

Teton :

so die 0,50 Dollar sind unter hohem Volumen geknackt ! und zu 0,50 möchte jemand 50.000 Stück

Bid 0,50
Ask 0,52

josé

[JosedelaVega]

teton :
frisch gedruckt !!!!!

Press Release
SOURCE: Teton Petroleum Company
Teton Petroleum Completes Two New Wells, Increases Production To 5,000 Barrels a Day, and Appoints CFO as a New Executive Director

STEAMBOAT SPRINGS, Colo., May 15 /PRNewswire-FirstCall/ -- The Board of Directors of Teton Petroleum Company (OTC Bulletin Board: TTPT; Frankfurt: TP9) announced today that Thomas F. Conroy, its Chief Financial Officer since March 1, 2002, has been appointed Director and Corporate Secretary.

Teton`s field production in Western Siberia has increased to 5,000 barrels of oil per day, net to Teton 1,250 barrels a day. The company completed Well #600 and Well #601 successfully. The company is also completing well #602 and #40-P over the next sixty days, which will add additional production to the company.

Mr. Conroy, a Certified Public Accountant, spent 27 years with ING and its predecessor organizations, serving in various financial positions and leading two of its strategic business units as President. As President of ING Reinsurance, he established their international presence, setting up facilities in The Netherlands, Bermuda, Ireland and Japan. He also served as an Officer and Board Member of Security Life of Denver Insurance Company and its subsidiaries.

"We are pleased to be able to strengthen our Board of Directors through the appointment of Mr. Conroy," said H. Howard Cooper, President of Teton Petroleum. His accounting, financial planning and international experience will help us to increase shareholder value as our company moves up to the next level."

Oil is being pumped through a 40-kilometer pipeline, which was completed in June 2001, to the processing and separating facility in Samotlor Oil Field, Western Siberia, Russia. The company expects to complete its own processing and separating facility in the fourth quarter of this year, which will enable the company to reduce its production cost significantly.

Teton is an oil and gas exploration and production company which conducts its active business solely through a 50 percent ownership interest in Goltech LLC, a Texas limited liability company, which, in turn, operates solely through ownership of 70.59 percent interest in Goloil, a Russian closed joint stock company. Goloil owns the Eguryak license in Western Siberia. According to a reserve audit prepared by Gustavson Associates, Inc., the Eguryak license contains 41.96 million barrels of proven reserves net to Teton. Additional information about Teton is available at its website, www.tetonpetroleum.com .

This press release may make forward-looking statements, which are subject to various uncertainties and risks that could affect their outcome. Factors, which could cause or contribute to differences include, but are not limited to, economic conditions, product demand and sales, interest rates, foreign currency exchange rates, competition and competitors` actions, and changes in the petroleum industry. Please refer to the company`s 10-K, 10-Qs and other SEC filings for a more detailed discussion of the risks. This press release does not constitute an offer to sell or solicitation of an offer to buy Teton Petroleum securities.

SOURCE: Teton Petroleum Company

[JosedelaVega]

ich freu mich über meine Nachkäufe für 0,49 Dollar !
soeben wieder jemand 100.000 Stück bei 0,51 Dollar eingesammelt

josé

[JosedelaVega]

zu AIPN :
der heutige Quartalsbericht war sehr enttäuschend ! Ich erwarte hierzu noch ein Statment des neune Managements ! Bezüglich der Porduktion in Kasachstan - nothing !

akt. 0,05 US Dollar
ich werd wohl nochmals weitere Stücke einsammeln - die Rechte in Kasachstan sind Gold wert.


josé

[JosedelaVega]

so ich stell euch jetzt denn ganzen Bericht rein - da ja vielleicht nicht jeder von euch Zugriff bei Edgar hat.

ich bleib dabei, dass mir AIPN sehr gut gefällt

das Management kauft Stocks ...
das Management gibt dem Unternehmen privat kredite, ....

jose


SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20449

FORM 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2002


Commission File number No. 0-14905

AMERICAN INTERNATIONAL PETROLEUM CORPORATION
(Exact name of registrant as specified in its charter)


Nevada
(State or other jurisdiction of
Incorporation or organization) 13-3130236
(I.R.S. Employer
Identification No.)

2950 NORTH LOOP WEST, HOUSTON, TEXAS
(Address of principal executive offices) 77092
(Zip Code)
[phone]
(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes [X] No [_]

The number of shares outstanding of the registrant’s Common Stock, $.08 par value, as of May 15, 2002 is 196,366,286 shares.

1



--------------------------------------------------------------------------------


Part 1. Financial Information
Item 1. Financial Statements
AMERICAN INTERNATIONAL PETROLEUM CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS

March 31,
2002
(Unaudited) December 31,
2001

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Assets
Current assets:
Cash and cash equivalents $ 246,531 $ 456,343
Accounts and notes receivable, net 950,109 2,097,126
Inventory 228,288 199,811
Prepaid expenses 533,921 668,923

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Total current assets 1,958,849 3,422,203

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------


Property, plant and equipment:
Unevaluated oil and gas properties 14,803,624 14,602,595
Evaluated oil and gas properties 21,782,575 21,782,575
Refinery property and equipment 28,883,373 28,877,932
Other 1,023,458 1,079,502

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

66,493,030 66,342,604

Less - accumulated depreciation, depletion, and amortization (33,983,999 ) (33,586,034 )

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Net property, plant and equipment
32,509,031 32,756,570

Other long-term assets, net 783,079 875,467

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------


Total Assets $ 35,250,959 $ 37,054,240

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------


Liabilities and Stockholders’ Equity
Current liabilities:
Short-term debentures $ 1,254,647 $ 1,246,492
Notes payable - officers and directors 340,000 420,000
Notes payable - trade 189,673 319,873
Accounts payable 3,126,196 2,904,188
Accrued liabilities 1,887,304 1,675,543

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Total current liabilities 6,797,820 6,566,096

Long-term debt 13,305,711 13,919,968

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Total liabilities 20,103,531 20,486,064

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------


Minority Interest Liability 305,956 305,956

Stockholders’ equity:
Common stock, par value $.08, 300,000,000 shares
authorized, 196,266,286 and 181,602,484 shares issued
outstanding at March 31 , 2002 and December 31, 2001, respectively 15,701,303 14,528,199
Additional paid-in capital, common stock 158,242,653 158,352,018
Common stock issued as collateral, held in escrow (19,350 ) (141,700 )
Accumulated deficit (159,083,134 ) (156,476,297 )

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Total stockholders’ equity 14,841,472 16,262,220

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------


Total liabilities and stockholders’ equity $ 35,250,959 $ 37,054,240

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------


2



--------------------------------------------------------------------------------


AMERICAN INTERNATIONAL PETROLEUM CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS



FOR THE THREE MONTHS ENDED MARCH 31,
(Unaudited)

--------------------------------------------------------------------------------

2002 2001

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Revenues:
Trading Revenues $ — $ 1,331,645
Asphalt Revenues 1,152,015 7,900
Refinery Revenues 106,000 772,535
Joint Venture Income — 104,894
Other 43,236 46,956

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Total revenues 1,301,251 2,263,930

Expenses:

Trading costs — 1,243,676
Asphalt costs 1,218,461 58,583
Refinery costs 236,058 1,174,381
General and administrative 1,819,821 1,475,119
Depreciation, depletion and amortization 386,858 461,137
Interest 246,890 159,289

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Total expenses 3,908,088 4,572,185

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------


Net loss (2,606,837 ) (2,308,255 )
Incremental yield on preferred stock — 217,391

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Net loss applicable to common stockholders $ (2,606,837 ) $ (2,525,646 )

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------


Net loss per share of common stock - basic and diluted $ (0.01 ) $ (0.02 )

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------


Weighted-average number of shares
of common stock outstanding 186,903,541 143,183,665

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------


The accompanying notes are an integral part of these consolidated financial statements.

3



--------------------------------------------------------------------------------


AMERICAN INTERNATIONAL PETROLEUM CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS



FOR THE THREE MONTHS ENDED MARCH 31,
(Unaudited)

--------------------------------------------------------------------------------

2002 2001

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Cash flows from operating activities:
Net loss $(2,606,837 ) $(2,308,255 )
Adjustments to reconcile net loss to net
cash used in operating activities:
Incremental yield on preferred stock — (217,391 )
Depreciation, depletion, amortization and accretion of
discount on debt 433,203 718,185
Issuance of stock for compensation expense 398,333 —
Changes in assets and liabilities:
Accounts and notes receivable 1,147,017 (1,592,428 )
Inventory (28,477 ) 58,583
Prepaid and other 135,002 167,034
Accounts payable and accrued liabilities 449,724 1,453,097

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Net cash provided by (used in) operating activities (72,035 ) (1,721,175 )

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Cash flows from investing activities:
Additions to oil and gas properties (189,927 ) (1,194,489 )
Additions to refinery property and equipment (5,441 ) —
Decrease to other long term assets 137,759 294,820

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Net cash used in investing activities (57,609 ) (899,669 )

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Cash flows from financing activities:
Net increase in short-term debt 8,155 —
Net decrease in notes payable (43,400 ) (130,200 )
Net decrease in notes payable - officers (80,000 ) (150,000 )
Net increase in long-term debt 35,077
Proceeds from exercise of stock options and warrants — 3,819
Proceeds from sale of preferred stock — 2,372,013

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Net cash provided by (used in) financing activities (80,168 ) 2,095,632

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Net decrease in cash and cash equivalents (209,812 ) (525,212 )
Cash and cash equivalents at beginning of period 456,343 684,603

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------


Cash and cash equivalents at end of period $ 246,531 $ 159,391

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------


The accompanying notes are an integral part of these consolidated financial statements.

4



--------------------------------------------------------------------------------


AMERICAN INTERNATIONAL PETROLEUM CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’EQUITY
(Unaudited)


Common stock
--------------------------------------------------------------------------------
Additional Common Stock
Shares Amount paid-in
capital Held In
Escrow Accumulated
deficit Total

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Balance, January 1, 2002 181,602,484 $14,528,199 $ 158,352,018 $(141,700 ) $(156,476,296 ) $ 16,262,221

Conversions of debentures 10,378,788 830,303 (145,303 ) — — 685,000
Issuance of Stock for
compensation and services 4,043,266 323,461 74,872 — — 398,333
Issuance of stock in lieu of
current liabilities 241,748 19,340 (3,384 ) 86,800 — 102,756
Stock issued and adjustment
to value of stock previously
issued for collateral on debt — — (35,550 ) 35,550 — —
Net loss for the period — — — — (2,606,838 ) (2,606,838 )

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------


Balance, March 31, 2002 196,266,286 $15,701,303 $ 158,242,653 $(19,350 ) $(159,083,134 ) $ 14,841,472

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------


The accompanying notes are an integral part of these consolidated financial statements.

5



--------------------------------------------------------------------------------


AMERICAN INTERNATIONAL PETROLEUM CORPORATION

AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

March 31, 2002
1. Statement of Information Furnished
The accompanying unaudited condensed consolidated financial statements of American International Petroleum Corporation and Subsidiaries have been prepared in accordance with Form 10-Q instructions and in the opinion of management contain all adjustments (consisting of only normal recurring accruals) necessary to present fairly the financial position as of March 31, 2002, the results of operations for the three month period ended March 31, 2002 and cash flows for the three month period ended March 31, 2002. These results have been determined on the basis of generally accepted accounting principles in the United States of America and practices applied consistently with those used in the preparation of the Company’s 2001 Annual Report on Form 10-K. Results experienced in the three-month period are not necessarily indicative of the results to be expected for the entire year.

Certain information and footnote disclosures normally included in financial statements presented in accordance with generally accepted accounting principles have been condensed or omitted. It is suggested that the accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s 2001 Annual Report on Form 10-K.

2. Segment Information
We have two reportable geographical segments which are primarily in the business of exploration, development, production of oil and natural gas, and the refining, petroleum product trading, and asphalt products and services area.

In mid-February of 2001, our Lake Charles, Louisiana refinery commenced processing crude oil for a third party on a fixed throughput fee basis plus adjustments for fluctuating energy costs associated with the processing. This processing project was completed and terminated as of July 31, 2001. Also during the first quarter of 2001 we commenced buying and selling petroleum products through our products trading operations. On July 1, 2001, and throughout the first quarter of 2002 we have been operating our asphalt operations for our own account after having operated within a joint venture structure that was accounted for on the equity method from July 1, 2000 through June 30, 2001. Consequently, only the profits we derived from the joint venture during the first quarter of 2001, not the related revenues and expenses, were reflected on our financial statements for this period. The joint venture was terminated as of June 30, 2001 and we have operated our asphalt business for our own account since then.

We have had no oil and gas production operations since the first quarter of 1997 when we sold our South American wholly-owned oil and gas subsidiaries. Since this sale, our oil and gas activities have included, but were not limited to, geological and geophysical acquisition, reprocessing and/or analysis of data, acquisition of additional licenses or projects, drilling, and marketing analysis and negotiation. We have yet to implement oil and/or gas production operations in Kazakhstan.

6



--------------------------------------------------------------------------------


For the three months ending March 31, 2002, the asphalt operations had revenues of $1,152,000 and costs of 1,218,000. Our refining operations had revenues of $106,000 and costs and operating expenses of $236,000. The petroleum product trading operations had no revenues or related costs for the three months ended March 31, 2002. Interest income and other corporate revenues totaled $43,000 with general corporate expense, interest expense and depreciation, depletion and amortization being $1,820,000, $247,000, and $387,000, respectively. Our identifiable assets at March 31, 2002 totaled $25,566,000 operating assets in the United States, $8,961,000 for Kazakhstan, and $724,000 of corporate assets.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
Results of Operations:
For the Three Months Ended March 31, 2002 as compared to the Three Months Ended March 31, 2001
Trading Operations:

The product trading and marketing operations includes purchase and sales of various petroleum products that were previously derived from the processing agreement with Sargeant Bulktainers, Inc. The processing agreement with Sargeant was terminated as of July 31, 2001 and the refinery has not processed any crude oil since that time. Consequently there were no trading revenues or expenses during the first quarter of 2002 compared to product revenues of approximately $1,332,000 with costs of products approximating $1,244,000 during the first quarter of 2001.

Asphalt Operations:

During the first quarter of 2002, we recognized $1,152,000 of revenue from the asphalt operations with related costs of $1,218,000. These revenues were generated through the sale of asphalt products and to a lesser degree, asphalt related service fees. There were no asphalt revenues for the first quarter of 2001 due to our reporting income under the equity method of accounting for partnerships as previously discussed above. There was $7,900 of other asphalt-related services in the first quarter of 2001.

Actual asphalt sales volumes decreased 15%, from approximately 7,356 tons in the first quarter of 2001 to 6,252 for the current quarter of 2002. The asphalt sales for the first quarter of 2001 occurred within the joint venture with Sargeant. The decline in sales volume was attributable to inclement winter weather, reduced asphalt supply availability and our occasional shortage of available capital to purchase adequate quantities of asphalt feedstock. We are in the latter stages of discussions with a major oil company to finalize an agreement under which we would be provided unlimited amounts of asphalt to fulfill our outstanding contracts and backlog. We also have recently obtained a credit facility to provide us with the necessary capital to purchase the asphalt feedstocks necessary to service the backlog. At the end of March 2002, there was a backlog of asphalt sales orders of 40,000 tons valued at $6,000,000 compared to 70,000 tons valued at $11 million at the end of March last year.

Our St. Marks, Florida facility has not been in operation since the last quarter of 1998 due to the high cost of asphalt products since early 1999, the higher demand for the higher margin PG-grade polymerized products in the Louisiana and Texas markets, the lack thereof in the Florida markets, and the additional cost to transport products to St. Marks from Lake Charles. We currently plan to re-open and supply St. Marks with asphalt to be stored and sold into the Florida market. However, the State of Florida Department of Environmental Protection is in the process of investigating the St. Marks facility for site contamination that occurred prior to our purchase of the facility which was established in a 1992 DEP Consent Order. We have applied for declaratory relief to have the court declare and determine that St. Marks is not legally liable for preexisting contamination and to allow us to utilize the facility for our asphalt and other business. However, at this time there can be no assurance we will prevail with this action.

7



--------------------------------------------------------------------------------


Refinery Operations:

During the first quarter of 2002, our refining operation has not been operational. Recorded revenues were primarily from storage fees of approximately $106,000, compared to $773,000 of revenues from refinery operations during the first quarter of 2001. Processing fees derived from processing feedstocks for Sargeant commenced in February of 2001 and terminated on July 31, 2001. Our Lake Charles, Louisiana refinery was idle during the first quarter of this year but has been maintained in a state of readiness, pending a new agreement, which is currently under discussion. We incurred approximately $236,000 of operating costs during the current quarter compared to approximately $1,174,000 for the same period last year.

Other Revenues:

Other revenues remained approximately the same for the first quarter of 2002 as compared to the first quarter of 2001. We recognized approximately $38,000 of sublease income in the first quarters of both 2001 and 2002.

General and administrative:

General and administrative expenses, (“G&A”) increased approximately $345,000 during the current quarter compared to the same period of 2001. Financing costs included in G&A during the first quarter of 2002 increased approximately $121,000 primarily due to the amortization of prepaid bond costs related to outstanding debt that was issued in the second quarter of 2001. Payroll and employee related costs increased approximately $327,000. Certain other expenses fluctuated during the current quarter of 2002 compared to the same period in 2001 as follows: professional fees, telephone, and corporate and property taxes decreased approximately $24,000, $20,000 and $42,000 respectively; and insurance costs increased approximately $4,000.

Depreciation, depletion and amortization:

Depreciation, depletion and amortization expense decreased approximately $74,000 during the current period compared to the same period last year primarily due to the impairment of plant assets at December 31, 2001 which reduced our depreciable base for the first quarter of 2002.

Interest expense:

Interest expense, including yield on preferred stock, decreased approximately $130,000 during the current quarter compared to the same quarter in 2001. Outstanding interest- bearing debt instruments totaled $14,560,000 at March 31, 2002 compared to $11,050,000 at March 31, 2001 accounted for approximately $105,000 of an increase in interest expense during the current quarter compared to the same quarter last year. Non-cash charges of approximately $46,000 were recorded during the first quarter of 2002 for financing costs related to our outstanding convertible debentures compared to $259,000 of non-cash charges for convertible debentures and Preferred stock sales recorded in 2001, a decrease of $213,000.

Liquidity and Capital Resources

During the three months ended March 31, 2002, we used a net amount of approximately $72,000 for operations, which reflects approximately $832,000 of non-cash provisions. Approximately $1,282,000 was provided by decreases in accounts receivable and prepayments, $28,000 was used to increase asphalt blendstock inventory and $450,000 was provided from an increase in accounts payable and accrued liabilities. Additional uses of cash during the period included additions to oil and gas properties and refinery property and equipment of $195,000. Cash for operations was provided by proceeds from the increase in short-term and long-term debt of approximately $43,000 and cash was offset by cash used to decrease notes payable and notes payable-officers by approximately $123,000 and a decrease in other long-term assets of $138,000.

8



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In February 1999, Mercantile International Petroleum, Inc. failed to pay us the $1.6 million outstanding balance of the 5% convertible debenture it issued to us as partial payment for the purchase of our oil and gas properties in Columbia and Peru, South America in February 1997. In January 2000, we reached an agreement with Mercantile, under which Mercantile acknowledged its indebtedness to us in the amount of $1,581,000 for the outstanding balance of the debenture and an additional amount of $1,306,000 in connection with our earnout provision of the original purchase agreement. Mercantile agreed to repay this aggregate debt of $2,887,000 by issuing a new 11.5% convertible debenture to us. Beginning in February 2000, Mercantile began to make the scheduled monthly payments to us amounting to the greatest of $70,000 or 80% of its Colombian subsidiary’s net income during the calendar year 2000. During 2000, each of the payments was made in the amount of $70,000 and was generally paid in a timely manner. Beginning in January 2001, Mercantile began to pay monthly the greatest of $80,000 or 80% of the subsidiary’s net income until the debt is retired. In March 2001 we received notice from Mercantile that Ecopetrol, the Columbian government oil company that purchases the majority of Mercantile’s oil production in Columbia, was withholding payment of the proceeds from the purchase of Mercantile’s oil sales to Ecopetrol in Columbia, pending resolution of a legal dispute between Mercantile and another entity in Columbia. Mercantile originally informed us they expected the payments to resume upon resolution of this dispute in July 2001. In November 2001, Mercantile indicated they expected an imminent settlement of this dispute, which would allow them to release the accrued, unpaid portion of the amounts due through mid-November of $640,000. However, shortly thereafter, Mercantile was informed they had lost the dispute and were not able to release these funds in lump sum, but would need to begin paying again at $80,000 per month until all amounts due were fully paid.

In an effort to minimize our exposure to the potential future risks of receiving full payment of the debenture from Mercantile, we agreed to reduce the principal and interest balances due on the debenture of approximately $2.6 million to $1.5 million, if Mercantile would pay us $1.1 million immediately, $100,000 on or before March 15, 2002, and $300,000 on or before December 31, 2003. Mercantile agreed and paid the first two installments of $1.2 million during the first quarter this year. In the event the third payment is not made on or before the respective due date, the required payment will double. Interest accrues monthly on the $300,000 final payment at an 11.5% annual rate and is to be paid to us in cash each month beginning March 15, 2002.

In addition to reducing the principal and interest balances due, we also gave up any rights we had in connection to any net operating loss benefits which would accrue to Mercantile, which benefits, we believe, were not likely to accrue in any event. We utilized the proceeds primarily to service our asphalt contract backlog, which at December 31, 2001 was worth approximately $6 million. The unpaid portion of the debt is convertible into Mercantile common stock at our option, at any time, at $1.50 per share. Mercantile also agreed to issue warrants, upon the signing of the definitive agreement, entitling us to purchase an aggregate of 2,347,000 Mercantile common shares at any time prior to December 31, 2002. The exercise price of the warrants was $1.00 per share during 2001 and is $1.50 during 2002. These provisions of the debenture remain unchanged.

We continue to have discussions with potential partners regarding a farm out of some of our 100% working interest in License 1551 Shagyrly gas field in Kazakhstan. Any proceeds that may be derived from the possible sale or farm-out of a portion of our oil and gas concessions in Kazakhstan will be utilized to repay debt, fund the development of our License 1551 gas field, the minimum work program at our License 953, and for general corporate uses. The majority of the development funding for License 1551 is expected to be derived from project financing.

9



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In August 2000, our American International Petroleum Kazakhstan subsidiary sold an aggregate of $450,000 principal amount of its 12% promissory notes, payable upon demand, to certain of our officers and directors and to an individual investor. Each lender was given a warrant or option to purchase one share of our common stock for each dollar invested, with an exercise price of 105% of the closing market price of the common stock on the date preceding the closing of each transaction. We used these proceeds to initiate the preliminary reentry work at our Begesh oil well in License 953 in Kazakhstan, which reentry was completed in the first quarter of 2001 and resulted in no economically recoverable oil. As of March 31, 2002, we had an aggregate outstanding principal balance remaining on these notes of $100,000. The drilling effort at Begesh satisfied our minimum work and monetary obligations on License 953 in Kazakhstan through 2000. We received formal approval of our request for an extension of the exploration contract and the remaining $2.8 million minimum work program from the Kazakhstan Government for an additional year through November 2002, however, at this time, we plan to apply for a three year extension of the License and related minimum work program which would be directed at evaluating the gas potential in the eastern portion of the License near Shagyrly Shomyshty.

We have decided to delay the initial phase of development drilling at Shagyrly Shomyshty, estimated to cost approximately $3.8 million, until a gas sales contract is obtained to sell the related natural gas production. We continue to have discussions with potential purchasers and marketers regarding the purchase of our gas, however, political and organizational changes within Kazakhstan and Russia have resulted in substantial delays and uncertainty relative to our ability to consummate such a contract. We cannot assure that a gas contract will be signed or that we will be successful with the initial phase of the drilling program, both of which are prerequisites to the initiation of full field development 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.

In September 2000, we entered into a one-year processing agreement with Sargeant Bulktainers Inc., a division of Sargeant Marine, Inc., in which Sargeant agreed to process a minimum of 300,000 barrels of crude oil per month through our Lake Charles, Louisiana refinery’s atmospheric distillation unit. However, through July 2001 Sargeant had only processed an aggregate of approximately one-third of the total volumes of crude oil they agreed to process through our facility. Since both Sargeant and we desired early termination, by mutual agreement, the processing agreement and the related agreement to purchase Sargeant’s refined products were both terminated on July 31, 2001. The original term of these agreements was scheduled to end on September 21, 2001.

In July 2000, we entered into an annually renewable one-year joint venture with Sargeant to service our then-existing asphalt supply obligations and expand our asphalt business. The joint venture agreement provided for Sargeant to supply and finance the feedstocks required and Sargeant reimbursed us for the majority of our direct operating costs. Each party generally received 50% of the profits generated from the joint venture’s asphalt operations. The joint venture purchased asphaltic by-products produced from the processing agreement, mentioned above, and also purchased wholesale asphalt from third parties to utilize as feedstock for blending and polymer enhancement. It sold primarily higher-margin polymerized asphalt products, which asphalts approximated 61% of its asphalt sales.

We had various discussions with Sargeant in an attempt to negotiate an extension of the joint venture under more favorable terms. However, the parties could not agree on new terms and mutually agreed not to renew the joint venture beyond its original term of June 30, 2001. The parties also agreed that, except for approximately 3,600 tons, all deliveries of asphalt from the asphalt backlog existing on June 30, 2001 of 69,000 tons would be our responsibility to service and that we would bear the entire risk of profit and loss on these contracts. There remain some areas of disagreement with Sargeant related to the winding up of the Joint Venture and, consequently, the final accounting is not yet complete. Between July 1, 2000 and June 30, 2001, the Joint Venture sold approximately $8 million worth of asphalt at an estimated profit of approximately $1.3 million.

10



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We have operated our asphalt business on our own since June 30, 2001 and will continue to do so in the foreseeable future. However, this requires us to bear the entire risk of the resultant profit or loss and to purchase and self-finance our feedstock supplies, which may result in higher cost of goods sold than we experienced in the joint venture.

We have maintained our Lake Charles refinery in a state of readiness since the termination of the Sargeant processing agreement because we have been having discussions with a number of companies regarding the full utilization of the processing and asphalt facilities. However, in order to conserve cash, we have reduced our refining staff to a minimum pending a new processing agreement or the attainment of sufficient financing to support our own refining operations. We hope to have such agreements in place in the near future, however, at this time we cannot assure you that they will be consummated.

In order to provide additional working capital to supplement the cash flow derived from our asphalt operations, on December 19, 2001, we sold a one-year, $1.25 million principal amount, 14% note to GCA Strategic Investment Fund Limited, secured by a mortgage on our St. Marks, Florida refinery.

In addition, we reached an agreement with GCA to extend the outstanding aggregate principal balance of all our outstanding convertible debentures to GCA, totaling $8.6 million, due in full in April 2002, to February 1, 2007. This agreement enabled us to approach sources of capital to fund our operations without the immediate burden of having to repay these debentures in the near future.

We also recently sold an aggregate of $240,000 of 14% notes to our Chairman and Chief Executive Officer George Faris, which are payable upon demand. We believe the terms of the loans were as favorable to us as we could have obtained from an unaffiliated party. The proceeds were used primarily to service our asphalt contract backlog.

We have been in discussions with various financial entities regarding a line of credit to support our refining and asphalt businesses. We recently obtained a $1.8 million credit facility that will primarily be utilized to support our asphalt contract backlog. This facility is collateralized by and limited to the aggregate value of the accounts receivable and inventory of our asphalt subsidiary, American International Asphalt, Inc. However, this credit facility is not sufficient to support both our asphalt operations and our corporate cash requirements. Ideally, approximately $7 million would be required to support an aggressive asphalt operation during 2002, which would provide sufficient capital to support all of these cash requirements during the next year.

If we are successful in securing the necessary working capital, we plan to initiate an aggressive business plan to increase our asphalt sales volumes in 2002 over 2001, which could include a reopening of our St. Marks, Florida distribution facility. If we are unable to secure adequate financing to accomplish this goal, we may need to curtail our operations, which although profitable, probably would not be adequate to fully support all of our cash requirements next year.

We plan to utilize any proceeds we may receive from the sale, if any, of a portion of our Kazakhstan concessions to repay our outstanding convertible debt and/or to supplement any cash flow shortfall from our operations. If such a sale is not consummated or, if we are unable to secure contracts to fully utilize our refining and asphalt facilities, we will need to obtain additional financing or sell assets to adequately supplement any operating cash shortfall we may incur.

11



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Market Risk

We are exposed to various types of market risk in the normal course of business, including the impact of interest rate changes and foreign currency exchange rate fluctuations. We do not employ risk management strategies, such as derivatives or various interest rate and currency swaps, to mitigate these risks.

Foreign Exchange Risk

We are subject to risk from changes in foreign exchange rates for our international operations which use a foreign currency as their functional currency and are translated to U.S. dollars. We have not experienced any significant gains or losses from such events.

Interest Rate Risk

We are exposed to interest rate risk from our various financing activities. The following table provides information, by maturity date, about our interest rate sensitive financial instruments, which are fixed rate debt obligations. The fair value of financial instruments closely approximates the carrying values of the instruments.


2002 2007 Total
Recorded
Amount Fair
Value

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Debt:
Carrying Value $ 1,226,562 $ 13,277,609 $14,504,171 $14,504,171
Effective Interest Rate 11.3 % 27.5 %

A 10% increase in interest rates would decrease our cash flow by approximately $378,994 and would decrease the fair value of our debt instruments.

Recent Accounting Pronouncements – In June 2001, the Financial Accounting Standards Board (“FASB”) issued Statements of Financial Accounting Standards No. 141 “Business Combinations” (“SFAS 141”) and No. 142 “Goodwill and Other Intangible Assets” (“SFAS 142”). SFAS 141 requires all business combinations initiated after June 30, 2001 to be accounted for under the purchase method. For all business combinations for which the date of acquisition is after June 30, 2001, SFAS 141 also establishes specific criteria for the recognition of intangible assets separately from goodwill and requires unallocated negative goodwill to be written off immediately as extraordinary gain, rather than deferred and amortized. SFAS 142 changes the accounting for goodwill and other intangible assets after an acquisition. The most significant changes made by SFAS 142 are: 1) goodwill and intangible assets with indefinite lives will no longer be amortized; 2) goodwill and intangible assets with indefinite lives must be tested for impairment at least annually; and 3) the amortization period for intangible assets with finite lives will no longer be limited to forty years. We do not believe that the adoption of these statements had a material effect on our financial position, results of operation, or cash flows.

In June 2001, the FASB also approved for issuance SFAS 143 “Asset Retirement Obligations”. SFAS 143 establishes accounting requirements for retirement obligations associated with tangible long-lived assets, including: 1) the timing of the liability recognition, 2) initial measurement of the liability, 3) allocation of asset retirement cost to expense, 4) subsequent measurement of the liability and 5) financial statement disclosures. SFAS 143 requires that an asset retirement cost should be capitalized as part of the cost of the related long-lived asset and subsequently allocated to expense using a systematic and rational method. We will adopt the statement effective no later than January 1, 2003, as required. The transition adjustment resulting from the adoption of SFAS 143 will be reported as a cumulative effect of a change in accounting principle. At this time, we cannot reasonably estimate the effect of the adoption of this statement on our financial position, results of operations, or cash flows.

12



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In October 2001, the FASB also approved SFAS 144, Accounting for the Impairment or Disposal of Long-Lived Assets . SFAS 144 replaces SFAS 121, Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed Of . The new accounting model for long-lived assets to be disposed of by sale applies to all long-lived assets, including discontinued operations, and replaces the provisions of APB Opinion No. 30, Reporting Results of Operations - Reporting the Effects of Disposal of a Segment of a Business , for the Disposal of a Segment of a Business, for the disposal of segments of a business. Statement 144 requires that those long-lived assets be measured at the lower of carrying amount or fair value less cost to sell, whether reported in continuing operations or in discontinued operations. Therefore, discontinued operations will no longer be measured at net realizable value or include amounts for operating losses that have not yet occurred. Statement 144 also broadens the reporting of discontinued operations to include all components of an entity with operations that can be distinguished from the rest of the entity and that will be eliminated from the ongoing operations of the entity in a disposal transaction. The provisions of Statement 144 are effective for financial statements issued for fiscal years beginning after December 15, 2001.


ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

13



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PART II. OTHER INFORMATION

Item 2. Changes in Securities

During the three months ended March 31, 2002, we issued an aggregate of 10,620,536 shares of common stock to the GCA Strategic Investment Fund Ltd., pursuant to aggregate conversions of $685,000 of the outstanding principal balance of our 3% Secured Convertible Debentures and in payment of related interest totaling $15,955. The issuance of the shares of common stock upon conversion of these debentures was exempt from the registration requirements of the Securities Act under Section 3(a)(9) thereof.


Item 4. Submission of Matters to a Vote of Security Holders

None.

Item 6. Exhibits and Reports on Form 8-K

(a) Exhibits

None

(b) Reports on Form 8-K

None

14



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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


Dated: May 15, 2002 AMERICAN INTERNATIONAL
PETROLEUM CORPORATION


By: /s/ Denis J. Fitzpatrick
——————————————
Denis J. Fitzpatrick
Chief Financial Officer

15

[JosedelaVega]

Teton :
na - da gehen ja die letzten 3 handelstage schöne Blocktrades über die Bühne
eben wieder 140.000 Stück

josé

[JosedelaVega]

AIPN:
bezüglich der Öl-Vorkommen von AIPN in kasachstan - nochmals einige Infos aus einer anderen Hand erhalten : mindestens sichere 190 Mil. Barrel ÖL !!!!
Wenn hier erst mal produziert wird

josé

[JosedelaVega]

ACHTUNG :
bei AIPN - VORSICHT

derzeit scheiden sich hier die Geister. Der Kurssturz kommt nicht von irgendwo. Es entscheidet sich in diesem Quartal, was für einen Newsflow wir haben werden und was zum Abschluss gebracht wird.

Sollten die geplanten "Gas-Verträge" durchgehen und auch die Finanzierung auf die Beine kommen, dann boostet der Kurs durch die Decke.
Wenn nicht, dann bekommen diejenigen, welche über dunkle Machenschaften wissen wollen erneut Nährstoff.

die chancen stehen 50 / 50

positiv stimmt mich, dass das management selbst aktien kauft und dass im letzten Jahr bereits ein eindeutiger Turnaround zu sehen war.




hier etwas das ich übersehen hab - sorry - somit ist das Potential auf womögliche ÖlVorkommen geringer als erwartet - doch allemal noch enorm !

The Company has completed its evaluation of License 953 and has concluded that the western portion of the block does not have commercial recoverable oil potential. The remaining exploration efforts will be focused on the eastern portion of the block. As a result, the Company recorded an impairment to the net total costs recorded for this license of $10.7 million for the year ended 2001.

somit auch offiziell !


josé

[JosedelaVega]

zu Teton :

aktuell produziert Teton monatlich netto 37.500 Barrel - sind 450.000 aufs Jahr hochgerechnet !!!

Bis ende diesen Jahres sollen es 1.000.000 Barrel sein ! D.h. von 450T aktuell auf 1 Mil. in weniger als 7 Monaten.

Da steht noch einiges an.



Es wäre schön, wenn ich hier nicht Alleinunterhalter spielen muss sondern es ein nehmen und GEBEN ist - wie es in einem Board sein sollte.

josé

[JosedelaVega]

wer haut von euch die genauen Infos, auf wieviel Prozent der Anteil von Teton an Goloil ab 2007 angehoben wird ?

josé

[JosedelaVega]

schön dass ihr alle so aktiv euch hier beteiligt



TETON PETROLEUM, Notiz Ffm. WKN 765 756, Nasdaq Symbol TTPT

Das amerikanische Öl und Gas- Unternehmen erhöht im Geschäftsjahr 2001 seine bestätigten Reserven von 8.5 Mio. Barrels auf 41.96 Mio. Barrels.

Teton ist nur mit 0,36 USD pro Fass ÖL bewertet – vergleichbare russische Unternehmen sind mit 1,2 USD pro Fass Öl bewertet und internationale Unternehmen sogar mit 10,1 USD pro Fass.
Produktion in den letzten 12 Monaten mehr als vervierfacht.
Produktionskosten per Fass unter 2 USD, Netto-Erlös pro Fass über 10 USD. Top Management; bei aktueller Kursschwäche nach Anteilsverkauf eines illiquiden Teilhabers mit stark überproportionalen Perspektiven.
Seit Januar mehr als 100% Kurssteigerung.
Kursziel auf sechs Monate 1,0 USD.


josé

[JosedelaVega]

so adair hat endlich den termin für das shareholer-meeting bekanntgegeben.

der kurs ist nun bei 0,011 Dollar angekommen !!!

hier die Info von Mr. Adair

From:
John W. Adair
To:
ADAIR INTERNATIONAL OIL & GAS, INC. SHAREHOLDERS
Date:
May 21, 2002
Subject:
Chairman`s Update

Dear Shareholders,

Pursuant to the subject of this letter, I respectfully submit to you the following:

1.The shareholder meeting is tentatively set to be held on July 15, 2002 in Houston,
Texas. The exact time and location will be forthcoming in the near future.

2.Mr. Jalal Alghani is currently in the Middle East pursuing the interest of the company
related to the co-generation sugar refinery to be located in Aden Free Zone. In addition,
as we all know ADAIR/OCCIDENTAL are in Arbitration over the Exploration Block 20
in Yemen and I feel very comfortable with our legal position and the representation that
we receive from the firm of White & Case.

3.ADAIR/CALPINE with consultants had its bi-weekly conference call yesterday relating
to the 600 MW project in Southern California and the project is moving forward as per
previous communications from CALPINE that is public knowledge.

4.The SCORE Group/Boyce continues to attack and damage the company through their
allegations while they pursue their proxy fight. We will prevail in this proxy fight, repair
the damage they have done and move forward in building this company as planned. WE
WILL NOT FAIL! I appreciate your encouraging emails and although there is not
enough time to answer all of them, you can rest assured that ADAIR is working very
diligently to bring our current projects and others to completion.


Very Respectfully,

John W. Adair


---------

gebt nicht viel den aktuellen Kursen - mit lediglich 3000 Dollar ging es heute um 20 % runter !!!



josé

[habkeingeld]

so mein kursziel bei NLG von 1C$ rückt näher


Tuesday May 21, 8:51 am Eastern Time

Press Release
SOURCE: Nelson Resources Ltd.
via BCE Emergis e-News Services

Nelson Resources Limited Announces Operating Results For The Year Ended
December 31, 2001; Significant Kazakhstan Oil and Gas Development During
2001

Toronto, Ontario

Nelson Resources Limited (TSX: NLG - News) today reported a net loss of $11,593,000 ($0.03 per share) for the year ended December 31, 2001 compared with
a net loss of $16,519,000 ($0.09 per share) for 2000. Revenues for the year 2001 were $360,000 compared with $93,000 for 2000. (All dollar amounts are
expressed in U.S. currency.)

Nelson noted that 2001 represented an important step forward for the Company as it began development of its large oil and gas fields in Northwest Kazakhstan.
The key event was the establishment by 50%-owned Kazakhoil Aktobe of the Pilot Production Project, which will augment existing data to design a modern
full-field development plan. Among the highlights of the project for the year were the following:


* Completed a 3-D seismic survey
* Worked over two existing Alibekmola wells
* Completed drilling of one production well and began a second
production well

Subsequent to year-end, Nelson signed an off-take agreement for crude oil exports, secured an agreement for direct export pipeline access and acquired an option
for a 25% participatory interest in two large Caspian Sea exploration blocks.

"It has been an extremely important and productive year for Nelson as we began the development phase of the Alibekmola field," said Nick Zana, CEO and
Chairman of the Company. "We took significant steps toward our goal of transforming Nelson into a major hydrocarbon producer in Kazakhstan."

He pointed out that the 2001 and 2000 revenue and net loss figures (reported above and in the accompanying table) reflect the fact that Nelson`s gold mining
division, Zeravshan Gold Company, has been deemed a non-core asset and is slated for disposition. Financial operating results for the gold unit were, therefore, not
included in revenues.

"The gold division in Tajikistan is now the subject of negotiations between Nelson and a potential buyer," Mr. Zana said. We have also dropped our option on the
Tenge field in order to focus efforts on the much bigger fields of Alibekmola, Kozhasai and our option to acquire a 25% participatory interest in the North Caspian
Sea exploration blocks, Mr. Zana said.

The pilot project initiated last year will ultimately entail the drilling of two workover wells and six appraisal wells, in addition to construction of a
10,000-barrel-per-day processing facility.

The following table summarizes the year-end results for 2000 and 2001:

2001 2000
---- ----
Revenue $ 360,000 $93,000
Net Loss (continuing operations) ($9,147,000) ($2,368,000)
Net Loss (discontinued operations) ($2,446,000) ($14,403,000)
Net loss ($11,593,000) ($16,519,000)
EPS - basic loss ($0.03) ($0.09)

Nelson Resources holds a 50% interest in Kazakhoil Aktobe, which is developing the Alibekmola and Kozhasai oil and gas fields. The fields have an estimated
recoverable reserve of approximately 550 million barrels of crude oil and 690 billion cubic feet of natural gas.

In addition, Nelson acquired an option from National Oil and Gas Company, Kazmunaigas (formerly Kazakhoil), to acquire a 25% participatory interest in Zhambai
LLP, which holds a license for the exploration and production of hydrocarbons at the Caspian offshore blocks South Zhambai and South Zaburunye in Atyrau
Oblast of Kazakhstan. The South Zhambai and South Zaburunye structures are located in the North Caspian Sea close to the Volga River delta.

Kazakhstan is the Caspian Region`s major oil and gas producer with a forecast production level in 2002 of 220 million barrels.

Nelson Resources Limited is listed on the Toronto Stock Exchange under the symbol "NLG."

If you prefer to receive press releases by email, please contact Olav Svela [e-mail]. You are also invited to visit the Nelson website:
www.nelsonresources.com.





Ps.haben wir schon mal über Transmeridian TMXN gesprochen?







TRANSMERIDIAN EXPLORATION INC - Form: 10KSB/A Filing Date: 5/17/2002

http://www.freeedgar.com/

Operation Plan

Commencement of Initial Drilling Activities

The investment program for the next three years, will include the drilling and completion of 10 wells and the installation of
production facilities and pipeline at a cost of approximately $40,000,000. The development of these wells should prove up
additional reserves according to the independent petroleum engineering report from the Ryder Scott. The successful
delineation of the existing field could prove up total reserves up to 350-450 million barrels. The first three-well program
will be initiated with the drilling of the first well in the 3rd Quarter 2002. Two additional wells will immediately follow with
the second completed in the 4th quarter and the third well completed in the 1st quarter of 2003. The total cost of drilling
and testing is estimated at $9,600,000 and the construction of a sales trunk-line to the railroad terminal, construction
planned for 2002 at an estimated cost of about $2,000,000. We estimate that each well should cost about $3 million
dollars to drill and complete and about $400,000 to test and evaluate. Each well should produce test crude which should
generate about $0.4 million per month in gross revenue under the existing railroad sales program which would provide
about $10-$11 per barrel net-back to the wellhead to cover operating and testing costs. This program will be initiated by
the funds from the bank financing but the majority of the development capital will come from the excess internally
generated cash flow from our drilling program and or advance crude sales based on these production levels. Each
commercial well drilled will add to this revenue base. We currently estimate that 44 completed wells will be required in the
first phase of the field development program.

Most sales from our area of operation are based on the European marker North Sea Brent Crude. Initial transportation
costs are higher due to the limited amounts of production and the need to truck the produced crude about 35 miles to
the nearest railroad sales terminal. Economies of scale will be realized when production increases and transportation
costs can be reduced with installation of pipelines to export or sales points.

To facilitate a continuous low cost drilling program, on December 28th, 2001 the company purchased a Land Drilling Rig
named Rig 232 — type National 1320UE, from Seaboard Equipment Company, Inc., for a total consideration of $5,300,000
to be paid in cash and the Company’s common stock. The Company will use this rig to start its 2002 drilling program. The
rig was constructed in the middle 80’s by Western Companies and was refurbished in 1998. The equipment will be
operated by Dingo Drilling International Ltd.

Improvement of Production Facilities

Production facilities for test production of up to 5,000 barrels of oil per day, and field production of up to 30,000 barrels
per day have been conceptually designed and construction will be ordered in the second quarter of 2002.. All tankage,
piping and construction should be provided by local construction firms which specialize in installing petroleum processing
facilities. We estimate that approximately $4.0 million will be required for the installation of permanent production facilities
to process production of 30,000 BOPD.

The gas produced in association with the oil production will be separated, treated and utilized in providing fuel for
operations with the balance initially being flared during the testing phase then later re-injected until sales to local
markets can be arranged.

12
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Staffing

At the present time, we have a start-up staff of about 25 professionals between the Houston and Kazakhstan field
offices. The drilling program will require a team of at least six engineers to be employed from the Houston office. Two
drilling engineers will supervise the drilling work in Kazakhstan for 30 days and then be relieved by two other engineers
from the Houston office for 30 days. Two expatriate production engineers will also rotate on a 30 days on and off basis
to supervise the crude oil production. Each of these professionals will require approximately four Kazakhstan field
assistances for fieldwork and language translation, or 12 in country employees. This increase in activity and payroll will
require administrative support, geologist, engineers, accountants, interpreters and drivers both at the Almaty office as
well as at the Aktobe office. With the addition of the pipeline and terminal construction and expanded development field
operations we expect to increase the number of employees in about 4 years to approximately 100 employees in
Kazakhstan and 15 in the Houston office.

Future Operations

Our focus is to rapidly develop our property in Kazakhstan and, once a stable production and sales stream is achieved,
our attention will be directed to the acquisition and development of additional properties that have:

• low entry cost as measured on a dollar per barrel for proved and potential reserves;
• ready access to infrastructure allowing for production within a short time period without significant capital
commitments;
• ready access to local and export markets without the need for immediate investment in pipeline construction projects;
and
• projects where we can control operations and ownership.
Operationally, we expect to finish the year 2002 in the South Alibek Field with a substantial increase in daily production
from test production in the field. Two wells on test production could have the capability of providing 4,000 to 6,000
barrels per day. The company plans to continue its delineation drilling program adding a well on the average every 90
days. A pipeline is planned by the government which will transport about 300,000 barrels per day from the region to the
Aktau refinery and sales pipeline network. The combination of the Emba Terminal and the proposed new pipeline provide
adequate insurance that there will be a ready transport route to deliver the field’s production in the local and export
markets.

We plan to continue with our reserve-purchasing program that will include at least one additional field acquisition in the
region, which can all be managed from one core administration and operational team, in each of the next two years.

RESERVES

As of December 31, 2001, our estimated net proved reserves in the South Alibek field is 17.645 million barrels of oil based
on our 90% interest in the property and net of government royalty. These reserves only include the reserves estimated
to be recoverable within 240 acres from well No. 29 and two 80 acre offset units (wells). Provedreserves increased in
2001 because of increasing the net interest in the property from 84.5% to 90% with the acquisition on January 1, 2001
of the 4.5% interest held by Tracer Petroleum. Proved reserves are the estimated quantities which geological and
engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under
existing economic and operating conditions. The reserve disclosure is based upon a reserve study of the South Alibek
Field conducted by Ryder Scott Company, (Ryder Scott) a US independent engineering company utilizing data available
prior to December 31, 2001. Extensive geologic and engineering information was obtained over the South Alibek Field and
license area, and the adjacent Alibekmola, currently under development and the nearby developed Zhanazhol Field, both
analogous to South Alibek. This data serves as the basis of the technical evaluation and conclusions made by Ryder
Scott.

[kazman]

@Jose

zu Adair

bin auf Totalverlust eingestellt.

Letztendlich ist die alles entscheidende Frage, mit welchen rechtlichen Konstrukt es weiter geht.
Substanz scheint mir bei Adair allemal vorhanden.

Also wieder mal die Wette Sekt oder Selters.

Irgendwie scheint es mir ratsam uns bei denen mal bemerkbar zu machen, so nach dem Motto "Big Brother is watching you" ;-)

was meinst Du ?

[habkeingeld]

noch was zu TMXN.

kennt jemand diese GmbH ? C.M.Nagel in Frankfurt





Transmeridian Exploration Inc. Announces Investor Group Meeting; Increases Reserve Estimates

21 May 2002, 10:01am ET
- - - - -
HOUSTON--(BUSINESS WIRE)--May 21, 2002--Transmeridian Exploration Inc. (OTCBB:TMXN) announced today that the
company`s President & CEO, Lorrie Olivier, will address an investment conference in Frankfurt Germany on May 22, 2002.
The conference is offered to investors with interest in new technology and natural resource companies. The one-day
conference is being sponsored by C.M. Nagel GmbH of Frankfurt Germany. Mr. Olivier will provide the group with insights
on the company`s operations in Kazakhstan as well as the development of new ventures in the CIS Region. The company
has operated in Kazakhstan for the last two years and is beginning its start-up drilling program for the South Alibek Field
in July.

Transmeridian`s engineering estimates of potential reserves have been increased by the company to more than 300 million
barrels for the full field development due to the recent expansion of the company`s license area. The company has also
acquired interest in a nearby railroad terminal to allow for access to the local and export crude oil markets. In addition,
the company has been contacted by the KazTransOil pipeline group for an allotment to its new Kenkyiak - Atyrau pipeline
that is scheduled for completion in late 2003.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities and
Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are
intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements
involve risks and uncertainties. Although Transmeridian Exploration Inc. believes that the assumptions underlying the
forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there
can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light
of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be
regarded as a representation by Transmeridian or any other person that the objective and plans of Transmeridian will be
achieved.

CONTACT: Transmeridian Exploration Inc.

Michael Della Donna, 941/504-4938

[kazman]

...

Ich habe die Umsätze in den letzten Wochen beobachtet.
Es scheint mir, daß SCORE hier auch nicht ganz mit fairen Mitteln kämpft
Du kennst Dich da vielleicht besser aus.
Inwieweit ist es möglich den Kurs mit Shorten derartig an die Wand zu drücken ?

[JosedelaVega]

@ kazman

hab meine ersten Fühler bereits zu score ausgerichtet ! die antworten kommen meist schnell und ohne großes klimbim.

deinen Vorschlag bezüglich, dass wir uns bemerkbar machen halte ich für sehr gut - leider war es mir bisher nicht möglich herr adair einmal pers. zu sprechen. Der Anrufbeantworter ist nervig.

Vielleicht wäre es sinnvoller uns bei SCORE einen "Namen" zu schaffen. Zusammen bringen wir es inzwischen bestimmt auf so einige shares



@ habkeingeld

werde dir heut abend oder morgen die Antwort geben können
TMXN ist seeehhhr interessant




an euch beide :

schaut euch mal Hydromet in Kanada an da könnte die nächsten Wochen Bewegung in den Kurs kommen !!!!!!
( erste Pos. aufbauen )



José

[kazman]

@jose

geb mal ein paar Infos zu Hydromet
...und TMXN

ich habe SCORE vor einigen Wochen gemailt.
Auch bei mir kam Antwort prompt

Haben die Dir das Gleiche gemailt ?

---
Mark,

We believe that we have an excellent chance to
win the shareholder vote and to install our new
board of directors and business plan as discussed
on the website.

We are working with the SEC to gain their
approval to mail our proxy materials to all
shareholders in May. We are targeting to hold
the annual meeting of the shareholders in June to
vote the proxies in favor of the SCORE Nominees
for the board of directors.

When you get your proxy materials, you will need
to instruct your broker to vote your shares in
support of the SCORE nominees.

Now that we have your address, we will be sure
you get the proxy statement and ballot.

We are committed to winning this battle and we
appreciate your support and your votes. Please
inform any other shareholders that you know of
this proxy battle and give them our website
address www.TruthAboutAIGI.com
---

[habkeingeld]

hi kazman
schau dir das an,

http://www.tmei.com/FORM%2010-KSB-A.htm

habkeingeld

[JosedelaVega]

danke habkeingeld

@kazman

auf der seite tmei.com findest du eigentlich alle infos die du benötigst.

in Kürze wird auch in D. der Handel aufgenommen

josé

[JosedelaVega]

wpkn von TMXN ist 542146

prov. Res. bisher noch bei 17 Mil. Barrel !!!
Dies dürfte sich in Kürze deutlich zum pos. ändern - Ende dieser Woche wird ein neuer Report erstellt.

prov. Reserves von deutlich über 100 Mil. Barrel sind zu erwarten



josé

[habkeingeld]

HI Jose

hast du da die alten zahlen von der start seite genommen?
oder verstehe ich da was falsch?





habkeingeld

[JosedelaVega]

derzeit stehen in den Büchern 17 Mil. proved ! ( SEC )
diese Zahlen meinte ich

Dass wir in South Alibek mehr als 17 Mil. Barrel haben weis inzwischen jeder TMEI Shareholer !

wichtig nur - die Barrelchen müssen proved sein - und genau dies erwarte ich in kürze



josé

[JosedelaVega]

@habkeingeld

seit wann bist du bei TMEI dabei ?
welchen Durchschnitt hast du ?

ebenfalls positiv gestimmt ?


josé

[habkeingeld]

@jose

bei TMEI bin ich erst kurze zeit, versuche gerade noch welche zu 0,50$
zu bekommen erhöt dann meine durchschnitt auf 0,45$,ist mir aber egal
lasse sie mal 2 jahre werkeln und dann mal sehen...

habkeingeld

Ps.schreibst du im Ragingbull unter warrenbuffetjunjor?

[kazman]

@Jose

Du weisst ja ohnehin, daß ich auf Deiner Linie bin
Aber blind folgen werde ich Dir noch nicht ;-)
Nach allem aber, was ich sonst so lese scheint mir eine weitere Explosion der Ölwerte in Mittelasien am Plausibelsten zu sein.

Gold/Silber - klar wird es hier noch ein bischen nach oben gehen - aber letzendlich ist das Alles eine riesen Blase ! .. Was soll man damit ??? - Wenn Sorros anfängt seine Gewinne zu realisieren kracht der ganze Schrott in sich zusammen.

Also .. ich denke mal, daß dieser Thread hier die logische Fortsetzung von Hurricane ist


btw: Du scheinst gut informiert zu sein - handelst Du professionell ?

[JosedelaVega]

um etwas Streuung ins Depot zu bekommen
schau dir Hydromet an

hier die HP - hydromet.ca
werden am Kanadischen VentureCap.Markt gehandelt - du bekommst sie zu 0,05 Can Dollar akt. Kurs - hinzu kommmt eine Gebühr von 0,01 Cent je Aktie ( Venture Gebühr ) also für 0,06 Can Cent !!


ob ich professionell handle - hm... leider mach auch ich immer wieder mal Fehler - doch ich versuch jeden Fehler nur einmal zu machen.
Da ich schon eine ganze Menge Fehler die letzten Jahre gemacht hab, kann ich hoffentlich von mir sagen, dass ich inzwischen professionell(er) handel.


-Transmeridian wieder hoch auf 0,57 US Dollar
-bei Teton gibts heute keine Umsätze



josé

[JosedelaVega]

@ kazman

bei Gold bin ich gleicher Meinung
die Schürfer sind inzwischen durch die Bank schweineteuer - bis auf EIN vergessenes Unternehmen - GRNL.AU ( heute wieder + 9 % - Einsammeln )


josé

[JosedelaVega]

sorry - das Kürzel meines GOLD Lieblings ist nat. GRR.AX

hier auch das Kürzel von Hydro :
YHMa.V

josé

[kazman]

GRR

liegt bei mir schon seit einigen Monaten im Depot ;-)

Aber die Ausis scheinen irgendwie besseres zu tun zu haben, als mit Aktien herumzuzocken.

[JosedelaVega]

mal wieder was schönes von meinen Hydro



Friday May 24, 11:00 am Eastern Time
Press Release
SOURCE: Hydromet Environmental Recovery Ltd.

Hydromet Environmental Recovery Ltd. Announces Completion Of Agreement With Goldschmidt Industrial Chemicals Corporation
HAMILTON, ONTARIO--HYDROMET ENVIRONMENTAL RECOVERY LTD. ("Company") (TSX Venture Exchange: YHM.A) wishes to announce that it has signed a Manufacturing and Technology Sharing Agreement with Goldschmidt Industrial Chemicals Corporation (Goldschmidt) of Pittsburgh, Pennsylvania. Goldschmidt is the major tin chemical producer in the world and is a subsidiary of the New Degussa GmbH with annual sales of approximately $16 billion US with wide international interests in the chemical and metals industry.

This partnership will bring major advantages to Hydromet; to acquire high value metal wastes, to expand its sales of tin chemical products and share technology with Goldschmidt. Hydromet will nominate a senior Vice President of Goldschmidt, Mr. Charles Zimmerman to its Board of Directors.

Dr. Morgan, the Chairman of Hydromet stated, "I was pleased with the agreement with such a long established prestigious company as Goldschmidt."

About Hydromet: Hydromet owns a 66,000 sq. ft. metallurgical waste recycling facility in Newman, Illinois and a lease on a former smelter site in Baha California, Mexico.

The Company currently has 176,783,709 shares issued.

[JosedelaVega]

somit ist degussa nun endlich offiziell mit an bord

http://www.goldschmidt.com


josé

[JosedelaVega]

um wieder zum Öl zurückzufinden

unsere Russen kaufen jetzt mit "CASH" in den USA sich die techn. Qualität

Russian company buys U.S. offshore rig designer amid Bush-Putin summit
5/24/2002
May 24, 2002 (AP WorldStream via COMTEX) -- MOSCOW (Dow Jones/AP) - Russia`s largest mechanical engineering company announced Friday it had bought U.S. offshore rig designer Friede Goldman, giving the Russian company a substantial advantage as drilling in the Caspian Sea picks up speed.

It was one of the rare cases of a Russian company buying out an American one, and was seen the latest boost to Russia`s industry after a decade of decline. It also came as U.S. President George W. Bush and Russian President Vladimir Putin met for a key summit in the Kremlin.

Russia`s United Heavy Machinery bought the U.S. company, a subsidiary of Gulfport, Mississippi-based Friede Goldman Halter Inc., for dlrs 15 million Thursday. The acquisition became possible after a U.S. court found Friede Goldman Halter bankrupt and forced it to sell its subsidiaries.

The purchase makes UHM the only Russian company with expertise in offshore rig construction, which will become increasingly important as drilling activity in the Caspian Sea increases. The Caspian region is believed to hold the world`s third-largest oil reserves after the Middle East and Siberia.

Bush and Putin, in their talks Friday, discussed boosting U.S. imports of Russian oil and U.S. investment in Russia`s energy industry.

UHM president Kaha Bendukidze said the acquisition would be funded from cash reserves.

"Our aim is to increase our market share internationally as well as in Russia, but first and foremost in the Caspian," he told reporters. "We are in talks to make some other big acquisitions in the near future, not necessarily in Russia."

Copyright 2002 Associated Press, All rights reserved




allen noch einen gesegneten Sontag

josé

[JosedelaVega]

wichtiges zu TETON :

bereits von Anfang an bin ich mit der Struktur bei Teton nicht sehr zufrieden. ( Goloil, ... )

leider konnte ich den letzten Tagen nicht die von mir erwarteten Stellungnahmen vom Unternehmen erhalten.

auch macht es sehr stutzig, auf welche Art und Weise die Shares derzeit überall "angepriesen" werden !!!! Vorsicht !


Auch werden derzeit derartig viele Shares auf den Markt geworfen !!! Allein in den USA ist die 0,50er Marke mit großen Voluminas zugepflastert !!

also ich hab mein inzwischen zu großen Pos. die letzten Tage und abschließend zu 0,53 in FSE eben abgebaut !
( Kaufkurs 0,24 - 0,26 und 0,48 !! )



anbei einige interessante Ausführungen :






!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Was mich ein wenig stört ist die Beteiligung der Teton an der Goltech "GmbH", Texas. Sie halten 50% und die anderen 50% werden vn einer auf Zypern ansässigen Gesellschaft namens Petromed Oil Limited gehalten. Im Streitfall ist im Gesellschaftsvertrag geregelt, dass die Stimme von Petromed den Ausschlag gibt. Kennt einer von Euch die Leute, die hinter Petromed stecken - sind es die gleichen, wie die Gründer der Teton, die hier sozusagen nochmal ihren Privatanteil geparkt haben. Ich frage, weil die Teton ja kräftig Geld in Goltech reinpumpt und eigentlich sichergestellt sein muß, dass die Petromed genauso viel Kohle reinpumpt. Da die Geschäftsbesorgung auch durch die Petromed erfolgt, sehe ich das schon ein wenig kritisch...


also mir kommt das nach näherer Betrachtung alles sehr merkwürdig vor. Ich habe mich schon mit einigen dieser Kleinst-Ins. aus USA beschäftigt und selten werden da ehrbare Ziele verfolgt. Die ganze Unternehemsnkonstruktion von Teton deutet m.E. auch auf nichts Gutes hin. Es ist für mich überhaupt nicht nachvollziehbar, wieso Teton die eigentliche Investition aus der Inc ausgliedert und in eine texanische GmbH packt. Texas riecht natürlich eher nach Öl als Colorado, aber dadurch wird eine Investiiton in Teton sehr undurchsichtig. Die Goltech ist praktisch nicht kontrollierbar für Teton aktionäre und die leitung dieser GmbH wird auch noch durch die in Zypern ansässige Petromed geleistet, von der man nun gar nichts weiß und offensichtlich ja auch nicht wissen soll. Ein beliebter Trick ist immer ein Parallelinvestment in eine solche schwer zugängliche Gesellschaft zu packen, sich dort die Kontrolle zu sichern und dafür aufs Geldeinzahlen zu verzichten. Wer garantiert denn den Teton Aktionären, dass Invesments in gleicher Weise auch von der Petromed eingezahlt werden, um bei der Goloil Investiionen zu finanzieren. Die Regelung mit der Gewinn-/Verlustverteilung zuungunsten der Teton könnte man zwar gerade noch verkraften, aber der Umstand, dass Cooper seine Frau für 6.500 US $ als Tippse bei Teton unterbringt macht mich zusätzlich mißtrauisch und sein Gehalt halte ich für ein Start-Up mit 13.333 US $ mtl auch zu hoch, gerade weil er sich ja günstigst mit Aktien eindecken konnte.

Die Teton hat also keine Funktion ußer da zu sein und Pusher-Emails in die Welt zu schicken. IR wird extern gemacht, die GF für die einzige Beteiligung wird extern erledigt und die Förderung besorgt mit der MOT ebenfalls eine externe Gesellschaft.

Da würde ich lieber direkt in Russland investieren - da mögen die Sickerverluste vielleicht auch groß sein, aber hier sind sie es bestimmt.



-------------

Herr Heinz scheint ja eine umtriebige Figur zu sein. Er wird als Repräsentant der Teton in Deutschland, Schweiz Österreich geführt, er ist Direktor bei Eurogas und schreibt Unternehmensanalysen, wie offensichtlich die folgende:


[Quelle, Wallstreet Board]

Finanzanalyst Rudolf Heinz – Mai 2002


TETON PETROLEUM COMPANY

Nasdaq: OTC-BB Symbol TTPT FRA: Sybol TP9 WKN: 765 756

Sehr geehrter Interessent, sehr geehrter Anleger,
seit Januar empfehlen wir die Firma Teton Petroleum, die seither eine in diesem Börsenumfeld beeindruckende Performance aufweisen konnte. Die Kursentwicklung können Sie auf dem folgenden Chart nachvollziehen

Wie wir in dem letzten Update aufgeführt haben, ist Teton aufgrund seiner von dritter Seite nachgewiesenen Reserven fundamental deutlichst unterbewertet.

Internationale Unternehmen 10,1 USD pro Fass
Unternehmen aus Schwellenländern 5,4 USD pro Fass
Russische Unternehmen 1,2 USD pro Fass
Teton 0,36 USD pro Fass


Russische Ölfirmen konnten in den vergangen Monaten ebenfalls enorme Kursgewinne verbuchen, der Grund: Öl aus Russland wird nicht mehr als risikoreich, sondern als willkommene Alternative zur der Abhängigkeit vom Nahen Osten angesehen. Das fundamentale Potential von Teton liegt aber nicht nur in seinen Ölreserven, sondern darüber hinaus in der Produktionsausweitung. Seit 2001 wurde die Anzahl der Fördertürme schrittweise erhöht und die tägliche Goloil-Fördermenge auf 1152 Fass gesteigert (288 Fass anteilig für Teton). Zum heutigen Tag ist Teton seinen Planungen bereits weit voraus, die tägliche Förderung erreicht aktuell 4500 Fass, wovon Teton 25%, also 1125 Fass zustehen.

Bei der Betrachtung der Cash Flow Situation ist festzustellen, dass Teton durch die Produktionssteigerungen in eine signifikante Unterbewertung hineinläuft. Die Ölförderung in den ehemaligen GUS Staaten ist sehr preiswert, deswegen würde Teton ein niedriger Ölpreis nicht beunruhigen. Sogar bei $13 pro Fass wäre Teton noch profitabel. Bei diesem Preis müssten viele andere Ölfirmen die Arbeit einstellen. Der derzeitige Ölpreis von 26 USD beschert Teton durch seine 70%ige Exportquote einen enormen Gewinn und trägt zu einer Cash Flow Neubewertung bei.
Folgendes Szenario verdeutlicht die massive Unterbewertung der Aktie: Würde Teton bei einem konstanten Ölpreis keine Investitionen in Neuerschliessung tätigen, so läge das aktuelle KGV bei 4. Der Geschäftsplan sieht aber eine deutliche Erhöhung der Bohrlöcher vor, so dass die Produktion und die sich daraus ergebene Cash Flow Bewertung einen mehrfachen Aktienkursspielraum eröffnet.

Mit dazu bei trägt die Entscheidung der russischen Regierung die Ölexportsteuer von 2,6 USD auf 1,1 USD zu senken. Unseres Erachtens wird der Ölpreis auf längere Zeit in den aktuellen Regionen bleiben, sollte die Wirtschaft anziehen, wird der Preis aufgrund der erhöhten Nachfrage sogar noch steigen.

Mittlerweile liegen uns auch Zahlen über die wahrscheinliche Grösse des Goloil-Ölfeldes, bzw. des zu Teton gehörenden Anteils vor. Nach den unabhängigen Schätzwerten des bekannten US-Spezialisten Gustavson kommen zu den sicheren 41,96 Mio Fass noch einmal 45,41 Mio Fass wahrscheinliche Reserven hinzu. Die maximale Gesamtgrösse muss das jedoch noch nicht sein. Darüber hinaus liegen nach Schätzungen des amerikanischen Analysten Chuck Strain die möglichen Reserven bei 56,86 Mio Fass. Insgesamt würde Teton dann über 144,23 Mio Fass Öl verfügen. Aufbauend auf diesen Zahlen wird der Wert der Ölreserven auf 3,86 USD pro Aktie ermittelt, der Aktienkurs liegt aktuell bei 0,50 USD.

Gewinnschätzung In der Analyse von Mr. Strain (Torch Report – In Auszügen bei uns abrufbar) wird die Entwicklung von Teton bis zum Jahre 2006 geschätzt. Dabei wurde der zugrunde liegende Export-Ölpreis auf 18 US-Dollar festgesetzt. Der Gewinn beträgt weniger als 6 Dollar pro Fass, bei dem aktuellen Ölpreis von 26 Dollar steigt der Gewinn jedoch auf mehr als das Doppelte. Die Schätzung ist daher sehr konservativ, hinsichtlich des Gewinns für dieses Jahr sind wir aber noch zurückhaltender, da Kosten für die weitere Erschliessung in diesem Jahr keinen Gewinn zulassen werden. Die folgende Schätzung läuft nur bis 2006, weil sich der 25%ige Anteil Tetons an der Gesamtförderung ab dem Jahr 2007 deutlich erhöhen wird.

In Mio (USD) 2001 2002E 2003E 2004E 2005E 2006E
Einnahmen 1,63 4,97 7,72 13,39 27,60 37,70
Cash Flow -1,70 0,98 2,49 4,71 12,89 19,05
Cash Flow/Aktie -0,06 0,03 0,06 0,12 0,32 0,48
Gewinn -1,66 0,71 2,11 4,08 12,01 17,97
Gewinn/Aktie -0,06 0,02 0,05 0,10 0,30 0,45
Anzahl Aktien 26,93 35 40 40 40 40


Fazit: Teton ist drastisch unterbewertet, hieraus ergibt sich ein enormes Kurspotential. Rohstoffaktien erfreuen sich derzeit an der Börse wachsender Beliebtheit, zunächst wird in Blue Chips investiert und anschliessend in kleinere Firmen wie Teton. Durch die hohe Volatilität empfiehlt es sich umgehend Positionen aufzubauen bzw. zu verstärken.

Wir empfehlen die Aktie mit einem kurzfristigen Kursziel von 1 USD.


--------------------

Nun ist ja jese "Studie" zum russischen Nebenwertesektor grundsätzlich willkommen. Wenn allerdings Gerüchten zufolge Eurogar eine recht große beteiligung an Teton über die Börse abbaut, dann hat es schon ein Geschmäckle, wenn ein Direktor von Eurogas eine euphorische Kaufempfehlung herausgibt...

Hier besteht dringender Aufklärungsbedarf. Da ich davon ausgehe, dass Herr "planet interkom" Rudolf hier im Board auch aktiv ist, kann er ja vielleicht direkt etwas dazu schreiben...




!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!





josé

[tgfn]

hi jose`

zwecks zupflastern bei 0,5US$

es wird zwar nicht exakt beschrieben, aber ich versteh das so, daß das barrier-warrants sind, d.h., sobald die in-the-money sind, können die gewandelt werden. liegt der kurs von teton über 0.5$, wird gewandelt, und die jungs bekommen für einen 0.25$ warrant eine 0.5$aktie. bin übrigends nicht der übermäßige warrant-experte und lasse mich gern eines besseren belehren.

aus der 10-ksb:

Note 13 - Subsequent Events

Private Placement of Convertible Debentures

During the first quarter of 2002 under a private placement, the Company began
selling three year convertible debentures in increments of $1,000 investments to
raise up to a maximum of $5,000,000 in proceeds. The debentures bear interest at
10% which can be paid in cash or shares at a defined value of $.25 per share at
the election of the holder, and are also immediately convertible into common
stock at $.25 per share. The debentures also include warrants to purchase common
stock and have an exercise price of $.50 and a term of two years. Each debenture
holder will receive one warrant for each $.25 of investment made in the
debentures. The Company had raised total proceeds of $777,000 through March 22,
2002 under the private placement. As a result of the in-the-money conversion
features contained in the debentures, and the warrants issued in connection with
the convertible debt the Company will be recording additional non-cash financing
costs on the debt. The intrinsic value of the in-the-money conversion feature
will be recorded as expense as the debentures are issued. The calculated value
of the warrants using the Black-Scholes option pricing model will be recorded as
a discount on the debt and amortized over the contractual life of the
debentures. Accordingly, the Company may experience significant non-cash
financing charges being recorded to future results of operations.

gruß

tgfn

[Beren]

Q JosedelaVega

R. Heinz ist schon seit längerer Zeit nicht mehr in Diensten von Eugs.
Der Herr Heinz hat auch bei Eugs keine Bäume ausgerissen und wenn der bei Teton auftaucht,wäre ich etwas vorsichtig.Ebenso ist ja auch Herr Arleth bei Teton eingestiegen,der wegen Erfolglosigkeit bei Eugs ebenfalls "abgeschossen" wurde.
Take Care!!
Gruß

Beren

[JosedelaVega]

tatneft :

tatneft nun wieder an der unterstützungszone - nicht uninteressant für eine erst kleine pos.


teton :

gestern wurde teton kurz sogar auf 0,36 Dollar runtergetaxt - das Orderbuch war leer !!!


Transmeridian :

hohes volumen gestern


josé

[JosedelaVega]

na da haben wirs

Teton hat ein Problem !!!

aus TTPT wurde TTPT E !!!!!!!!

das E bedeutet nichts gutes

hat von euch schon jemand die genaue Info ?


josé

[tgfn]

hi jose

das E bedeutet,daß ein filing überfällig ist.

Wurde am 09.05.02 im 8k (freeedgar)angekündigt,sollte also keine große Überraschung sein.



ITEM 8 - CHANGE IN FISCAL YEAR

On May 7, 2002, the board of directors of Teton Petroleum Company approved a
change in fiscal year end from December 31 to March 31, effective as of March
31, 2002. Teton will file a report on Form 10-QSB covering the transition
period, January 1, 2002 through March 31, 2002, on or before June 21, 2002.


gruß
tgfn

[JosedelaVega]

4 wochen ab heute zeit - ansonten wird Teton hier in D. und in den USA delisted !

josé

[JosedelaVega]

Teton :

so ich hab nun in den letzten Tagen nochmals Fühler richtung Teton ausgestreckt ! Meine Bedenken konnten geklärt werden.

Somit habe ich 10 % unter meinem Ausstieg heute in den USA wieder Pos. aufgebaut.

Vor allem meine Bedenken bezüglich der Struktur und vieler "unseriös" erscheinder Hintergründe konnten ausgeräumt werden.


josé

[JosedelaVega]

hier etwas zu meinem Russland-Standard Liebling im Öl-Bereich ( sehr interessante Kurse derzeit ) :
===========================================

Aktien auf dem Prüfstand
Tatneft
Quelle MBB 2.6.02
(Übrigens eine wirklich gute Infoquelle)

Die Kurse von russischen Ölaktien
waren in den letzten Tagen durch starke
Gewinnmitnahmen geprägt. Ein Grund
mehr, einen der Top-Performer der letzten
Monate, Tatneft, unter die Lupe zu
nehmen. Auch der Kurs von Tatneft fiel
in der letzten Woche von 18 auf 16 EUR,
obwohl sich fundamental an den guten
Aussichten der Aktie nichts geändert
hatte.
Sicherlich ist Tatneft aufgrund des
immer noch relativ hohen Verschuldungsgrades
besonders stark vom
Ölpreis abhängig. Zudem hat Tatneft
noch erheblichen „Nachholbedarf“ im
Downstream-Geschäft. Wie berichtet,
soll in Nizhnekams eine neue Raffinerie
gebaut werden. Das Gesamtprojekt
verläuft in zwei Stufen und kostet insgesamt
1,1 Mrd. USD. Die Kapazität soll
nach Fertigstellung 50 Mio. Barrel bei
einer geplanten Kapazitätsauslastung
von 82% betragen. Die erste Phase der
ersten Stufe mit einer Raffinerietiefe
von 46% soll bereits im Oktober dieses
Jahres fertiggestellt werden, was Kosten
von 127 Mio. USD verursacht. Im Jahr
2004 sollen bereits die leichten Ölprodukte
von 2,6 auf 5,7 Mio. Tonnen mehr
als verdoppelt werden. Bis zum Jahr
2008 sollen dann die Raffineriekapazitäten
auf 11 Mio. Tonnen (bzw. 220 Mio.
Barrel pro Tag) hochgeschraubt werden.
Tatneft wird sich damit in den nächsten
Jahren in einen voll vertikal integrierten
Ölkonzern wandeln. 65% des produzierten
Öls soll dann durch eigene
Raffinerien verarbeitet werden können.
Bekanntermaßen ist der Schwefelanteil
des von Tatneft produzierten Öls
besonders hoch. Durch die neue Raffinerie
sollen auch diese Probleme besser
gelöst werden.
Um die Lieferung zur Moskauer Raffinerie
zu garantieren, wurde zusammen
mit der Londoner Ölhandelsgesellschaft
Corus eine 33,3%ige Beteiligung an
Sibir Energy eingegangen, die die Moskauer
Raffinerie betreibt. Tatneft liefert
zur Zeit 2 Mio. Tonnen (40 Mio. Barrel/
Tag) nach Moskau, kann die Lieferung
aber auf 4 Mio. Tonnen aufstocken.
Um die zukünftigen Downstreamprojekte
finanzieren zu können, braucht
Tatneft neue Finanzquellen. Ein neuer
Eurobond würde wesentlich teurer
sein als eine Bankfinanzierung. Tatneft
hat zum Beispiel einen Kredit von 200
Mio. USD von der CSFB zu LIBOR +
4 %(=6,5%) mit einer Laufzeit von 5
Jahren aufgenommen, während ein
Eurobonds gegenwärtig Zinskosten von
10-11 % ergeben würde.
Nach wie vor bestehen Gerüchte,
daß Tatneft zur Verbesserung der Liquidität
die Herausgabe eines Level 3 ADR
plant, wobei noch fraglich ist, ob der
Staat Tartastan seinen 33,1%igen Anteil
verkaufen will.
Für dieses Jahr wird bei Umsätzen
von 3,4 Mrd. USD (Vorjahr 4,4 Mrd.
USD) EBITDA von 1,06 Mrd. USD
(Vorjahr 1,06 Mrd. USD) und ein Nettogewinn
von 550 Mio. USD (Vorjahr 673
Mio. USD erwartet, was ein KGV von
3,5 (Vorjahr 2,8) und ein EV/EBITDA
von nur 2,2 entspricht. Im nächsten Jahr
wird bei weiter verringerten Umsätzen
auf 3 Mrd. USD ein rückläufiger Nettogewinn
von 500 Mio. USD erwartet,
was einem KGV von 3,8 entspricht.
Damit beträgt der Discount zu anderen
russischen Ölaktien immer noch etwa
50% und der zu Emerging MarketsÖlaktien
ebenfalls - je nach Kennziffer
- 44-79%.
Die Traumgewinne und Umsätze aus
den Jahren 2000 und 2001 sind sicherlich
nur dann wiederholbar, wenn es
aufgrund einer Eskalation im Nahen
Osten oder eines Irakkrieges zu starken
Ölpreissteigerungen auf über 30 USD/
Barrel kommen sollte. Aber auch ohne
diese „paradiesischen“ Verhältnisse
sind russische Ölunternehmen immer
noch unterbewertet, insbesondere Tatneft
mit einem KGV von 3,5. Aufgrund
der Unterbewertung stufe ich die Aktie
weiterhin als Kauf ein.


josé

[JosedelaVega]

Dollarkollaps bedroht Börsen
Goldman-Sachs-Chefvolkswirt schlägt Crash-Alarm

Berlin - Banker schlagen Alarm: Die Dollarschwäche, so ihre Warnung, könnte gravierende Auswirkungen für die Finanzmärkte haben. Sollte die US-Devise ihre Talfahrt ungebremst fortsetzen, seien selbst Börsenturbulenzen nicht mehr auszuschließen. "Der Dollareinbruch Mitte der 80er Jahre war der wesentliche Treiber für den Aktiencrash 1987", macht Bill Dudley, Chefvolkswirt von Goldman Sachs, in seiner jüngsten Studie unmissverständlich klar. "Anleger sollten ihr Portfolio einem Währungs-Stresstest unterziehen, um im Ernstfall schnell handeln zu können."

Schon jetzt haben Anleger einen Vorgeschmack darauf bekommen, welche Risiken von der Währungsseite drohen. Der Dollar verlor in den vergangenen zwei Wochen gegenüber dem Euro vier Prozent an Wert und markierte gestern bei knapp 0,94 Euro ein 18-Monats-Hoch. Parallel dazu büßte der Dax 300 Punkte oder knapp sechs Prozent an Terrain ein. Gestern rutschte das Börsenbarometer zeitweise sogar unter die 4800-Punkte-Marke.

Pessimisten spielen bereits eine Kettenreaktion durch. Ein weiter fallender Dollar könnte zu einer Beschleunigung der zuletzt eingesetzten Kapitalflucht aus dem USA führen. Ein Anstieg der Teuerung durch importierte Inflation wäre dann unausweichlich - mit negativen Folgen für Aktien- und Rentenmarkt. "Ein scharfer Einbruch des Dollar brächte das jetzt noch gängige Bild einer nachhaltigen inflationsfreien Wirtschaftserholung gehörig ins Wanken", meint Dudley. Die Fed käme in die unangenehme Lage, dass die Teuerung zunähme und sich gleichzeitig das Wirtschaftswachstum abschwächen würde.

Als Horrorvorlage dienen dem Experten die 80er Jahre. Tatsächlich gibt es auffällige Parallelen: Auch heute hat der Dollar eine unglaubliche Rallye hinter sich, das amerikanische Leistungsbilanzdefizit nimmt immer bedrohlichere Ausmaße an und die Haushalts-Kassen sind leer. Darüber hinaus hatte auch 1985 die US-Wirtschaft einen kräftigen Investmentboom hinter sich.

"Ein scharfer Dollareinbruch erscheint daher unausweichlich", resümiert Dudley. Es sei nur noch eine Frage der Zeit, bis der Greenback weiter an Boden verliere. Dieser Meinung schließen sich immer mehr Fachleute an. Während vor kurzem die Zunft der Devisen-Experten eine Parität zwischen Dollar und Euro als illusorisch abgetan hatte, erwarten etwa Morgan Stanley oder UBS Warburg noch in diesem Jahr, dass ein Euro wieder einen Dollar wert ist.

Obwohl die europäischen Aktienmärkte eigentlich davon profitieren müssten, dass die Portfoliomanager ihre Gelder aus Amerika abziehen, geben Experten für den alten Kontinent keine Entwarnung. Zum einen hänge Europa noch immer am Tropf der Leitbörse New York. Zum anderen würde ein starker Euro vielen exportorientierten Gesellschaften die Bilanzen gründlich verhageln. Und hier gerät insbesondere der Dax mit dem starken Gewicht von Auto-, Chemie- oder Technologietiteln, die von den Ausfuhren leben, in die Bredouille. Die Aktienstrategen von UBS Warburg stutzten bereits - vor allem auf Grund der Dollarschwäche - ihr Dax-Jahresendziel von 5750 Zählern auf 5400 Punkte zurück. hz.

[kazman]

Sodele

Meine Silberminen sind teilweise schon ganz gut gelaufen Langsam sollten auch die Ölwerte wieder ins Rollen kommen

Ich warte auf GRR ;-)))

@Jose
Deine Tetonempfehlung scheint mir nachwievor etwas undurchsichtig.
Was heisst hier "ich hab nun in den letzten Tagen nochmals Fühler Richtung Teton ausgestreckt" ???

Geb mal ein paar Facts

[JosedelaVega]

interessante Grafik





@ kazman

hab leider im moment sehr wenig zeit - hier jedoch auch einige Inhalte die ich klären musste. ( wurde hier im board von jemand gepostet )

Hier ein paar Antworten:

MOT ist eine Gesellschaft, die einer Investorengruppe um einen Zamir Abdullaev gehört. Zu der MOT (wie der Name schon sagt, eine Trust) gehört auch Petromed, es ist sozusagen eine Entität. Zamir interessierte sich für Goloil und kaufte von Teton einen 50%igen Anteil an Goltech für 1 Mio in cash und einer Investitionsverpflichtung von 5,6 Mio USD. Die Anteile an Goltech gehören nun Petromed. Die Investitionsverpflichtung wurde in eine andere Firma ausgelagert, die das geliehene Geld mit Öl zurückzahlt. 50% der Produktion von Goloil gehen derzeit in die Rückzahlung. Nach der Rückzahlung (max. 7 Jahre) gehen die Produktionsanteile jeweils hälftig an Teton und Petromed, d.h. der jetzige Anteil von Teton wird verdoppelt.

An Petromed ist niemand von Teton beteiligt oder sonstwie involviert.

Petromed bzw. die Investorengruppe haben die Management Control, das ist richtig. Sie sind auch diejenigen, die Investitionen tätigen und die Erschliessung vorantreiben.



Insofern:
Des weiteren hat hat Petromed noch 5,6 Mio. USD für die weitere Entwicklung des Ölfeldes und der Pipeline als Fremdkapital Darlehen zugesagt. Das ist rückzahlbar mittels der Hälfte der Goloil Produktion - richtig ?“
Ja

Komisch finde ich hier die Formulierung "Hälfte der Goloil Produktion". Ist damit die Hälfte des Goltech Anteils gemeint oder 50% vons Ganze ??“
50% von der gesamten Produktion
Die Aktionäre die die restlichen knapp 30% an Goloil halten (u.a. Lukoil) gehen bei der Produktion leer aus.

Hier kann man auch mal fragen, warum die Petromed nicht direkt in Teton investiert hat. Im Hinblick auf weitere Projekte würde es einer Inc. gut stehen, wenn etwas mehr Substanz drin wäre.
Das ist richtig. Im Grunde hat man folgendes getan: Da man einen strategischen Partner brauchte, der ausserdem in das Projekt investiert, hat man diesen mit MOT gefunden. Eine Bank hätte in dieser Zeit mit Sicherheit kein Geld für ein russisches Ölfeld hergegeben.
Im Gegenzug erhält Teton das Öl an der rasch wachsenden Produktion. Insofern ist das ein sinnvoller Deal.
Eine im Board sehr bekannte Firma namens Donner Minerals hat das im übringen auch so gemacht.
Kurz: Teton besitzt die Rechte, Petromed investiert in die Förderung und Teton bekommt daraus Einahmen aus der gestiegenen Förderung

Da ist ja schon mehr Öl versprochen als bislang gesprudelt ist, wogegen ja nichts einzuwenden ist, aber beziehen sich die Netto Angaben für Teton wirklich genau auf den Teil des gewonnenen Öls, das Teton zusteht oder muß davon noch etwas an Dritte angegeben werden ?
Das Öl steht Teton alleine zu.

50% geht an Goltech, davon geht die Hälfte an Teton, also 25 % insgesamt.
Ausserdem hat Teton das alleinige Recht seinen Anteil zu exportieren, d.h. die Exportquote von Petromed fällt an Teton.




josé

[JosedelaVega]

so das freut - teton hat bezüglich des kleinen Problems der SEC mich als Investor mit den richtigen Informationen bedient und war hierbei einiges prof. als die SEC !! *grrr... *
Das E ist wieder weg vom Kürzel.

+ 10 % in den USA - charttechnisch sieht es nun sehr interessant aus

------------


Bei Transmeridian sahen wir heute sehr hohe Umsätze im Bereich von 0,54 - 0,57 ! Schluss dann mit geringem Vol. bei 0,51 zu 0,52



José

[Kubanisch_Rauchen]

Schön, wie gut dass ich nochmals aufgestockt habe...


KR

[JosedelaVega]

TMXN

bei Transm. gehen heute ja wieder größere Blöcke über die Bühne

josé

[JosedelaVega]

Teton Petroleum Completes New Well, Increases Production To 5,500 Barrels a Day
6/5/02





STEAMBOAT SPRINGS, Colo., Jun 5, 2002 /PRNewswire-FirstCall via COMTEX/ -- Teton Petroleum Company (OTC Bulletin Board: TTPT; Frankfurt TP9) announced today that Teton`s field production in Western Siberia has increased to 5,500 barrels of oil per day, net to Teton 1,375 barrels a day. The company completed Well #602 successfully and is in the process of completing well #40-P over the next sixty days, which will add additional production to the company.
"We are very pleased with the increase in production and continued success with our Russian operations," said H. Howard Cooper, President of Teton Petroleum.

Oil is being pumped through a 40-kilometer pipeline, which was completed in June 2001, to the processing and separating facility in Samotlor Oil Field, Western Siberia, Russia. The company expects to complete its own processing and separating facility in the fourth quarter of this year, which will enable the company to reduce its production costs significantly.

Teton is an oil and gas exploration and production company which conducts its active business solely through a 50 percent ownership interest in Goltech LLC, a Texas limited liability company, which, in turn, operates solely through ownership of 70.59 percent interest in Goloil, a Russian closed joint stock company. Goloil owns the Eguryak license in Western Siberia. According to a reserve audit prepared by Gustavson Associates, Inc., the Eguryak license contains 41.96 million barrels of proven reserves net to Teton. Additional information about Teton is available at its website, www.tetonpetroleum.com .

This press release may make forward-looking statements, which are subject to various uncertainties and risks that could affect their outcome. Factors, which could cause or contribute to differences include, but are not limited to, economic conditions, product demand and sales, interest rates, foreign currency exchange rates, competition and competitors` actions, and changes in the petroleum industry. Please refer to the company`s 10-K, 10-Qs and other SEC filings for a more detailed discussion of the risks. This press release does not constitute an offer to sell or solicitation of an offer to buy Teton Petroleum securities.

[kazman]

@Jose

also ich finde das Ganze nachwievor höchst undurchsichtig.
Wie soll ich dieses Beteiligungsgeschwür als kleiner Investor noch durchschauen ?
Vielleicht liegt es auch einfach daran, daß ich nicht so tief in der Materie drinstecke wie Du.

Erinnere Dich mal an Hurricane zurück.
Da gab es einen relativ einfachen rechtlichen Konstrukt, einen Quartalsbericht, coole Leute mit klaren, transparenten Ideen, und Unterstützing durch Banken und einflussreiche Politiker vor Ort.
D.w. einen Quartalsbericht auf den man notfalls den Verein hätte festnageln können, und eine Website mit aktuellen Infos.

Bei Teton ist mir zur Zeit noch nicht einmal klar, wo genau die Ihre Ölfelder haben.
Hast Du irgendwelche geologischen Gutachten gesehen, die widerspruchsfrei diesem "Konstrukt Teton" zugeordnet werden können ?

Wo hast Du Deine Grafiken her (Quelle???) ... und was sollen diese bzgl. Teton aussagen ???

[JosedelaVega]

1996 - Formed.
1997 - Purchased 50% interest in the Russian Oil Company Goloil, through Goltech.
1998 - $3.75 million financing; exported 182,500 barrels.
1999 - $1 million financing, drilled a well that tested 1200 barrels of oil per day
2000 - CDNX listing, - $6,600,000 financing for pipeline completion & five well drilling program.
2001 - Completed 25 mile pipline - drilling 5 wells





Was gefällt mir an Teton besonders gut :

Teton ist wohl einer der einzigsten kleinen Öl-Produzenten, der über die Infrastruktur bereits kompl. verügen kann.
D.h. vor allem : Die Pipeline besteht bereits Man kann sein ÖL einspeisen in die große Samara-Westen Pipe !




Was zusätzlich für mich sehr wichtig ist - man ist kein Ausländer sondern das Team ist vom Wissen und den techn. Mögl. amerikanisch orientiert und von der Sprache, Kontakten, ... russisch

Auch sind die Steigerungsraten der difinitiv pro. Ölmengen gigantisch. Vor einiger Zeit wurde noch auf Jahresbasis 190.000 Barrel prod. - heute in einem Monat ! Teton ist nun bei fast 500.000 Barrel im Jahr angelangt !!!

Diese Fakten sind belegt, ausgewiesen, das ÖL fließt, daran misst sich TTPT, .... 1350 BARREL TÄGLICH net. für TETON !!!!!

und dies wird sich noch deutlich steigern - wesshalb ich mich hier aus dem Fenster lehne ? weil die Ankündigungen in Interviews, Roadshows, ... der letzten Monate haargenau auch erfüllt werden !!!



josé

Colorado oilman goes the distance: to Siberia

By Bruce Finley - Denver Post International Affairs Writer

Sunday, April 21, 2002 - For the past five years, oilman Howard Cooper has shuttled between Colorado and Siberia, supervising production from Soviet-era wells that spew seemingly limitless light black crude.

Today Cooper`s Siberian venture exemplifies what experts call America`s best hope for quenching its 19.6 million-barrel-a-day thirst for oil.

The hunt is on for new non-Mideast foreign suppliers.

But analysts say new sources will prove risky and hard to obtain.

Africa`s oilfields off Nigeria and Angola are plagued by government instability and social unrest. Colombia`s oil pipelines regularly are attacked by rebel guerrillas. And though Cooper insists "Russians have never been disruptive," Siberian oil has been vulnerable to political uncertainty.

Two decades ago, new non-Mideast foreign oil was more likely to lie "in places you might go on vacation. Not anymore," said Ed Porter, research manager at the American Petroleum Institute in Washington, an industry trade association.

"The places are increasingly challenging."

And that is the challenge America faces today - unless Americans make do with less - amid Mideast turbulence and U.S. congressional rejection of domestic alternatives.

Such was the consensus among leading industry analysts digesting Thursday`s defeat of plans to drill in Alaska`s Arctic National Wildlife Refuge. This followed Senate rejection a month ago of stricter vehicle fuel-efficiency standards that could reduce consumption.

Also last week, Iranian President Mohammad Khatami renewed a call for Muslim oil producers to halt supplies in protest of Israel`s crackdown on Palestinians. Iraq`s 30-day embargo continued. Venezuela`s strike-plagued supplies, fourth-largest in the world, appeared less than certain as President Hugo Chavez regained power after a failed coup.

All this combined with the threat that the Israeli-Palestinian conflict could widen was enough to push oil prices up. On Friday, oil cost $26 a barrel, up 23 percent from $21 at the beginning of March.

"That`s not so little, but it`s not a crisis," said John Lichtblau, chairman of the Petroleum Industry Research Foundation, a New York-based think tank.

"The risk is that there might possibly be more oil lost. Iraq is already lost, and that is 1 million barrels a day. Prices could go up and you would probably use the strategic petroleum reserves at a certain point. This could bring somewhat of a slowdown in economic growth."

The likelihood of further supply interruptions is debatable.

"Most of these (Mideast) countries already are spending more than they take in," said Jim Lindsay, the National Security Agency`s global issues director under President Clinton, who now runs the Brookings Institution program on terrorism. "If they cut production, they could end up not able to take care of their bills." Saudi Arabia`s leaders, he said, "probably don`t see it in their interest to wield oil as a weapon."

Today, 26 percent of U.S. oil flows from the Mideast and Venezuela, according to government statistics. About 14 percent comes from the Persian Gulf region.

Overall, U.S. dependence on foreign oil is increasing. In 1973, 34 percent of U.S. oil was imported. In 1990: 42 percent. Today the share is 56.6 percent. The total amount Americans consume has gone up steadily, too - from 17 million to 19.6 million barrels a day. Cars and sport utility vehicles guzzle an estimated 70 percent.

The situation enrages lawmakers who contend that dependence on foreign oil leaves America dangerously vulnerable. U.S. Sen. Ben Campbell, R-Colorado, pointed out that Americans have been using oil from Iraq at a time when U.S. foreign policy was aimed at overthrowing Iraqi President Saddam Hussein.

"It bothers the hell out of me," Campbell said. "People don`t seem to get the picture about where their money is going - to a guy who may be arming suicide bombers."

Conservationists are uncomfortable, too. They contend reliance on new non-Mideast supplies would only prolong U.S. dependence.

Tapping new foreign oil would let Americans keep using too much, said Shi-Ling Hsu, environmental law professor at George Washington University.

"We can`t rely on foreign oil sources of production," Hsu argued. "Siberia? OK. Maybe. But the more we drill for oil now, the more we become dependent on oil by building our cars bigger, and the more severe the price shocks are going to be in the future."

His favored option: a higher gas tax. This would spur development of fuel-efficient cars, he said, so that Americans could reduce consumption.

However, savings from increased fuel-efficiency could take years. A broader embargo could happen quickly. And U.S. emergency reserves, stored under salt domes, are designed to meet demand for only 90 days depending on the supply interruption.

So the hunt begins, focusing first on West Africa, Central Asia and Russia. U.S. companies have had some success, producing about 1.6 million barrels a day of non-Mideast foreign oil in 1999, according to Energy Department statistics.

But according to Porter at the American Petroleum Institute, European and foreign state-owned oil companies are moving more aggressively. Government and industry statistics indicated non-U.S. oil companies increased production of non-Mideast foreign oil by 53 percent between 1987 and 1999, while U.S. companies increased their take by 23 percent since 1990.

Further diversification now is America`s "silver bullet," said Tom Niles, president of the New York-based U.S. Council for International Business.

Business leaders call for tax breaks for U.S. oil companies to encourage increased efforts abroad.

Yet in Siberia, Cooper`s Teton Petroleum Inc. is succeeding just fine. It`s one of a handful of U.S. companies operating in Russia, the world`s largest oil producer with among the largest reserves outside the Mideast.

Cooper went in alone at a time when investors considered Russia risky.

The venture grew out of a 7,500-mile, six-month bicycle ride from St. Petersburg to Vladivostok in 1990. The trip took him across the Siberian tundra.

And as he pedaled his silver-and-blue mountain bike, he stared out at seemingly vast oil fields where pumps were still.

He ended up marrying a Russian. He negotiated the purchase of an oil business license. In 1997, he returned to Siberia, rode a barge across the Agan River to an oil field, and turned a valve that promptly produced.

At first Teton trucked oil out of Russia. Now the company has built a 25-mile pipeline that links its fields with the Trans-Siberian pipeline into Western Europe. The amount of oil has increased sixfold to 3,300 barrels a day, said Cooper, 45. And he reckons this would make sense for America.

"Look at who we get our oil from today," he said. "Right now, is Saudi Arabia supportive of us? Or not? What is the most stable producer of oil now? Go down the list.

"Russians now are coming to me on a regular basis with proposals. We could develop an unlimited amount of proven oil. And it would be a reliable, safe source."

[kazman]

nun sach schon Jose

Wo hast Du die Pix her ? ;-)

Geb mal nen Link

[kazman]

wg Adair

Wieviele Nachkommastellen wollen die eigentlich noch einführen ?

SCORE schweigt sich aus zur Zeit

[JosedelaVega]

zu TMXN etwas aus der Oil and Gas - Investor Ausgabe :


The Transmeridian Exploration Inc., Houston, license area for the company`s South Alibek Field in Kazakhstan was increased to incorporate all of the identified potentially oil-bearing reservoirs associated with the field.



@ kazman

adair hat sich ein wenig stabilisiert. ´Der Kurs ist derzeit nicht fair gepreist. Bei geringstem Kaufinteresse sind wir deutlich höher.
Dafür muss sich jeoch noch herausstellen, ob wirklich noch assets da sind !!! Hast du mal wieder mit SCORE dich in Verbindung gesetzt ?

Vielleicht sollten wir dort mal wieder vorsprechen




josé

[JosedelaVega]

Transmeridian Exploration Announces Field Expansion
HOUSTON, March 5 /PRNewswire-FirstCall/ -- Transmeridian Exploration, Inc. (OTC Bulletin Board: TMXN - news) announces that the license area for the Company`s South Alibek Field (``Field``) was increased 400% on November 7, 2001 to incorporate all of the currently identified potentially oil bearing reservoirs associated with the Field. With this increase, the Company now estimates that the entire structural closure of the Field is completely within the expanded 14,111 acre (57.106 sq. km) License, and provides Transmeridian the opportunity to fully develop the complete Field structure area, as well as providing additional acreage for the exploration of upside prospective targets within the license.

Significantly, Nelson Resources Limited recently announced that Kazakhoil Aktobe`s production testing of Alibekmola #51, its first appraisal well at the Alibekmola oil field, resulted in sustained flow rates of 915 barrels of oil per day (bpd). This well is located within one mile of Transmeridian`s field

Transmeridian has initiated a 3 well drilling program to begin delineation of the South Alibek Field. Transmeridian is expecting to begin drilling in the second quarter and test production in the third quarter of this year.

Transmeridian Exploration is an independent exploration and production company with a significant oil development project in the Republic of Kazakhstan.

[JosedelaVega]

bei Adair tut sich was :


Tuesday June 11, 5:30 pm Eastern Time
Press Release
SOURCE: Adair International Oil and Gas Inc.
Adair International Oil and Gas Inc. Announces Proxy Fight for Upcoming Shareholders Meeting
HOUSTON--(BUSINESS WIRE)--June 11, 2002--John W. Adair, chairman and CEO of Adair International Oil and Gas Inc. (OTCBB:AIGI - News), announced today a proxy fight for the control of the Board of Directors for the Company. The opposition is lead by a small group of former employees who were unsuccessful in the proxy fight for the last fiscal year of the shareholders meeting where Adair as chairman, received approximately 97% of the votes. The group under the name of SCORE has been waging an Internet fight for control of the company for the upcoming meeting. The opposition is headed by Mr. Richard G. Boyce whom ADAIR has filed suit against, among others including Occidental. The center of the controversy is the Exploration Block 20 in the Republic of Yemen where ADAIR has a 30% working interest with Occidental controlling 50%. "These parties have damaged the company and the shareholders value with their actions and I do not believe the shareholders will be mislead by their allegations," stated John W. Adair, chairman.

"Mr. Richard G. Boyce was president and director of two of Adair`s wholly owned subsidiaries, Adair Exploration Inc. and Adair Yemen Exploration Limited. Boyce was a disgruntled employee and wanted to take over management of AIGI and waged an unsuccessful proxy fight to take control of AIGI`s Board. Boyce`s association with Adair ended in June 2001 when he lost his bid to take over control of Adair. Prior to the end of his association, Boyce took and is in possession of property belonging to Adair and its wholly owned subsidiaries," stated John W. Adair. Adair also pointed our the following information.

Mr. Larry Swift was an employee of Adair, hired to serve as controller. His association with Adair ended in October 2001 as a result of his incompetence. Prior to the end of his association with Adair, Swift took and is in possession of property belonging to Adair. Swift also disclosed certain sensitive financial and other private information of Adair to Boyce and others in violation of his ethical responsibilities as a Certified Public Accountant.

"In November or December 2001, Boyce and Swift published affidavits on a Web site with address http://TheNewAIGI.com. The affidavits contain false statements and misleading information. The publication of these false statements have damaged Adair`s business reputation," stated Adair.

Sometime in July through September of 2001, Mr. Boyce met with El Paso, an energy company that was in the middle of negotiations with Adair for certain financing of Adair`s power projects. Boyce made damaging oral statements to El Paso that caused El Paso to not enter into a financing arrangement with Adair, according to the filed lawsuit.

Richard G. Boyce defamed Adair by making blatantly false statements to the general public, Adair`s Shareholders and Adair`s customers, banks and other business contacts. Also, Richard G. Boyce and Larry Swift were not privileged to publish their false oral and written statements and their defamatory actions have proximately caused damages to Adair.

Boyce and Swift have tortiously interfered with Adair`s prospective business relationship with El Paso, an energy company. These tortious interferences were not justified or privileged. Adair has suffered damages proximately caused by Boyce and Swift`s tortious interference.

Boyce and Swift took property belonging to Adair including (a) computer disks containing the property and (b) geological maps and surveys. The value of the property taken is excess of this court`s minimum jurisdictional limits.

Boyce and Swift conversion of Adair`s property to their own use has proximately caused Adair to suffer damages.

Larry Swift owed fiduciary duties to Adair as an employee of and Certified Public Accountant for Adair. Swift breached his fiduciary duties by, among other things, conspiring with Boyce and others by breaching his confidentiality obligations as a certified public accountant. Richard G. Boyce knowingly and intentionally aided and abetted these breaches of fiduciary duty. Through their actions, Adair suffered damages proximately caused by the Defendants` breaches of fiduciary duties.

Boyce and Swift have joined together by a meeting of the minds among them to pursue by one or more unlawful and overt acts as common objectives or course of action to harm Adair in the ways described above for their own benefit. Boyce and Swift engaged in these overt actions in furtherance of their conspiracy as described above.This conspiracy has proximately caused damages to Adair

Boyce and Swift engaged in these tortuous acts intentionally and with malice toward Adair. Therefore, Adair seeks exemplary damages sufficient to discourage Boyce and Swift from committing such torts against others in the future.

In addition, Adair`s parent, Adair International Oil and Gas Inc. ("AIGI"), obtained an extremely valuable oil and gas concession known as Block 20 in the Republic of Yemen, consisting of the right and obligation to explore and develop oil and gas in some 500,000 acres. The concession has the potential for discovery and production of hundreds of millions of barrels of oil.

AIGI brought Occidental into the deal based on the agreement that AIGI, through its subsidiaries Adair and Adair Yemen, would operate the concession during the exploratory phase and Occidental would operate if and when any commercial discoveries were made.

Adair Yemen`s interest in the concession is extremely valuable, potentially worth hundreds of millions of dollars.

Boyce was president and a director of both Adair and Adair Yemen. Boyce was an employee of Adair.

Mr. Gene Ackerman was an employee of Adair, hired to serve as general manager of Adair Yemen and Dave Crandall was also an employee of Adair.

Occidental decided to wrest the duties of operator away from Adair and to try to take over Adair`s interest in the concession contrary to the terms of the operative agreements. As part of that effort, Occidental`s subsidiary orchestrated, in concert with Boyce and Ackerman, an effort to remove Adair Yemen as operator, and instituted an international arbitration proceeding against Adair Yemen before the International Chamber of Commerce, International Court of Arbitration, in Paris, France, to try to get Adair Yemen`s interest declared forfeited.

Boyce was a disgruntled employee and wanted to take over management of AIGI and waged an unsuccessful proxy fight to take control of AIGI`s Board. Boyce sought to capture control of the work on the Block 20 concession for the financial benefit of himself.

In the first half of 2001, while exploration was proceeding on Block 20, Boyce, Ackerman and Crandall plotted and worked together and with Occidental to achieve their own selfish purposes to the detriment of Adair and Adair Yemen and to deprive Adair Yemen of its rights and opportunities in the Block 20 concession. Boyce and Ackerman worked with Occidental to orchestrate the removal of Adair Yemen as operator, plotted with Occidental to arrange for their own future roles in the work on the concession, and mislead officials and business representatives of the Republic of Yemen. Boyce and Ackerman also improperly refused to turn over information regarding subcontracts to authorized personnel of Adair. Instead, Boyce, Ackerman and Crandall orchestrated turning over these subcontracts to Occidental to aid in its wrongful assertion of operator status.

Boyce, Ackerman, and Crandall used company resources on company time to work against the interest of Adair. They corresponded about their alternative plans of how to advance the interests of themselves and Occidental to the detriment of Adair and Adair Yemen.

Contrary to the interests of Adair and Adair Yemen and in direct violation of the position taken by Adair and Adair Yemen, Boyce and Ackerman turned over the office, office equipment, vehicles, files and all tangible and intangible assets and Yemen property of Adair Yemen to Occidental without authorization. They also encouraged Adair Yemen employees or contractors to abandon their obligations to Adair Yemen and to work instead for Occidental or its Yemeni subsidiary.

Ackerman purported to act on behalf of Adair and Adair Yemen thereafter without authorization and contrary to the interests of Adair and Adair Yemen and for the benefit of Occidental, Boyce and Crandall even after his employment terminated.

After having set up and executed the plan for Occidental to attempt to wrest away operator status and the interest in the concession from Adair Yemen, Boyce resigned as director of the Companies on June 15, 2001, and resigned as president and employee on June 18, 2001. (He was soundly defeated by shareholders in his previous proxy fight.)

Mr. Richard G. Boyce and Mr. Gene Ackerman owed fiduciary duties to Adair and Adair Yemen. Crandall owed a fiduciary duty to Adair. Boyce, Ackerman and Crandall breached these fiduciary duties by, among other things, conspiring with each other and Occidental to deprive Adair and Adair Yemen of the full rights and benefits in the Block 20 concession, manipulating the relationship with subcontractors performing work on Block 20 to have that work supervised or directed by Occidental rather than Adair and/or to have such work performed or supervised by themselves, misappropriating assets belonging to Adair Yemen for the benefit of Occidental, misrepresenting Adair Yemen`s status and their own status to officials in the Republic of Yemen and the public, and breaching the Company`s confidentiality by unauthorized disclosures.

Occidental knowingly and intentionally aided and abetted these breaches of fiduciary duty.

Adair and Adair Yemen suffered damages proximately caused by Occidental`s, Boyce`s, Ackerman`s and Crandall`s breaches of fiduciary duties.

Occidental tortiously interfered with Adair`s contracts with Boyce and/or Ackerman and Adair Yemen`s subcontracts on the Block 20 concession.

Boyce, Ackerman, Crandall and Occidental have tortiously interfered with contractual and/or prospective business relations of Adair and Adair Yemen. These tortious interferences were not justified or privileged.

Adair and Adair Yemen have suffered damages proximately caused by Occidental`s, Boyce`s, Ackerman`s and Crandall`s tortious interference.

Adair Yemen had opportunities to profit from the operation of the exploration at Block 20 and from its interest in the Block 20 concession. Adair had opportunities to profit from services to be provided to Adair Yemen on behalf of the participants in Block 20.

Occidental, Boyce, Ackerman and Crandall have usurped, or aided and abetted the usurpation of corporate opportunities of Adair and Adair Yemen in the exploration and development of the Block 20 concession.

Occidental, Boyce, Ackerman and Crandall have misappropriated and/or converted the assets of Adair Yemen in the Republic of Yemen. Alternatively, Boyce and Ackerman have wasted corporate assets of Adair Yemen. Adair Yemen has suffered damages proximately caused by Occidental`s, Boyce`s, Ackerman`s and Crandall`s misappropriation, conversion, or waste of its assets.

Occidental, Boyce, Ackerman and Crandall have joined together by a meeting of the minds among them to pursue by one or more unlawful and overt acts a common objective or course of action to harm Adair and Adair Yemen in the ways described above for their own benefit.

Occidental, Boyce, Ackerman and Crandall engaged in these overt actions in furtherance of their conspiracy as described above. This conspiracy has proximately caused damages to Adair and Adair Yemen.

The before is a summary of information relating to the lawsuits that are of public record.

"This is one of the most flagrant examples of a small group bashing a start up company for their own benefit that I have ever witnessed and with the current climate of energy companies, this proxy fight has damaged shareholder value. Adair has substantial projects potentially worth millions of dollars that take time to develop, all of which the current management has brought to the table. We will continue to develop the existing projects and others we have in the planning stages, which should bring substantial future value to our shareholders," stated John W. Adair.

"The proxy fight with the many allegations against Adair via the Internet may be confusing to many shareholders but we have been advised to not go this direction due to the pending litigations. Please do not be mislead by this group. The shareholders meeting is the 15th of July 2002 as previously announced. Now is the time to stand tall and be counted."

"You the shareholders are important to us and your vote is appreciated," stated John W. Adair, chairman

This news release contains forward-looking statements within the meaning of Securities Litigation Reform Act that involves risk and uncertainties, including exploration, development, operational, marketing and implementation risks, other facts described from time to time in the company`s public available SEC reports and other public information which could cause results to differ materially.



--------------------------------------------------------------------------------
Contact:

Adair International Oil and Gas Inc., Houston
John W. Adair, 713/621-8241



josé

[habkeingeld]

Thursday June 13, 9:31 am Eastern Time

Press Release

SOURCE: Transmeridian Exploration Inc.

Transmeridian Exploration Announces Kazakh Government Approval of
Commercial Reserve Status, Independent Confirmation of Reserve Potential

HOUSTON--(BUSINESS WIRE)--June 13, 2002--Transmeridian Exploration Inc. (OTCBB:TMXN - News) announced today that the company has received
confirmation of the additional reserve potential with the expansion of its South Alibek License Area. The expanded license area allowed the company to include the
known extension of the South Alibek structure. The new license area allows for a maximum field area of about 9200 acres which are now estimated to have ultimate
recoverable reserves of as much as 378 million barrels. This estimate was confirmed by work recently completed by the Ryder Scott Company, one of the largest,
oldest and most respected reservoir-evaluation consulting firms in the petroleum industry. The previous engineering estimates gave us maximum ultimate recovery on
about 220 million barrels and the new area increases this level to 378 million barrels. "This confirmation by our outside engineers of our previous estimates gives us
the confidence to forge ahead with our early oil testing and production program," commented the company`s President Lorrie Olivier. "Also, the installation of the
drilling equipment, testing and early production and treating facilities are expected to be completed on schedule."

Transmeridian Exploration is also pleased to announce that they have received notice from the Kazakh government for approval of commercial reserve status for the
field, thus allowing the company to obtain a production contract. The new reserve classification to commercial reserves allows the company to now convert its
Exploration operating contract to an Exploration and Production operating contract, which would encompass a work program for the development of the field.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and
Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are
cautioned that all forward-looking statements involve risks and uncertainties. Although Transmeridian Exploration Inc. believes that the assumptions underlying the
forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking
statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein,
the inclusion should not be regarded as a representation by Transmeridian or any other person that the objective and plans of Transmeridian will be achieved.

[JosedelaVega]

@habkeingeld

dies war wichtig !


bez. Adair :

heute erneut deutlich im Plus : + 24 % !!!!
Die Aktionärsversammlung rückt näher.

josé

[kazman]

schau an

[kazman]

@Jose

fällt Dir das Gleiche auf wie mir ?

Die letzten Monate hohes Volumen bei sinkenden Kurs.
Jetzt steigender Kurs bei geringen Volumen

Was schliessen wir daraus ? ;-)

[JosedelaVega]

hier etwas zu Teton aus dem MyResearch - Board :
--------------------------------------------------


TETON PETROLEUM COMPANY

Nasdaq: OTC-BB Symbol TTPT FRA: Sybol TP9 WKN: 765 756


Sehr geehrte Damen und Herren,


die in USA ansässige Teton Petroleum ist seit meiner Empfehlung im Januar von 0,22 USD um exakt 100% auf 0,44 USD (Freitag 08. März 2002) gestiegen. Allerdings ist es für einen Einstieg immer noch nicht zu spät. Das Potential für weitere deutliche Kurssteigerungen ist kurzfristig wie auch langfristig gegeben. Als Grundlage zitiere ich hierzu die Meldung vom 27. Februar 2002: "Die gesicherten Reserven von Teton Petroleum wachsen substantiell von 8,5 Millionen Barrel auf 41,96 Millionen Barrel".


Drei Aspekte sind im Zusammenhang mit dieser Pressemitteilung sehr interessant.


Zunächst die Verfünffachung des nominalen Firmenwertes. Teton verfügt nun über 1,5 gesicherte Barrel Rohöl pro Aktie. Das sind, umgerechnet auf den Aktienkurs, 0,30 USD pro Barrel. Dies ist eine drastische Unterbewertung. Selbst für rein russische Firmen sind das sehr günstige Verhältnisse. Beispielsweise wird Sibneft bei einem Aktienkurs von derzeit 16 Euro (Frankfurt) mit 0,75 USD pro gesicherten Barrel bewertet (insgesamt 4,6 Milliarden Barrel). Dieser Vergleich ist in dieser Form natürlich nicht zulässig, da Sibneft über eine signifikant höhere Produktion verfügt und profitabel arbeitet, jedoch verdeutlicht diese Gegenüberstellung einen nicht von der Hand zu weisenden wichtigen Tatbestand. Vergleichbarer ist die kanadische Firma Bitech, die in etwa über gleich grosse Reserven wie Teton verfügte. Lukoil zahlte bei der Übernahme von Bitech im Juli 2001, abzüglich der Cash-Bestände, ca. 1,5 USD pro gesicherten Barrel Öl. Da Bitech im Wesentlichen über Lizenzen in Rußland verfügte, ist der Vergleich aussagekräftig.


Zweitens fällt bei der Betrachtung des Aktiencharts sofort die zeitliche Verschiebung des auf die Pressemeldung folgenden Kursanstieges auf. Die Verzögerung von 2 Tagen lässt folgern, dass die Nachricht noch immer nicht vollständig im Markt bekannt ist. Weiterhin dürften einige Stop Buy Orders im Markt gelegen haben. Dies deutet auf eine signifikante Unterstützung der Aktie durch feste Hände hin. Das hohe Handelsvolumen ermöglichte ausserdem den vollständigen Ausstieg eines Großinvestors, der mit Notverkäufen den Kurs bislang unter Druck brachte. Grössere Verkaufsorders sind nun nicht mehr zu erwarten. Weitaus wahrscheinlicher sind hingegen künftige Beteiligungen bis hin zu Übernahmeangeboten.


Drittens ist mit dem gestiegenen Aktienkurs die angekündigte Finanzierung über 12 Millionen US-Dollar in greifbare Nähe gerückt. Die Kapitalerhöhung kann nun zu einem einigermaßen akzeptablen Preis durchgeführt werden und ermöglicht Teton durch neue Bohrungen die entscheidende Ausweitung des operativen Geschäfts.


Aktuell ist die Besetzung eines Vorstandsposten zu vermelden. Teton bleibt seiner Strategie bei der Auswahl erfahrener und verdienter Manager treu. Thomas F. Conroy, ehemals Ernst & Young und zuletzt leitender Direktor bei der ING Group wird neuer Finanzvorstand (CFO) bei Teton.


Fazit: Teton notierte beim Wechsel von der CDNX an die US-amerikanische Nasdaq OTC-BB im November 2001 bei 0,45 USD, der Kurs wurde bei geringem Volumen durch den notgedrungen Ausstieg eines Grossinvestors gedrückt. Inzwischen notiert Teton wieder auf dem gleichen Level, der Firmenwert hat sich jedoch entscheidend erhöht. Es ist mit weiteren Kursteigerungen zu rechnen.

[JosedelaVega]

@ kazman

jetzt sind wir in den USA bei Adair wieder an der 0,025 Dollar-Marke !!

hast du nochmals Pos. aufgebaut ?

josé

[kazman]

Nö ... bin genauso positioniert wie am Anfang.

Komm zur Zeit leider zu nichts .. Auch nicht dazu mal vernüntig zu researchen, ob da was drin sein könnte

Naja - jedenfalls haben wir ja jetzt wieder die Einstiegskurse - und irgendwie scheint mir da was im Busch zu sein.

Als Laie würde ich mal aus dem Bauch heraus behaupten, daß SCORE oder andere feindlich gesinnte Kräfte den Laden runtergeshortet haben
Das scheint jetzt vorbei zu sein

[habkeingeld]

Press Release

SOURCE: Transmeridian Exploration Inc.

Dun & Bradstreet Raises Transmeridian`s Credit Rating

HOUSTON--(BUSINESS WIRE)--June 20, 2002--Transmeridian Exploration Inc. (OTCBB:TMXN - News) announced today that the company`s credit rating
has been upgraded by Dun & Bradstreet. Transmeridian`s rating has been raised to 3A2 rating from a 3A4 rating. Dun & Bradstreet stated that "analysis of the
financial statement supports a higher rating."

Transmeridian Exploration Inc. is an independent oil and gas exploration and production company with several foreign subsidiaries operating primarily in Kazakhstan.
The Company`s headquarters is in Houston, Texas, with operating offices in Aktobe and Almaty Kazakhstan.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and
Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are
cautioned that all forward-looking statements involve risks and uncertainties. Although Transmeridian Exploration Inc. believes that the assumptions underlying the
forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking
statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein,
the inclusion should not be regarded as a representation by Transmeridian or any other person that the objective and plans of Transmeridian will be achieved.

[JosedelaVega]

news bei Teton :

Monday June 24, 8:36 am Eastern Time

Press Release

SOURCE: Teton Petroleum Company

Teton Petroleum President to Present at MIOGE 2002
in Moscow; Announces Appointment of New Director

STEAMBOAT SPRINGS, Colo., June 24 /PRNewswire-FirstCall/ -- Teton Petroleum Company (OTC
Bulletin Board: TTPT, Frankfurt: TP9) announced today that its president, H. Howard Cooper, will present at
the 11th Moscow International Oil and Gas Conference "MIOGE 2002" in Moscow, Russia on June 25.
MIOGE 2002 will be held at the Radisson Slavjanskaya Hotel in Moscow, June 25-26.

Teton today also announced the appointment of James Woodcock to its board of directors. Woodcock is
presently the founder and CEO of Hy-Bon Engineering Company, Midland, Texas. Hy-Bon is an engineering
firm and manufacturer of vapor recovery, gas boosters, and casing pressure reduction systems for the oil
industry. Woodcock is a current board member of Renovar Energy and previous chairman of Transrepublic
Resources.

"MIOGE 2002 is the premier Russian international oil and gas conference and we are thrilled about the
opportunity to speak at the conference. We will discuss Teton`s significant progress in the Russian oil and gas
industry over the past six years," said H. Howard Cooper, president of Teton Petroleum Company.

"We are pleased to announce that we have added Jim Woodcock to our board of directors. Jim brings a wealth
of oil and gas management experience to our board and he will be a valued voice in developing the company`s
future growth," Cooper added.

Teton is an oil and gas exploration and production company which conducts its active business solely through a
50 percent ownership interest in Goltech LLC, a Texas limited liability company, which, in turn, operates
solely through ownership of 70.59 percent interest in Goloil, a Russian closed joint stock company. Goloil owns
the Eguryak license in Western Siberia. According to a reserve audit prepared by Gustavson Associates, Inc.,
the Eguryak license contains 41.96 million barrels of proven reserves net to Teton. Teton`s field production in
Western Siberia has increased to 5,500 barrels of oil per day, net to Teton 1,375 barrels a day. Additional
information about Teton is available at its web site, www.tetonpetroleum.com .

This press release may make forward-looking statements, which are subject to various uncertainties and risks
that could affect their outcome. Factors, which could cause or contribute to differences include, but are not
limited to, economic conditions, product demand and sales, interest rates, foreign currency exchange rates,
competition and competitors` actions, and changes in the petroleum industry. Please refer to the company`s 10-K, 10-Qs and other SEC filings for a
more detailed discussion of the risks. This press release does not constitute an offer to sell or solicitation of an offer to buy Teton Petroleum
securities.

For further information, please contact Greg Powell, General Manager, or Bevo Beaven, Vice President, both of CTA Public Relations,
[phone], for Teton Petroleum Company.

SOURCE: Teton Petroleum Company

[JosedelaVega]

25 Jun 2002, 09:28 AM EDT
Msg. 266 of 266

Teton Petroleum to broaden presence in Russia

The Teton Petroleum Company intends to broaden its presence in Russia, Howard Cooper, president of the company, declared at the Oil and Gas
conference today. He pointed out that the company was looking for partners to jointly participate in development of oil fields in Western Siberia. Teton
has received several proposals from companies developing oil fields in Western Siberia and adjacent regions. Thus, these companies offered Teton to
buy licenses for development of fields that are subject to revocation. They are unable to develop these fields themselves for various reasons.

Cooper added that the company intended to substantially increase the volume of oil production in Western Siberia to 1m barrels this year. Last year the
volume of production reached 420,000 barrels. Teton achieved the production level of 5,000 barrels a day this May. Teton plans to produce oil at 10 oil
wells this year, whereas the development of two of them has been completed as of now.

Teton is producing oil at the Yeguryakskoye oil field near Nizhnevartovsk. The amount of confirmed reserves in that oil field is 84m tons. Investments
in that project have reached $2.75bn since 1998. Teton exports oil to Belarus, Germany and other EU countries.

[JosedelaVega]

Oil Daily Article on Teton

Teton Petroleum Seeks Partner for Proven Play in Western Siberia

June 28, 2002

By Michael Ritchie

Teton Petroleum, a small US producer of Russian crude oil, is looking for a strategic partner to help grow its business and accelerate its drilling
program in its field in Western Siberia.

Teton President and Chairman Howard Cooper told Oil Daily at the close of an international oil and gas conference in Moscow on Thursday that
production at the company`s Egyurak field, which is "about the same size as Manhattan," has risen to 6,000 barrels per day from around 600 b/d at the
beginning of 2001.

Now the company wants to bring on board a strategic partner -- "either an oil company or a financial partner," Cooper says -- to help it meet its goal of
increasing production to a peak of 20,000 b/d by 2006. Teton, based in Steamboat Springs, Colorado, and listed on Nasdaq and the Frankfurt exchange,
is the only publicly traded US corporation with all its assets in Russia, Cooper says.

Teton has proven net reserves of 42 million barrels -- half of the Egyurak field`s 84 million bbl. Cooper says the company is "extremely undervalued. If
you were to buy our stock, it would work out at 30cents-40cents per barrel."

Moscow brokerage CentreInvest Group agrees. "Teton is strongly undervalued based on its reserves and expected cash flows, and has an upside
potential of at least 100% by very conservative estimates," it says, recommending the stock as a "buy."

Cooper believes the cost of oil assets in Russia is absurdly low, at around 50cents/bbl for proven reserves -- "with no drilling risk" -- compared with $5
in the US.

"People still think there`s a big political risk in Russia," he says. "But look around the world, at Nigeria, Venezuela, Colombia, and you`ll see that Russia
is doing very well, and cooperating with the US and Europe."

Teton keeps operating costs low by using Russian workers and equipment, and bringing in Western technology for cementing and completing wells.
Cooper says he is "a big fan" of Russian workers, who can operate in difficult environmental and climatic conditions. "There`s a lot of Western
technology in the area," he says, noting that Egyurak is only 10 miles north of the giant Samotlor field being developed by BP and Tyumen Oil Co.

Set up in 1997, Teton operates through a 50% stake in Texas-based Goltech, which holds a 70.59% interest in Goloil, a Russian closed joint-stock
company that holds a 25-year license to the Egyurak field. The other half of Goltech is held by Russian-owned, Cyprus-based Petromed.

Teton exports its production mainly to Germany, as well as Poland and Belarus, with some sales on the Russian domestic market. If it sells for $22/bbl, it
makes a net profit of $6.59 after all deductions for taxes, transportation tariffs, traders` commissions, and other costs.


josé

[JosedelaVega]

Teton gefällt mir von Tag zu Tag besser

Tuesday July 2, 12:01 am Eastern Time

Press Release

SOURCE: Teton Petroleum Company

Siberian Production Increases to 6,000 Barrels a Day;
Teton Petroleum President to Present At the Investing
in Russia & CIS Conference in London

STEAMBOAT SPRINGS, Colo., July 2 /PRNewswire-FirstCall/ -- Teton Petroleum Company (OTC Bulletin
Board: TTPT, Frankfurt: TP9) announced today that its Siberian production has increased to 6,000 barrels per
day, net to Teton 1,500 barrels per day. Teton`s net production has increased 600% in the last 12 months.

Teton also announced today that its president, H. Howard Cooper, has been invited to present at the 3rd Annual
European Conference Investing in Russia & CIS, on July 9, 2002 at The Savoy Hotel in London; Mr. Cooper
will speak on a panel between 12:00 p.m. and 1:00 p.m.

This annual investor conference is a leading investor forum for Russia featuring high profile representatives
from the financial and corporate sectors. It features up-to-date analysis of political and economic developments
and financial markets, as well as presentations from leading Russian corporations.

"I am excited about the opportunity to share my experiences as an American doing extensive business with the
Russian oil and gas industry over the past six years," said H. Howard Cooper, president of Teton Petroleum
Company. "Hopefully, it will help pave the way for more American companies to successfully tap into the
Russian marketplace and the many business opportunities it offers."

Teton Petroleum is an oil and gas exploration and production company which conducts its active business
solely through a 50 percent ownership interest in Goltech LLC, a Texas limited liability company, which, in
turn, operates solely through ownership of 70.59 percent interest in Goloil, a Russian closed joint stock
company. Goloil owns the Eguryak license in Western Siberia. According to a reserve audit prepared by
Gustavson Associates, Inc., the Eguryak license contains 41.96 million barrels of proven reserves net to Teton.
Teton`s field production in Western Siberia has increased to 6,000 barrels of oil per day, net to Teton 1,500
barrels per day. Additional information about Teton is available at its web site, www.tetonpetroleum.com .

This press release may make forward-looking statements, which are subject to various uncertainties and risks
that could affect their outcome. Factors, which could cause or contribute to differences include, but are not
limited to, economic conditions, product demand and sales, interest rates, foreign currency exchange rates,
competition and competitors` actions, and changes in the petroleum industry. Please refer to the company`s 10-K, 10-Qs and other SEC filings for a
more detailed discussion of the risks. This press release does not constitute an offer to sell or solicitation of an offer to buy Teton Petroleum
securities.

For further information, please contact: USA, Greg Powell, General Manager, [e-mail], or Bevo Beaven, Vice President, both of CTA
Public Relations, [phone]; or CANADA, John Robinson of Current Capital, [phone], [e-mail]; or AUSTRIA,
SWITZERLAND, GERMANY, Rudolf Heinz, (49) 69-970-9130, [e-mail], all for Teton Petroleum Company.

SOURCE: Teton Petroleum Company



josé

[kazman]

Habe Post von SCORE wg. Stimmabgabe bekommen
die geben sich ja wirklich Mühe die Jungs.

Werde also schön brav alles abnicken und SCORE wählen ;-)

Wenn ich die Shares "not physically" halte, dann soll ich meinen Broker kontaktieren, der dann für mich die STimmen abgibt.

Hast Du da Ahnung von JV ?

Soll ich denen faxen ? .. Anrufen ? .. Werden ja kaum wissen, um was es da geht.

[JosedelaVega]

yep so hab ich es erwartet

ÖL nun über 26 bei 26,30 US Dollar


07/12 05:53
IEA Slashes 2002 Oil-Demand Growth Estimate by
40% (Update2)
By Alex Lawler

Paris, July 12 (Bloomberg) -- The International Energy Agency, an adviser to the
U.S. and 25 allies on oil policy, slashed its forecast for growth in demand this
year by 40 percent, saying the economy has yet to recover.

Consumption will rise by 250,000 barrels a day, less than last month`s estimate
of 420,000, the agency said. In its first forecast for 2003, the IEA expected
demand to recover and increase by 1.1 million barrels a day, around the levels of
the 1990s.

The slowdown has left the Organization of Petroleum Exporting Countries with its
lowest output quotas in 11 years. Consumers may spend less after stock
indexes in the U.S. and U.K. plunged to five-year lows this week, hurt by
declining investor confidence after accounting scandals at WorldCom Inc. and
Enron Corp.

``Because of the woes of the stock market, there is an increasing possibility
demand will not be as strong,`` said Lawrence Eagles, an analyst at GNI Ltd. ``It`s
going to be very difficult for OPEC to expand output dramatically.``

Benchmark Brent crude oil recently traded at $26.10 a barrel, up 14 cents or 0.5
percent, on concern that political unrest in Venezuela may disrupt supplies to
the U.S. Oil has gained 31 percent this year, buoyed in part by OPEC`s restraint.

The Paris-based IEA reduced its forecasts for demand in the second half of the
year by 400,000 barrels a day. This year`s gain in consumption, to 76.15 million
barrels a day, is only about a quarter of the average annual increase in the
1990s.

OPEC last month left production targets unchanged for the third quarter while
waiting for signs of a rebound in demand. While OPEC restricts supply, rivals are
boosting output.

Russia

Oil production outside OPEC, representing about two-thirds of the total, will rise
by 1.11 million barrels a day this year, or 6.7 percent more than forecast last
month, and by 700,000 barrels a day in 2003, the IEA said.

Russia, OPEC`s biggest rival, will account for almost half of that increase,
boosting output to an average of 7.62 million barrels a day next year.

In June, world oil production averaged 75.3 million barrels a day, down 650,000
barrels from May, the IEA said. Iraq produced less, reflecting a slowdown in
United Nations-monitored exports, and other OPEC members curbed supply.

The 10 OPEC members with quotas, all except Iraq, produced 22.8 million
barrels a day in June, down 140,000 barrels from May because of declines in
Saudi Arabia and Venezuela. The group cut production four times last year in an
effort to keep oil prices between $22 and $28 a barrel as demand declined.

Inventories of crude oil and refined fuels in member-nations of the Organization for
Economic Cooperation and Development in May rose by 36 million barrels. That
left them equal to 56 days of demand, one day more than at the same time a
year ago.

The energy agency was established in 1974 to represent the interests of
industrialized countries following the Arab oil embargo of the previous year.

[JosedelaVega]

@ kazman

ich hab meine Pos. bei Adair abgebaut.
Mir sind da zu wenig interessant Assets.

Mir gefällt das ÖL-Geschäft im nahen osten einfach nicht.
Unser George wird über kurz oder lang
dort wieder Krieg-spielen müssen ...

Also bau ich lieber bei interessanten Sibirischen
Produzenten Pos. auf


josé

[kazman]

@Jose

Adair ist nicht im mittleren Osten tätig, sondern in Jemen und Californien
Dann machen die glaube ich auch noch in Zuckerplantagen und anderen Kram

ICh bin auch weit davon entfernt die Assets beurteilen zu können, werde aber trotzdem weitere Positionen aufbauen.
SCORE macht mächtig Trubel, und die würden das in dieser Besetzung nicht tun, wenn es da nicht auch Assets gäbe http://www.truthaboutaigi.com
Das sind keine Leute die Ihre Zeit verschwenden.

Ich bin ehrlich gesagt auch überzeugt davon, daß Sie den Laden runtergeshortet haben, um an Stimmanteile zu kommen.

... und haben selbst mir mit meinen lächerlichen Anzahlö von Shares irgendwelchen Kram zugesendet, für den ich kaum die Zeit finde Ihn zu lesen.

Was soll ich sagen .. ich glaub das kann was werden

Die platzen mit Ihren Übernahmeversuch und den ganzen Pressewirbel drumherum mitten in die amerikanische Depression.
Das dürfte zumindest in Texas Wellen schlagen, und der Ölpreis gibt kräftigen Rückenwind

[kazman]

Hmmh

lese gerade, was ich hier geschrieben habe u. bin entsetzt darüber, wie viel Schwachsinn man von sich geben kann ;-)

Also ok .. ich werde mich mal drum kümmern u, versuchen ein bischen mehr über den laden herauszubekommen

[kazman]

@Jose

Bist Du noch in diesen NIZHNEKAMSKNEF ???

Umsatzmaessig ist bei denen ja absolut tote Hose

[JosedelaVega]

hab bei Nizhe meine Pos. zu umger. 2 Euro glattgestellt.

In Moskau konnte man zu umger. 1,30 sich die Stücke reinlegen.

Auch haben mir die letzten Zahlen nicht gefallen.

Nizhe bleibt weiter interessant


josé

[kazman]

SCORE hat gewonnen

http://biz.yahoo.com/prnews/020806/datu049_1.html

[kazman]

Ole

Noch jemand in Adair ?

[Kubanisch_Rauchen]

Teton Petroleum Accelarates Drilling Program in Russia and Announces Appointment of Chief Operating Officer

STEAMBOAT SPRINGS, Colo., Aug 20, 2002 /PRNewswire-FirstCall via COMTEX/ -- Teton Petroleum Company (OTC Bulletin Board: TTPT; Frankfurt: TP9) announced today that it is completing two new wells and commencing with a third well.
"Our field production has increased 600% over the past twelve months to 6,000 barrels a day and this will keep our production targets on track," said H. Howard Cooper, President of Teton Petroleum.

Teton today also announced the appointment of Igor Effimoff as their Chief Operating Officer. Most recently, Mr. Effimoff was President of Pennzoil Caspian Corporation, managing that company`s interests in the Caspian Region. This included the Azerbaijan International Oil Consortium (AIOC), formed to develop the 4.5 BBO Azeri-Chirag-Guneshli (ACG) Fields, offshore Azerbaijan, at a projected cost of $10 billion. He started his career in 1972 as a geologist with Shell and since 1981 has worked with several independent oil and gas companies in a senior management capacity.

"Mr. Effimoff brings a lot to the table," said H. Howard Cooper, President of Teton Petroleum. "He is a seasoned senior manager with some 30 years of experience internationally and in the U.S. He will be instrumental in assisting us with development of our current oil reserves and enabling us to identify new opportunities in the region. Teton`s Board of Directors and I are very pleased to have Igor as a key member of our team."

Teton Petroleum is an oil and gas exploration and production company which conducts its active business solely through a 50 percent ownership interest in Goltech LLC, a Texas limited liability company, which, in turn, operates solely through ownership of 70.59 percent interest in Goloil, a Russian closed joint stock company. Goloil owns the Eguryak license in Western Siberia. According to a reserve audit prepared by Gustavson Associates, Inc., the Eguryak license contains 41.96 million barrels of proven reserves net to Teton. Teton`s field production in Western Siberia has increased to 6,000 barrels of oil per day, net to Teton 1,500 barrels per day. Additional information about Teton is available at its web site, www.tetonpetroleum.com .

This press release may make forward-looking statements, which are subject to various uncertainties and risks that could affect their outcome. Factors, which could cause or contribute to differences include, but are not limited to, economic conditions, product demand and sales, interest rates, foreign currency exchange rates, competition and competitors` actions, and changes in the petroleum industry. Please refer to the company`s 10-K, 10-Qs and other SEC filings for a more detailed discussion of the risks. This press release does not constitute an offer to sell or solicitation of an offer to buy Teton Petroleum securities.

[BSP]

*vwd/PRN: Teton gibt Abschluss der Privatplatzierung von Wandels
*vwd/PRN: Teton gibt Abschluss der Privatplatzierung von
Wandelschuldverschreibungen

Mitteilung uebermittelt von PR Newswire. Fuer den Inhalt ist
allein das berichtende Unternehmen verantwortlich.

und Bezugsrechten in Höhe von 4,4 Mio. US$ bekannt
PR Newswire
Steamboat Springs, Colorado - Wie Teton Petroleum Company (Aktiensymbol
am
OTC Bulletin Board: TTPT, an der Frankfurter Börse: TP9) heute bekannt
gab,
hat die Gesellschaft die Privatplatzierung ihrer 10%-igen
Wandelschuldverschreibungen in Höhe von 4,4 Mio. US$ abgeschlossen.
Diese
Wandelschuldverschreibungen sind in Stammaktien mit Bezugsrecht
wandelbar.
Für die den Wandelschuldverschreibungen und Bezugsrechten zu Grunde
liegenden Stammaktien bestehen keine Eintragungsrechte; auch sind die
Verkaufsrechte im 1. Jahr eingeschränkt. Aus diesem Grund erwartet Teton
keinen Verkaufsdruck auf die Stammaktien der Gesellschaft als Ergebnis
dieser
Finanzierung.

"Die Erlöse aus der Privatplatzierung kommen den Barreserven von Teton
zu Gute und werden uns in die Lage versetzen, unser Bohrprogramm in
Westsibirien weiter zu betreiben", erklärt Howard Cooper, Vorsitzender
von Teton Petroleum. "Wir sind über den Abschluss der Privatplatzierung
sehr erfreut. Dank der aus ihr erzielten Erlöse - zusammen mit den
vorhandenen liquiden Mitteln - können wir unsere Geschäftspläne in
Russland besser verwirklichen."

Teton ist ein Unternehmen, das sich auf die Erschließung und Förderung von
Erdöl- und Erdgas konzentriert. Die Geschäfte erfolgen ausschließlich
durch einen 50%-Anteil an der Goltech LLC, einer GmbH aus Texas, die
ihrerseits ausschließlich durch einen 70,59%-Anteil an Goloil, einer
Closed-Joint-Aktiengesellschaft in Russland, operiert. Goloil besitzt die
Förderlizenz für Eguryak in Westsibirien. Laut einer Reservenprüfung durch
Gustavson Associates, Inc. enthält das lizenzierte Fördergebiet in Eguryak
41,96 Millionen Barrel gesicherter Nettoreserven für Teton. Weitere
Informationen über Teton erhalten Sie auf unserer Website unter
http://www.tetonpetroleum.com/
.

Diese Pressemitteilung enthält möglicherweise zukunftsorientierte Aussagen,
die verschiedenen Unwägbarkeiten und Risiken mit möglichen Auswirkungen
auf
ihr Eintreffen unterliegen. Zu den Faktoren, die zu Abweichungen führen
können, gehören u. a. (aber nicht ausschließlich) wirtschaftliche
Bedingungen, Nachfrage und Vertrieb, Zinssätze, Wechselkurse, die
Wettbewerbssituation, sowie Veränderungen in der Mineralölindustrie.
Einzelheiten zu diesen Risiken werden auf den Formblättern 10-K, und 10-Qs,

sowie sonstigen Akten des Unternehmens bei der SEC aufgeführt. Diese
Pressemitteilung stellt weder ein Verkaufsangebot noch eine Aufforderung
zum
Kauf der Anteile an Teton Petroleum dar.

Website:
http://www.tetonpetroleum.com/

H. Howard Cooper, Vorsitzender der Teton Petroleum Company,
[phone],
[e-mail]
; oder Investor Relations, USA: CTA Public Relations, [phone], oder
[phone], oder
[e-mail]
, oder
[e-mail]
, oder Canada: Current Capital, [phone], oder [phone],
[e-mail]
, oder ÖSTERREICH, Schweiz, Deutschland: Rudolf Heinz, [phone],

[e-mail]

(dank an berta)

[BSP]

yepp

[Kubanisch_Rauchen]

Teton Petroleum to Speak at Harvard University - Dow Jones Russian Investment Symposium



THURSDAY, SEPTEMBER 12, 2002 2:47 PM
- PR Newswire

STEAMBOAT SPRINGS, Colo., Sep 12, 2002 /PRNewswire-FirstCall via COMTEX/ -- Teton Petroleum Company (OTC
Bulletin Board: TTPT; Frankfurt: TP9) today announced that Howard Cooper, President of Teton Petroleum Company, will speak at The 6th Annual US-Russian Investment Symposium organized by Harvard University John F. Kennedy School of Government Belfer Center for Science and International Affairs and Dow Jones ( www.usris.org ). The conference takes place November 14-16 and will be held at the Boston Marriott Copley Place in Boston.

"Teton is honored to be invited to this conference and to represent the US oil industry. Russia is currently the largest oil producer in the world. US-Russia relations continue to improve through trade and Russia`s increased imports of crude oil to the US," stated H. Howard Cooper, president Teton Petroleum.

The US-Russian Investment Symposium is designed to bring together leaders from business, government, academic, and financial worlds to discuss ways in which to further the economic relationships between the United States and Russia by encouraging mutual investment and trade.

Teton is an oil and gas exploration and production company which conducts its active business solely through a 50 percent ownership interest in Goltech LLC, a Texas limited liability company, which, in turn, operates solely through ownership of 70.59 percent interest in Goloil, a Russian closed joint stock company. Goloil owns the Eguryak license in Western Siberia. The Siberian production has increased to 6,000 barrels per day, net to Teton 1,500 barrels per day. Teton`s net production has increased 600% in the last 12 months. Additional information about Teton is available at its website, www.tetonpetroleum.com .

This press release may make forward-looking statements, which are subject to various uncertainties and risks that could affect their outcome. Factors, which could cause or contribute to differences include, but are not limited to, economic conditions, product demand and sales, interest rates, foreign currency exchange rates, competition and competitors` actions, and changes in the petroleum industry. Please refer to the company`s 10-K, 10-Qs and other SEC filings for a more detailed discussion of the risks. This press release does not constitute an offer to sell or solicitation of an offer to buy Teton Petroleum securities.

MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X58819688



SOURCE Teton Petroleum Company

H. Howard Cooper, President of Teton Petroleum Company,
[phone], [e-mail]; or Investor Relations, USA: CTA
Public Relations, [phone], [phone], [e-mail], or
[e-mail]; or CANADA: Current Capital, [phone],
[phone], [e-mail]; or AUSTRIA, SWITZERLAND, GERMANY:
Rudolf Heinz, +(49) 69-970-9130, [e-mail], all for
Teton Petroleum Company



http://www.usris.org



Wenigstens gibt es hier Neuigkeiten

[JosedelaVega]

zwar NEWS aber der Kursverlauf enttäuscht. Während die Russen-ÖLIS nach oben durchgestartet sind ( Tatnft z.B. ) liegt unser kleiner Russen Öli am Boden.

Mr. Cooper ....

tsss...


josé

[BSP]

ja, news sind genug da...
mal sehen, was die konferenz im november
so bringt

kurs fse akt. 0,31 bei minimalumsätzen

[JosedelaVega]

na unsere Teton läuft wieder nach oben

josé

[Kubanisch_Rauchen]

Gut aufpassen sag ich nur

[BSP]

jose oder kb :

wer von euch kauft die stücke ??

um sie dann wieder zu schmeissen !!??

so wars zumindest von 0,26 - 0,32

ist ja die letzten tage ein "riesenumsatz" , wenn man
mal so die letzten wochen schaut.
kommt wohl doch ein bischen bewegung rein, oder ??

gruss

[Kubanisch_Rauchen]

Stimmt, habe den Eindruck, dass sich etwas tut im Staate Dänemark, positiv

[BSP]

so gab mal wieder ne mail, aber nix super neues
kurs fällt unter mini-umsätzen

[JosedelaVega]

was für eine Mail ?

lass mal hören

josé

[BSP]

CCNEWS: Teton Petroleum to Complete Processing Facility, Cut Operating Costs
and Names New Advisory Committee

Datum:
9 Oct 2002 20:11:49 -0000

[JosedelaVega]

yep - die kenn ich bereits
trotzdem danke

die kursentwicklung kann nicht gefallen

josé

[BSP]

Teton Petroleum to Complete Processing Facility, Cut Operating Costs and Names New Advisory Committee


NEWS RELEASE:

STEAMBOAT SPRINGS, Colo., October 8, 2002 -- Teton Petroleum Company (OTC Bulletin Board: TTPT; Frankfurt: TP9) announced today it will complete a field processing facility in the fourth quarter of this year. Currently Goloil, the Russian Company that Teton partially owns, pays approximately a $1.00 a barrel to process its oil. By completing the processing facility, Goloil will be able to save, based on its current production of 6,500 barrels a day, in excess of $1 million per calendar year.


"Teton is completely satisfied with the progress Goloil has made with the day to day operations of the field development," said H. Howard Cooper, president of Teton Petroleum. "With the completion of our new processing facility in Western Siberia we will cut our operating costs by approximately 5% per year and improve our profitability."

Further, Teton announced that it has named an advisory committee to assist its board of directors. The three-member advisory committee brings together seasoned experts in overseas oil and gas operations and in Russian energy sector investments.

The three members of the advisory committee are John C. Dorn, former vice president with Forest Oil Corporation, Gerhard Jansen, former vice president with Occidental Petroleum and John Haskell, CEO of the Vostock Fund.

"Our board of directors is pleased to add these very experienced experts in Russian business and overseas oil and gas operations to assist the company in evaluating key growth decisions," continued Mr. Cooper. "As we increase production from our field in western Siberia, the committee will counsel the board and senior management team in evaluating new opportunities to expand our drilling program and acquire additional assets."

John C. Dorn was with the Forest Oil Corporation for over 40 years where he served at various levels of corporate management in exploration and development until his retirement in 1991. He was a vice president and a member of the board of directors of Forest Oil. Dorn has considerable experience in both domestic and international drilling and exploration.

Gerhard Jansen is a seasoned geologist and spent over thirty years in the oil industry, most of it overseas. He has extensive experience as a general manager of overseas exploration and production operations, primarily with Occidental Petroleum.

John Haskell is the CEO of Vostok Fund L.P., a Connecticut limited partnership investing exclusively in Russia. The Fund has been operating in Russia since 1997. Mr. Haskell lived in Moscow from 1996 to spring of 2002 and currently manages the fund from Houston. Approximately 50% of the Fund`s investments are in the oil sector. VFLP currently has $7 million under management. In 2000 the Fund was up 14%, up 23% in 2001 and is up 16% year to date.

Teton Petroleum is an oil and gas exploration and production company, which conducts its active business solely through Goltech LLC, a Texas limited liability company, which, in turn, operates solely through its ownership interest in Goloil, a Russian closed joint stock company. Goloil owns the Eguryak license in Western Siberia. According to a reserve audit prepared by Gustavson Associates, Inc., the Eguryak license contains 41.96 million barrels of proven reserves net to Teton Teton`s field production in Western Siberia has increased to 6,500 barrels of oil per day, net to Teton 1,625 barrels per day. Additional information about Teton is available at its web site, www.tetonpetroleum.com .

This press release may make forward-looking statements, which are subject to various uncertainties and risks that could affect their outcome. Factors, which could cause or contribute to differences include, but are not limited to, economic conditions, product demand and sales, interest rates, foreign currency exchange rates, competition and competitors` actions, and changes in the petroleum industry. Please refer to the company`s 10-K, 10-Qs and other SEC filings for a more detailed discussion of the risks. This press release does not constitute an offer to sell or solicitation of an offer to buy Teton Petroleum securities.



For more information, Contact:
[IMAGE]
Current Capital Corp.
47 Avenue Rd., Suite 200
Toronto, Ontario
CANADA M5R 2G3
1-877-859-5200 | T. 416-860-0211 | F. 416-361-6228

Comments or Content? We are interested in hearing from you! Please send relevant information to [e-mail]


DISCLAIMER:


CURRENT CAPITAL NEWS is an electronic publication providing information on selected publicly traded micro-cap companies. CURRENT CAPITAL CORP., its representatives, agents, employees or consultants are not brokers or investment counselors and are not providing investment advice. The discussions, descriptions or profiles contained herein are neither offers to buy or sell any of the mentioned securities.

The information about the selected companies may contain forward-looking statements and may change without notice, and while we believe the information we present is accurate and reliable, we do not represent or guarantee the accuracy of the information or statements made thereof. Readers are responsible for verifying all claims and conducting their own due diligence before investing in any of the securities mentioned. Security investments are speculative and carry a high degree of risk.





[IMAGE]


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[BSP]

@ Jose

ich denke mal, der kurs wird in der nächsten zeit schwächer
sein, vieleicht eine gute gelegenheit für eine kleinen
long-einstieg !

mal sehen, in fse kann man den kurs ja wohl kaum als maßstab
nehmen, da der kurs ja an der otc gemacht wird

bin noch nicht in tp9 drin, warte noch ab, werde aber schwächen
mit limit 0,20 - 0,25 nutzen

gruss

[BSP]

heute war auch der 6.000er käufer wieder da
einer von euch ??

gruss

bsp

[BSP]

Posting 200 !!!!!!!!!!

reingelegt

[JosedelaVega]

Teton Petroleum expects 2002 annual revenues to more than triple to $6 million; share-buying program by senior management and directors announced


Oct 15, 2002 (PR Newswire Europe via COMTEX) -- Steamboat Springs, Colorado --
Teton Petroleum (OTC Bulletin Board: TTPT; Frankfurt: TP9) anticipating higher
oil and gas production from its operations in Russia, expects to report revenues
exceeding $6 million for the calendar year ending December 31, 2002, more than
triple last years revenues of $1.6 million. Additionally, Teton Petroleum is
forecasting its 2003 annual reported revenues to exceed $9.5 million based on
current production levels of 1,625 barrels per day net to Teton. Production
levels may exceed the forecasted 1,625 barrels per day in 2003 since the company
is currently completing one well and will drill three new wells by the first
quarter of 2003.

At a meeting earlier this week, the Teton Board passed a strongly worded
resolution that states in part: "Based on production, revenues, proven reserves
and almost every other standard measure of company valuation, we believe Teton
stock is highly undervalued. We will take active steps to address this issue":

(1) Open market purchases of Teton stock by Directors and Executive officers.

(2) A vigorous North American and European investor relations program to
increase awareness of the Teton story and results to the investment community.

"These initial steps that we are taking today underscore our belief in the
strong fundamentals of Teton Petroleum, despite the current stock market
environment," said Jim Woodcock, an Outside Director of Teton. "We are taking
these and other steps to ensure that value is maintained for our shareholders."

"The Teton Board is particularly interested in taking advantage of the fact that
the political and commercial risks are decreasing in Russia. In addition,
Teton`s 41 million barrels of proven reserves, at today`s market capitalization,
reflects a severely discounted value of only $0.30 -- $0.40 per proven barrel.
Russian proven reserves are currently valued at approximately $1.50 to $2.00 per
barrel, while in the United States proven reserves are generally valued between
$4.00 to $6.00 a barrel," continued Woodcock.

"In addition to the reserve valuation issue, we also increased our field
production rate 600% over the past year," said Howard Cooper, President and CEO
of Teton. "The Teton Board s unanimous in its decisions and actions directed at
ensuring that the company`s shares become fully valued in the current economic
environment."

Teton Petroleum is an independent oil and gas exploration and production
company, with its principal operations in Russia. Additional information about
Teton is available at its web site, http://www.tetonpetroleum.com/ .

This press release may make forward-looking statements, which are subject to
various uncertainties and risks that could affect their outcome. Factors, which
could cause or contribute to differences include, but are not limited to,
economic conditions, product demand and sales, interest rates, foreign currency
exchange rates, competition and competitors` actions, and changes in the
petroleum industry. Please refer to the company`s 10-K, 10-Qs and other SEC
filings for a more detailed discussion of the risks. This press release does not
constitute an offer to sell or solicitation of an offer to buy Teton Petroleum
securities.

For further information, please contact: USA, Greg Powell, General Manager,
[e-mail], or Bevo Beaven, Vice President, both of CTA Public Relations,
[phone]; or CANADA, John Robinson of Current Capital, [phone],
[e-mail], all for Teton Petroleum; or H. Howard Cooper, President
of Teton Petroleum, [phone], [e-mail].



CONTACT: CONTACT: USA, Greg Powell, General Manager, [e-mail], or Bevo Beaven, Vice

President, both of CTA Public Relations, [phone]; or CANADA, John

Robinson of Current Capital, [phone], [e-mail], all for

Teton Petroleum; or H. Howard Cooper, President of Teton Petroleum,

[phone], [e-mail] Web site:

http://www.tetonpetroleum.com/

[JosedelaVega]

aktuell + 32 %

josé

[BSP]

Tag auch !

endlich mal ne Meldung, die was bringen könnte !

bsp

[BSP]

rein rechnerisch ja, nur sind die Zahlen
doch schon lange bekannt.
(bestätigte Reserven/Erhöhung der Fördermenge etc)
Der Kurs hat aber darauf nicht reagiert, und wenn,
dann nur kurz.
Ich verspreche mir von der anstehenden Konferenz, auf
der der Teton-CEO einen Vortrag halten wird einen Kursschub,
zumal auch folgende Personen ins board of directors aufgenommen
wurden :

++++++++++++++++++++++++



John C. Dorn was with the Forest Oil Corporation for over 40 years where he served at various levels of corporate management in
exploration and development until his retirement in 1991. He was a vice president and a member of the board of directors of Forest
Oil. Dorn has considerable experience in both domestic and international drilling and exploration.

Gerhard Jansen is a seasoned geologist and spent over thirty years in the oil industry, most of it overseas. He has extensive
experience as a general manager of overseas exploration and production operations, primarily with Occidental Petroleum.

John Haskell is the CEO of Vostok Fund L.P., a Connecticut limited partnership investing exclusively in Russia. The Fund has been
operating in Russia since 1997. Mr. Haskell lived in Moscow from 1996 to spring of 2002 and currently manages the fund from
Houston. Approximately 50% of the Fund`s investments are in the oil sector. VFLP currently has $7 million under management. In
2000 the Fund was up 14%, up 23% in 2001 and is up 16% year to date.


++++++++++++++++++++++++

Man achte auf den Vostok Fund, der mir zwar nicht bekannt ist, aber nunmehr
ja bestimmt investiert ist und die Investition im Auge behalten will und einen
Mehrwert für die Klienten erzielen will/muss.

schaun mer mal

bsp


bsp

[BSP]

ups - falscher thread , betrifft aber tp9

[JosedelaVega]

gestern über die 0,40 Dollar - Schluss bei 0,415 US Dollar

neuer 16 seitiger Research-Bericht zu TETON


http://www.taglichbrothers.com/equityuniverse/companies/teto…


josé

[BSP]

tag auch ! gibts was neues ?

bsp

[BSP]

[BSP]

ist ja sehr ruhig geworden hier

[Kubanisch_Rauchen]

Stimmt! Dennoch habe ich mich ganz gut eingedeckt

Zur Zeit wir gut gearbeitet!

Hast Du neues vom I-Mann erfahren??? Wenn ja, dann BM, ansonsten habe ich noch was!

KR

[farang777]

dank an ajootian vom ragingbull-board. den bericht findet ihr unter den security filings. bitte beachtet, dass die finance cost und g+a cost auch zusammen den u.erwähnten betrag ergeben könnten. das ist nicht gerade eindeutig geschrieben. aber es klingt nach wie vor spannend.

hier noch der abschnitt
The Company anticipates a loss of over $7,000,000 for the nine-months ended
September 30, 2002, resulting from approximately $5,400,000 of financing
charges associated with warrants and the conversion feature on convertible
debentures issued and increased general and administrative expenses.


gruß
farang


It was great to meet Howard and to see the Energy discussion. Other than a 5-minute pitch each person had at the beginning to discuss their own companies, most of the discussion was about the Russian oil industry in general.

Howard mentioned OPIC in his talk as a great help to US companies operating abroad. I had totally mixed up what this agency is. Its name is actually the Overseas Private Investments Corporation, and it is a US gov`t agency, with $4 billion in reserves and backed by the full faith & credit of Uncle Sam. See more info on this agency at http://www.opic.gov/. OPIC not only guarantees loans but it also provides political risk insurance.

From here on I`m going to be saying certain "forward looking statements", which are going to be a conglomeration of:

1) Statements made by Howard
2) Statements made by others at the Teton booth at the Symposium.
3) Intelligent guesses on my part.
4) Pure, wild conjecture on my part.

I will make no attempt to distinguish any of the following between any of the above. This is partly from laziness and partly to protect the innocent. It will thus be up to the reader to make up his own mind what action (if any) he may wish to take as a result of my comments.

First, let`s deal with old business, 3Q. In the handout they had available at the booth they had a sheet with Corporate Milestones, the last one of which is that they have produced 318 mbo so far this year. Since they produced 150 mbo through June that would mean that they produced 168 mbo for 3Q. But something doesn`t sound right since that would mean they produced 1,828 bopd for 3Q, which, if you believe their PR`s, is impossible since they peaked at 1,625 bopd in September (at least per the PR`s). So I guess we gotta wait a few more days for the 10QSB to solve this mystery.

Regarding the info in the extension filed on Friday, this is phenomenally great news, and shows that they have now reached breakeven. Total loss thru 6/02, $5.8 M, compared to loss thru 9/02, $7 M, equals total loss for 3Q, $1.2 M. Now we need to back out finance charges for 3Q. total finance charges YTD 3Q, $5.4 M, less total finance chgs. YTD 2Q, $4 M, means finance charges for 3Q were $1.4 M. So if you add back finance charges of 1.4 M to the total loss of 1.2 M for the quarter, whadya get? (....Schweinehaxen, R U paying attention here???). YOU GET A POSITIVE NUMBER, DAMMIT!!!

This is truly mindboggling, and was not called for in the script at all. The whole idea of this first project for Teton was not to actually make any money, at least not for the first coupla years. They knew that with the onerous terms of their production payment (i.e., 50% of production), together with the need for an extensive amount of funds for a hype campaign, it would be unrealistic to expect this company to reach breakeven until maybe late `03 at the earliest. These first few years they only wanted to "prove out the concept" so they could get the stock price up, and then go out and raise more money to drill out the rest of the field and then get other fields to develop.

And little ol` Teton overcomes all these hurdles and reaches breakeven now!! This is gonna send all the analysts back to the drawing board to totally redo their models.

One of those guys added to the Supervisory Board was a guy from an investment fund was a manager of the Vostok fund. Maybe his fund has made a signficant investment in the company in this latest financing round.

I believe they have raised another $2 - 2.5 M since the last 10QSB. I believe one of the prerequisites made by one or more of the investors was that the company file for a listing on the AMEX coincident with their investing in the company. I`m not sure that TTPT meets the $4 M stockholder`s equity requirement but maybe they got it waived. That is the only way I can see one of these funds agreeing to buy in to a bulletin board company.

I believe Teton will have 2 - 3 more analysts initiate coverage of the company in the next coupla months.

I believe Teton will declare a massive reverse split of its stock sometime in the next few months. If they are smart they will do it without any mention of the planned AMEX listing. This would serve to flush out all the weak holders as the stock price collapses and would allow the institutions to snap up cheap stock.

At the same time as all this is going on, they will be announcing the results of the latest round of wells that are currently drilling. By January they should have a total of 16 wells producing.

Sometime in 1Q Teton should get listed on the AMEX. Shortly thereafter, they should announce their `02 year-end reserves. I am calling for proved reserves of 50-60 mmbo.

Shortly after the above, I would expect an announcement that TTPT has received political risk insurance from OPIC. This would represent a watershed event in that it would open the door to an unlimited amount of institutional money, which otherwise has a policy of not investing overseas unless the political risks are insured against.

In late March, Teton will put out their 10K, in which they announce a truly blowout 4th quarter (profits of at least $1 M).

In 2Q, Teton will announce that they have received an OPIC-guaranteed loan in the total amoount of something north of $10 M, maybe even $20 M, with an initial borrowing base of, say, $3 M, with scheduled quarterly increases based on increases to cash flow. This would allow them to drill out the rest of the Egyurak field without having to use any more of their own money.

At the conclusion of the above, I believe TTPT`s stock price will be well in excess of $1 (split-adjusted).

Well boys & girls, there you have it. I am very busy these days so my ability to post much will be very limited. Sorry if that means that many of your good questions will have to go unanswered.

[JosedelaVega]

@ Kubanisch-Rauchen

was hälst Du hiervon ?


10QSB: TETON PETROLEUM CO

(EDGAR Online via COMTEX) -- Item 2. MANAGEMENT`S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
Results of Operations

Three Months Ended September 30, 2002 compared to September 30, 2001

The Company had revenues from oil and gas production of $2,204,613 for the three months ended September 30, 2002 as compared to $401,790 for the three months ended September 30, 2001. The change in sales is related to the increase in production from 32,800 bbls to 137,500 bbls, net to Teton. The increase in production is due primarily to greater production, and to a lesser extent, the fact that our pipeline was operational in 2002 and not in 2001, which restricted shipments in 2001. The increase in production is due primarily to greater production from additional wells. The number of producing wells increased from 4 to 12 as a result of our more aggressive drilling program and an increase in our and our partner`s capital investments in the field. Average price per bbl. increased from $12.36 to $16.03 from 2001 to 2002, as a result of an average increase in oil prices compared to the same period in the prior year.

Cost of oil and gas production increased to $2,321,285 for the three months ended September 30, 2002 from $225,302 for the three months ended September 30, 2001 due to the Company`s increased production capacities. The average cost per bbl. increased from an average of $6.86 per bbl. to $16.88 per bbl. due to the Company bearing all of the lifting costs including those on the Company`s share of approximately 137,500 bbls which were sold by Goloil, with the proceeds transmitted as a production payment to an affiliate of our Russian partner, who drilled four wells and completed the pipeline in 2001 at no cost to Teton in exchange for the production payment.

On a per bbl basis the Company costs per bbl. increased due to additional infrastructure costs to support the additional production, an increase in the Russian extraction tax, which is indexed to the world price of URALS blend oil and is charged on both domestic and export sales where the domestic oil price did not increase proportionately, and the restructuring of the production payment from a payment in kind to a payment as a percentage of revenues from both domestic and export sales, effective April 1, 2002. The production payment restructuring can result in a positive or negative impact to the payment amount, depending on the relative values of the prices of domestic and export oil. The impact for the three months ended September 30, 2002 was an increase in Teton`s cost of approximately $496,000. This restructuring change has yet to be approved by Teton, and discussions with Goloil management and the Russian partner regarding the change have been initiated in conjunction with all of the contract renegotiations discussed in the last paragraph below.

General and administrative expenses of $588,152 were incurred for the three months ended September 30, 2002 as compared to $393,394 for the three months ended September 30, 2001. The increase of general and administrative expenses of $194,758 reflects an increase in consulting costs of approximately $150,000 as a result of additional oil and gas consultants used to assist with Company`s Russian operations and financial consultants involved in creating additional market awareness of the Company as well as identifying additional sources for future capital raising. Of the consulting costs incurred $74,000 were non-cash compared to $0 for the prior period. Increases in travel and entertainment of approximately $100,000 due to increased travel and international trips, offset by a decrease in legal and accounting costs of approximately $74,000.

Interest expense for the three months ended September 30, 2002 was $52,675 as compared to $36,231 for the three months ended September 30, 2001. This increase is due to the increase in loans from affiliate to finance further oil field development in Russia which was partially offset be a decrease in interest rates on the affiliate debt of Goloil of approximately 2%. Additional interest was also incurred on convertible debentures which were outstanding for part of the period in 2002 compared to no debentures outstanding during 2001.

The Company also incurred financing costs of $1,390,951 during the three months ended September 30, 2002 for the amortization of discount related to warrants issued in connection with certain related party notes payable of approximately $100,000 (non-cash), amortization of the discount on warrants issued with the convertible debentures of approximately $81,000 (non-cash) and in-the-money conversion feature discounts of approximately $754,000 (non-cash) immediately recognized, and $456,000 of expenses paid related to the 10% premium paid in common stock upon the conversion of the debentures on September 1, 2002. While the stock to which the conversion rights and warrants apply is restricted stock, the valuation with respect to this stock in calculating the discount was "as if" the stock was immediately salable. The effect of this is to make the amount of discount and its related amortization higher than it would otherwise have been. Management believes these costs are non-recurring and will manage future capital raising programs to minimize or eliminate these costs.

The company reported a loss of $2,216,169 or $(0.07) per share, however, excluding non-cash financing charges of approximately $1,391,000, the Company`s loss would be adjusted to approximately $825,000 or $(.03) per share.

Nine Months Ended September 30, 2002 compared to September 30, 2001

The Company had revenues from oil and gas production of $4,305,274 for the nine months ended September 30, 2002 as compared to $1,116,664 for the nine months ended September 30, 2001. The change in sales is related to the increase in production from 58,500 bbls to 298,000 bbls, net to Teton. The increase in production is due primarily to greater production, and to a lesser extent, the fact that our pipeline was operational in 2002 and not in 2001, which restricted shipments in 2001. Average price per bbl. decreased from $19.11 to $14.45 from 2001 to 2002, as a result of the mix in oil sales, which in 2002 included export sales of approximately 37% with a higher average price per bbl. compared to 56% export sales in 2001.

Cost of oil and gas production increased to $3,978,242 for the nine months ended September 30, 2002 from $515,531 for the nine months ended September 30, 2001 due to the Company`s increased production capacities.

The average cost per bbl. increased from an average of $8.82 per bbl. to $13.35 per bbl. due to the Company bearing all of the lifting costs including those on the Company`s share of approximately 282,000 bbls in 2002 compared to 32,800 bbls in 2001, which were sold by Goloil, with the proceeds transmitted as a production payment to an affiliate of our Russian partner, who drilled four wells and completed the pipeline in 2001 at no cost to Teton in exchange for the production payment.

On a per bbl basis the Company costs per bbl. increased due to additional infrastructure costs to support the additional production, an increase in the Russian extraction tax, which is indexed to the world price of URALS blend oil and is charged on both domestic and export sales where the domestic oil price did not increase proportionately and the restructuring of the production payment from a payment in kind to a payment as a percentage of revenues from both domestic and export sales, effective April 1, 2002. The production payment restructuring can result in a positive or negative impact to the payment amount, depending on the relative values of the prices of domestic and export oil. The impact for the nine months ended September 30, 2002 was an increase in Teton`s cost of approximately $789,000. This restructuring change has yet to be - approved by Teton, and discussions with Goloil management and the Russian partner regarding the change have been initiated in conjunction with all of the contract renegotiations discussed in the last paragraph below.

General and administrative expenses of $2,333,677 were incurred for the nine months ended September 30, 2002 as compared to $1,170,899 for the nine months ended September 30, 2001. The increase of general and administrative expenses of $1,162,778 reflects an increase in consulting costs of approximately $738,000 as a result of additional oil and gas consultants used to assist with Company`s Russian operations and financial consultants involved in creating additional market awareness of the Company as well as identifying additional sources for future capital raising. Of the consulting costs incurred $226,000 were non-cash compared to $16,500 for the prior period. Increases in legal and accounting costs of approximately $60,000 related to increased general corporate activity and the private placement of convertible debentures, marketing costs of approximately $200,000 due to increased public relations, travel and entertainment of approximately $150,000 due to increased travel and international trips, and increased overhead of Goloil of approximately $200,000 due to the increase in operations and production volume. These increases were offset by a decrease in officer compensation of approximately $75,000.

Interest expense for the nine months ended September 30, 2002 was $386,176 as compared to $135,381 for the nine months ended September 30, 2001. This increase is due to the increase in loans from affiliate to finance further oil field development in Russia which was partially offset be an average decrease in rates on these advances of 2%, additional interest on higher balances of notes payable outstanding in 2002 and convertible debentures outstanding in 2002 which were not present in 2001.

Other income decreased due to approximately $50,000 being received for oil processing reimbursement in 2001, which did not occur in 2002.

The Company also incurred financing costs of $5,444,901 during the nine months ended September 30, 2002 for the amortization of discount related to warrants issued in connection with certain related party notes payable of $304,000 (non-cash), amortization of the discount on warrants issued with the convertible debentures and in-the-money conversion feature discounts of $4,558,000 (non-cash) immediately recognized, and $467,000 of expenses paid related to the 10% premium paid in common stock upon the conversion of the debentures on September 1, 2002. The remainder of these costs were expenses paid related to a debenture purchase agreement with a potential investor that was not consummated. While the stock to which the conversion rights and warrants apply is restricted stock, the valuation with respect to this stock in calculating the discount was "as if" the stock was immediately salable. The effect of this is to make the amount of discount and its related amortization higher than it would otherwise have been. Management believes these costs are non-recurring and will manage future capital raising programs to minimize or eliminate these costs.

The company reported a loss of $7,927,782 or $(.26) per share, however, excluding non-cash financing charges of approximately $5,328,000, the Company`s loss would be adjusted to approximately $2,600,000 or $(.09) per share.

Liquidity and Capital Resources

The Company has cash balances of $ 421,566 at September 30, 2002, with a working capital deficit of $870,936. Cash used from operations totaled $3,337,822, with non-cash adjustments to cash used in operations including depreciation and depletion of $149,806, $225,540 of stock issued for services and debentures and warrants issued for services recognized in the current period, and amortization of discounts on notes payable and debentures and other financing charges of $5,327,989.

The Company used $2,593,207 of cash in investing activities, which was all associated with oil and gas property and equipment expenditures. The Company also financed capital expenditures on oil and gas properties of approximately $515,000 through accounts payable. The Company financed the cash portion of capital expenditures through advances from affiliates and proceeds from convertible debentures. The Company continues to expect significant additional investments to be made in the future to drill and develop additional producing wells.

The Company had cash provided by financing activities of $6,280,093, which consisted of proceeds received from debentures, stock issuances and notes payable from shareholders of $5,136,148 and note payable advances from affiliates of $1,740,155, which were partially offset by payment on notes payable of $594,210. The cash received through financing activities allowed the Company to pay down accounts payable existing accounts payable balances in both the U.S. and Russia.

The Company anticipates future operations and significant oil and gas property expenditures will be able to be funded through a combination of note payable advances from an affiliate, cash raised from raising debt and equity financing and production of oil and gas reserves. There can be no assurance the Company will be able to fund its share of cash calls for capital expenditures to further develop the Goloil license area as well as potential development of other license areas. Should the Company be unable to remain current on its share of capital expenditure cash calls, Teton`s portion of future revenues could be reduced.

The Company anticipates obtaining 100% control over its subsidiary Goltech Petroleum, with the other owner exchanging its interest for direct ownership in Goloil. Contract renegotiations and restructuring are not complete. The Company does not anticipate that this change in ownership structure will impact Goloil`s operations in the immediate future.




josé

[Kubanisch_Rauchen]

Ich würde sagen:

Förderung knapp verfünffacht


Das andere wird schon

KR

[JosedelaVega]

sehe ich eigentl. genauso
ist fast schon zum .... was in den USA für ein Heckmeck gemacht wird.

Nur eine Frage :
wesshalb sind die prod. Kosten per barrel auf 16 Dollar hochgeschnellt - hier ist doch sicherlich der Aufbau der 8 weiteren well mit drin ????


josé

[Kubanisch_Rauchen]

Bestimmt!

Ich denke wir werden bis zum Frühjahr 2003 noch einiges sehen.
Wir dürfen nicht vergessen, im Winter können die Kompressionspumpen, die Wasser in die Bohrlöcher pumpen mit vollster Kraft dann 24 h arbeiten, da genügend Kühlung vorhanden ist

[mn00]

Das geht doch schon immer 24 Stunden?-oder hab`ich was verpasst.Problem bleibt trotzdem.Man kann rechnen was man will, die Zahlen sind nicht kompatibel.
Cooper sagte, alles über 9 USD sei Verdienst.Dann rechne ich die Barrel /day, die TP9 % und was kommt raus:Etwas anderes als im 10Q...
Ich kanns nicht erklären, bin aber dennoch mit ein paar Shares drin.
Cooper macht mir im Moment zu viele PR`s mit zu hohen Zahlen.Naja, er hat ja ein Vorbild, der hat das ohne
Förderung auch jahrelang hochgerechnet.......

[Kubanisch_Rauchen]

Die pumpen sonst auch schon immer 24 Stunden, nur, jetzt brauchen die Kompressoren nicht mehr aufwändig gekühlt zu werden
Die Quote dürfte jetzt von im Sommer 55% auf 100% geklettert sein. Nicht vergessen, im Sommer hat man dort Temperaturen von gut 40°C, aber im Winter eben genau umgekehrt

Und das freut die Hochdruckkompressoren

[farang777]

hi all!

ich habe mich am letzten wochenende nach den quartalszahlen nochmal eingehend mit teton befasst. seit frühjahr bin ich in dem wert und nach wie vor von ihm überzeugt.

meine schlüsse habe ich zusammengetragen und sarge zur veröffentlichung gegeben. zu lesen bei:

http://www.zeke.de/emboerse/

diskussion gerne, am liebsten dort.

gruß
farang

[JosedelaVega]

Teton Petroleum Expects 2003 Revenues to Rise Substantially Due to Successful Negotiation Increasing its Export Quota

einmal 2 Fragen:

hat sich von Euch jemand schon etwas genauer die letzten Facts betrachtet ?

- zu welchem Kurs wurde die neuerliche Kapitalerhöhung durchgeführt ?? ( muss zugeben hatte bisher keine Zeit es schnell auszurechnen - hat doch bestimmt jemand von euch bereits berechnet
- wesshalb hatten wir im letzten Quart. fast 17 Dollar Produktionskosten !! ???
Wir wollten doch unter 10 BLEIBEN ....

hmm....


also dann stelle ich einmal noch die aktuellsten Meldungen hier einmal rein.




December 05, 2002 06:30:00 (ET)


STEAMBOAT SPRINGS, Colo., Dec 5, 2002 /PRNewswire-FirstCall via COMTEX/ -- Teton Petroleum Company (OTC Bulletin Board: TTPT; Frankfurt: TP9) announced the Company has successfully negotiated with its joint venture partner to substantially increase Teton`s share of the export quota in 2003. Based on current production and the current drilling program, Teton will have sales revenue of more then $12 million in 2003.

The increased revenues are direct results of Teton doubling the amount of oil it exports from Russia to Western Europe. This will enable the company to increase its current projected 2002 revenue of $6 million to over $12 million in 2003. This projection is based on average oil price of $20 per barrel.

"We are pleased with the progress of Teton in Russia. As a small independent, we are able to continue to improve our financial results due to the improved investment climate in Russia and to the continued support of our Russian partners", said H. Howard Cooper, President and CEO of Teton.

Teton Petroleum is an independent oil and gas exploration and production company, with its principal operations in Russia. Additional information about Teton is available at its web site, www.tetonpetroleum.com .




Teton Petroleum Raises $2.5 Million Private Placement With Significant Institutional Participation; Russian Oil Revenues Increase Dramatically in the Third Quarter

December 03, 2002 06:38:00 (ET)


STEAMBOAT SPRINGS, Colo., Dec 3, 2002 /PRNewswire-FirstCall via COMTEX/ -- Teton Petroleum Company (OTC Bulletin Board: TTPT, Frankfurt: TP9) announced the Company has raised $2,500,000 from a private placement of its common shares. The investment in Teton was led by Global Undervalued Securities Master Fund LP, of Fort Worth, TX, and also included several other institutional investment sources, including the Arlington Group PLC, and Lion Resource Management, based in London, England. In addition, the Company converted $4.4 million in convertible debentures, which now makes Teton debt free.

"The recent private placement in Teton provides working capital, which will be used to drill more wells in 2003 and increase its production in Russia. The increased production will enable the company to increase its sales revenue substantially from the additional oil produced," said Tom Conroy, CFO of Teton. The current amount of shares outstanding, including the conversion of debentures and the private placement, are 58.55 million shares.

The Company announced its results for the third quarter and nine months ended September 30, 2002. Revenues for the third quarter of 2002 increased to a record $2.2 million compared to the third quarter 2001 revenues of $402,000. For the past nine months revenues increased to a record $4.3 million compared to $1.1 million for the first nine months of 2001.

"We are extremely pleased to have significantly increased our revenues in Russia this year. This is a direct result of our successful drilling program which increased our daily oil production to 1,700 barrels per day in the third quarter 2002, a significant increase from 500 barrels per day in the third quarter 2001," said H. Howard Cooper, President and CEO of Teton.

In the third quarter, Teton continued to cut its operating expenses and reported a net cash loss of $600,000 or ($0.03) per fully diluted share versus a net loss of $1,224,000 or ($0.06) per fully diluted share for the Second Quarter 2002.

During the first three quarters of 2002, Teton reported a net loss of $8.0 million or ($0.26) per share which included a one time non-cash expense attributed to Teton`s convertible debentures of $5.5 million or ($0.18) per share.

Teton Petroleum is an independent oil and gas exploration and production company, with its principal operations in Russia. Additional information about Teton is available at its web site, www.tetonpetroleum.com .

[JosedelaVega]

in Aussiland heute:
+ 8 % bei 340.000 Stück Umsatz

umgerechnet nun 0,118 Euro

tsja - seit wir bei 0,05 Euro standen
kann ich nur das eine sagen : KAUFEN

ihr werdet es ja sehen ( bzw. habt es bereits gesehen )

José

[JosedelaVega]

ups... das war in den falschen Threat

josé

[Russland-Investor]

Teton Petroleum
-----------------------

-As of August 6, 2002, 29,875,791 shares of the issuer`s
common stock were outstanding.

-As of November 15, 2002, 58,550,302 shares of the issuer`s
common stock were outstanding.


Etwas Vorsicht! Das ist eine nicht unerhebliche Verwässerung, wie sie bei Teton P. in den letzten Monaten stattgefunden hat. Die Marktkapitalisierung stieg von ca € 8.4 Mio auf € 16.4 Mio, ohne dass der Aktionär durch einen steigenden Kurs profitieren konnte!

Über Teton liegt der Mief der russischen Ölmafia. Das kann gutgehen, aber auch schiefgehn. Bitte Bilanzen vor dem MOT Agreement anschaun. Auch davor gab es schon erhebliche Abweichungen von Produktions- und Umsatzangaben. Das im Hinterkopf behalten.

Ich schließe aber nicht aus, dasss aus Teton was werden kann.

[JosedelaVega]

jetzt kann der Zug losrollen



Teton Petroleum Applies for Listing on the American Stock Exchange and Daily Production Reaches 1,700 Net Barrels Per Day at Year End
Wednesday January 15, 12:39 pm ET


HOUSTON, Jan. 15 /PRNewswire-FirstCall/ -- Teton Petroleum Company (OTC Bulletin Board: TTPT; Frankfurt: TP9) today announced that it has submitted an application to list its common stock on the American Stock Exchange (Amex). The application for listing was made on January 8, 2003. In addition, Teton has also filed a proxy statement with the Securities and Exchange Commission to effectuate a 1 for 10 reverse stock split in order to satisfy the minimum price per share listing requirement for Amex.
ADVERTISEMENT


"We currently believe that we meet all of Amex`s objective listing standards other than stock price. However, we intend to seek stockholder approval to implement a reverse stock split so as to comply with Amex`s minimum price per share requirement," stated H. Howard Cooper, President of Teton. "Neither Teton nor Amex can guarantee that we will be listed. However, with an Amex listing, Teton would have greater access to U.S. capital markets. This would increase our growth momentum for additional asset acquisitions and market expansion, as well as provide increased visibility and liquidity to investors."

Teton ended fiscal year 2002 with daily field production net to the company of 1,700 barrels of oil per day, a 150% increase over 2001`s year end daily field production. "Teton continues to focus on increasing its production base and operating performance in Russia," stated Igor Effimoff, Chief Operating Officer of Teton.

Current production and drilling programs forecast Teton to have revenue of more than $12 million in 2003. The increased revenues are a direct result of doubling the oil exported by Teton from Russia to Western Europe. On November 26, 2002, Teton signed an agreement with its Russian partner enabling Teton to export 70% of its net production to Germany, 20% to the Ukraine, with the remaining 10% sold domestically within Russia. Teton`s revenue in 2003 will dramatically increase since historically oil exported to Germany and the Ukraine has received a significant premium to the domestic oil.

Teton Petroleum is an independent oil and gas exploration and production company with its principal operations in Russia.

This Press Release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary`s expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Teton`s management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton`s management.

For further information, please contact public relations offices: USA, Greg Powell, General Manager, [e-mail], or Bevo Beaven, Vice President, both of CTA Public Relations, [phone]; TORONTO, John Robinson of Current Capital, [phone], [e-mail]; or MONTREAL, Sylvain Archambault of Renmark Financial, [phone], [e-mail].

If you need to reach Teton Petroleum Company, please call Igor Effimoff, Chief Operating Officer in Houston at [phone], [e-mail], or H. Howard Cooper, President at 970-870-1417, [e-mail]. www.tetonpetroleum.com



josé

[JosedelaVega]

akt. + 19 %
auf 0,37 US Dollar

josé

[JosedelaVega]

wie würde es danach aussehen :

-nicht mehr 59 Mil. Shares - sondern 5,9 Mil. also sagen wir 6 Mil. Shares !
-Kurs dann um die 3 US Dollar

dafür jedoch auch nur 1/10 TTPT Aktien des jetztigen Bestands !

Was ist so gut daran ?
Teton kommt aus einem in Unseriösität nicht zu überbietendem ( vielleicht noch vom PinkBoard )
Marktsegment und wechselt an ein angesehenes Parket

josé

[JosedelaVega]

die inst. Beobachtung - Coverage, Transparenz für die Aktionäre, .... wird durchweg verbessert bei einem Amex Listing!

José

[JosedelaVega]

ebenfalls positiv :
Ziel erreicht - 50.000 Barrel im Monat net Produktion für Teton - das macht grob im Jahr nun 6 Mil. Barrel !

Die nächsten Zahlen müssten nun dies wiederspiegeln - da eben auch die Export-Rate signifikant gesteigert werden konnte.


José

[JosedelaVega]

Schlusskurs : 0,38 US Dollar
+ 22 %

bei 460.000 Stücken


José

[kazman]

Hi Jose,

danke fuer die Info .. das hoert sich wirklich nicht schlecht an
Jetzt muesste nur noch mein Baby AIGI anspringen ;-)

gruesse aus Tanzania

[JosedelaVega]

Feb 03, 2003 (Petroleum Finance Week/PBI Media via COMTEX) -- Teton Petroleum Co. (OTC Bulletin Board: TTPT) has applied to list its common stock on the American Stock Exchange, and has filed a proxy statement with the Securities and Exchange Commission to effectuate a 1-for-10 reverse stock split to satisfy the minimum price-per-share listing requirement for Amex.

With an Amex listing, the Steamboat Springs, Colo., independent producer would have greater access to U.S. capital markets, said Teton President H. Howard Cooper. "This would increase our growth momentum for additional asset acquisitions and market expansion, as well as provide increased visibility and liquidity to investors." Teton also has applied to be listed on the Moscow Stock Exchange.

Better access to capital markets would no doubt help Teton as it attempts to grow its operations--which are located primarily in Russia. Teton currently is reviewing 30 Russian fields and plans to decide by the end of the year which ones it wants to acquire, Cooper said last week at the Friedland Capital Inc./Torch Energy Advisors oil and gas conference in Houston.

Teton ended fiscal year 2002 with net production of 1,700 barrels of oil per day--a 150 percent increase during 2001`s year-end production, according to the company. Teton forecasts that it will have more than $12 million in revenue this year--up from $6 million in 2002--as it imports more oil from Russia to Western Europe. On Nov. 26, 2002, Teton signed an agreement to export 70 percent of its net production to Germany and 20 percent to the Ukraine, with the remaining 10 percent to be sold domestically within Russia. Historically, oil exported to Germany and the Ukraine has received a significant premium to the domestic oil, Teton said.

Charles Strain with Friedland Capital initiated coverage of Teton last week with a Speculative Buy rating, based on a current net asset value that is "considerably higher" than the stock price, and the potential to acquire significant new reserves in Russia.

Strain calculates Teton`s net asset vale, based on existing reserves, to be $1.12 per share. Last week, Teton was trading at 38 cents per share.

"We anticipate that investors in Teton will benefit in the future from the acquisition of other fields with significant amounts of highly probable oil reserves in Russia," Strain said. "Teton should be able to procure these other fields because of its contacts in the country and its record of proven performance to date."

[Copyright 2003 Chemical Week Associates. All rights reserved.]

Petroleum Finance Week, Vol. 11, No. 5 [Copyright 2003 Chemical Week Associates. All rights reserved.]

By Jodi Wetuski

[JosedelaVega]

heute sehen wir hohe Umsätze bei TTPT
über 740.000 Stücke bereits gehandelt
und das bei einem schönen Plus

die 0,40 US Dollar sind nun nachhaltig genommen
TH bei 0,46 US Dollar
akt. 0,43 US Dollar

josé

[Kubanisch_Rauchen]

Genau, Teton übernimmt Eurogas

[JosedelaVega]

interessante Studien zu TETON :


http://www.jmdutton.com/default.lasso?-response=JMD_Database…


josé

[JosedelaVega]

die akt. Zahlen sind raus !

http://www.sec.gov/Archives/edgar/data/1131072/0000949303030…

José

[JosedelaVega]

habe den kleinen Kursschwung heute genutzt die letzten Stücke von Teton rauszuwerfen !

Habe bereits in den letzten Wochen nicht mehr akzeptieren können, wie innerhalb von einem Jahr die Anzahl der Shares um 46 Mil. mehr als verdoppelt wurde !

bei solchen Aktionen wird der einfache Aktionär IMMER verlieren - des weiteren bei einem Unternehmen wie TTPT wo die Assets bekannt sind !!!


José

[JosedelaVega]

na da hab ich wohl den richtigen Moment für den Ausstieg getroffen

Kurs nun 0,29 US Dollar

josé

[JosedelaVega]

bid 0,26
ask 0,29 - 20.000 Stück im Angebot in FSE

josé

[JosedelaVega]

Kursziel : 0,20 US Dollar

josé

[JosedelaVega]

Kurs bei Teton heute auf 0,27 US Dollar
- 11 % bei 500.000 Stücken Umsatz

weiter fallende Kurse

wer so mit den Aktionären umspringt braucht
sich nicht zu wundern !

José