OilExchange Inc. Retained to Market Largest Land Concession For Oil Exploration in Kazakhstan

Apr 19, 2001, 01:00 ET from OilExchange Inc.

    DENVER, April 19 /PRNewswire/ -- OilExchange Inc., a leading eSolutions
 technology provider for oil and gas data management and asset divestiture
 services announced today that it has been retained by American International
 Petroleum Corporation (OTC Bulletin Board:   AIPN) to market American
 International's interest in Kazakhstan's Block 953, the single largest
 exploratory block available in the country.
     The presentation of Block 953 in an OilExchange virtual data room will
 permit oil and gas companies from around the world to review all of the
 technical data describing this opportunity at their convenience.  "Our
 technology allows the delivery of all data needed for property evaluation to
 any computer platform," explained OilExchange COO David Nelson, "done in a
 fully secure environment, with virtually no bandwidth restrictions."  New
 advances in server hardware and ASP-based technologies are employed to make
 this service possible.
     The License Area is located immediately east of the northernmost portion
 of the Caspian Sea in western Kazakhstan.  The block covers an area
 4.7 million acres (1,915,821 hectares) in the central portion of the North
 Ustyurt Basin.
     The License Area is surrounded on the west, northwest and south by areas
 in which giant oil and gas fields have been discovered, including Chevron's
 super-giant Tengiz oil field.  The large, shallow Chagyrly-Shomyshty gas field
 (1.2 TCF at a depth of 650 m) lies less than 10 km from the northern boundary
 of the License Area.
     Registered users of OilExchange (www.OilExchange.com) may enter and review
 the virtual data room with a simple free registration.  Those companies
 desiring access to download information will be required to complete a
 confidentiality agreement and request qualification from American
 International.
 
     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.
 
     OilExchange Inc. is a leading provider of eSolutions for the global oil
 and gas industry.  With 15 years of international project management
 experience, the company is the only provider of completely ASP-driven, secure
 and user-platform-independent solutions for the efficient management and
 divestiture of oil and gas assets worldwide.  Additional information may be
 found at www.OilExchange.com, by e-mailing sales@oilexchange.com or calling
 (303) 825-0775.
 
 

SOURCE OilExchange Inc.
    DENVER, April 19 /PRNewswire/ -- OilExchange Inc., a leading eSolutions
 technology provider for oil and gas data management and asset divestiture
 services announced today that it has been retained by American International
 Petroleum Corporation (OTC Bulletin Board:   AIPN) to market American
 International's interest in Kazakhstan's Block 953, the single largest
 exploratory block available in the country.
     The presentation of Block 953 in an OilExchange virtual data room will
 permit oil and gas companies from around the world to review all of the
 technical data describing this opportunity at their convenience.  "Our
 technology allows the delivery of all data needed for property evaluation to
 any computer platform," explained OilExchange COO David Nelson, "done in a
 fully secure environment, with virtually no bandwidth restrictions."  New
 advances in server hardware and ASP-based technologies are employed to make
 this service possible.
     The License Area is located immediately east of the northernmost portion
 of the Caspian Sea in western Kazakhstan.  The block covers an area
 4.7 million acres (1,915,821 hectares) in the central portion of the North
 Ustyurt Basin.
     The License Area is surrounded on the west, northwest and south by areas
 in which giant oil and gas fields have been discovered, including Chevron's
 super-giant Tengiz oil field.  The large, shallow Chagyrly-Shomyshty gas field
 (1.2 TCF at a depth of 650 m) lies less than 10 km from the northern boundary
 of the License Area.
     Registered users of OilExchange (www.OilExchange.com) may enter and review
 the virtual data room with a simple free registration.  Those companies
 desiring access to download information will be required to complete a
 confidentiality agreement and request qualification from American
 International.
 
     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.
 
     OilExchange Inc. is a leading provider of eSolutions for the global oil
 and gas industry.  With 15 years of international project management
 experience, the company is the only provider of completely ASP-driven, secure
 and user-platform-independent solutions for the efficient management and
 divestiture of oil and gas assets worldwide.  Additional information may be
 found at www.OilExchange.com, by e-mailing sales@oilexchange.com or calling
 (303) 825-0775.
 
 SOURCE  OilExchange Inc.