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     <TITLE>American International Petroleum Corporation</TITLE>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>As filed with the
Securities and Exchange Commission on August10, 2000 </B></FONT><BR>

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<DIV ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Registration No.
333-_______________ -  </B></FONT></DIV>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>SECURITIES
AND
EXCHANGE COMMISSION</B> </FONT><BR>

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<FONT FACE="Times New Roman, Times, Serif" SIZE=2>Washington,
D.C. 20549 </FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>REGISTRATION
STATEMENT<BR>Under the Securities Act of 1933 </FONT></P>



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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4><B>AMERICAN
INTERNATIONAL PETROLEUM CORPORATION</B></FONT><BR>

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<FONT FACE="Times New Roman, Times, Serif" SIZE=1><B>(Exact Name of Registrant as
Specified in its Charter)</B></FONT></P>

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     <TH COLSPAN="2">&nbsp;</TH>
     <TH COLSPAN="2"></TH></TR>
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     <TD WIDTH="50%" ALIGN="CENTER"><FONT SIZE="2">Nevada</FONT><HR WIDTH=58% SIZE=1 NOSHADE><FONT SIZE="2">(State or Other Jurisdiction of<BR>Incorporation or Organization)</FONT></TD>
     <TD WIDTH="50%" ALIGN="center"><FONT SIZE="2">13-3130236</FONT><HR WIDTH=55% SIZE=1 NOSHADE><FONT SIZE="2">(I.R.S. Employer<BR>Identification Number)</FONT></TD></TR>
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     <TH COLSPAN="2">&nbsp;</TH>
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     <TD WIDTH="50%" ALIGN="CENTER"><FONT SIZE="2">2950 North Loop West,
Suite 1000, Houston. Tx.<BR>(Address of principal executive offices)</FONT></TD>
     <TD WIDTH="50%" ALIGN="center"><FONT SIZE="2">77092<BR>(zip code)</FONT></TD></TR>
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<P ALIGN=CENTER><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2> <BR>   </FONT></P>

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<P ALIGN=CENTER><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>2000 STOCK OPTION PLAN<BR>
2000 STOCK AWARD PLAN <BR>(Full Title of the Plans) </FONT></P>

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<P ALIGN=CENTER><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Denis J. Fitzpatrick,
Chief Financial Officer<BR> AMERICAN INTERNATIONAL PETROLEUM CORPORATION <BR>2950 North Loop
West, Suite 1000 <BR>Houston, Texas 77092 <BR>713-802-0087 </FONT></P>

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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Name,
Address and telephone number including area code, of agent for service) </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>A copy of all
communications, including communications sent to the agent for service, should
be sent to: </FONT></P>

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<P ALIGN=CENTER><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Charles Snow, Esq.<BR> Snow
Becker Krauss P.C.<BR> 605 Third Avenue <BR>New York, N.Y. 10158-0125<BR> (212)687-3860 </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Approximate date of commencement of
proposed sale to the public: Upon filing of this registration statement </FONT></P>


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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CALCULATION OF
REGISTRATION FEE</FONT></H1>

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     <TH COLSPAN="2"><FONT SIZE="1">Title of<BR>Securities t&#146;o<BR>be Registered </FONT><HR WIDTH=75% SIZE=1 NOSHADE></TH>
     <TH COLSPAN="2"><FONT SIZE="1">Amount to be<BR>Registered </FONT><HR WIDTH=75% SIZE=1 NOSHADE></TH>
     <TH COLSPAN="2"><FONT SIZE="1">Proposed<BR>Maximum<BR>Offering Price<BR>Per Share </FONT><HR WIDTH=75% SIZE=1 NOSHADE></TH>
     <TH COLSPAN="2"><FONT SIZE="1">Proposed<BR>Maximum<BR>Aggregate<BR>Offering Price </FONT><HR WIDTH=75% SIZE=1 NOSHADE></TH>
     <TH COLSPAN="2"><FONT SIZE="1">Amount of<BR>Registration<BR>Fee </FONT><HR WIDTH=75% SIZE=1 NOSHADE></TH></TR>
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     <TD WIDTH="20%" ALIGN="LEFT"><FONT SIZE="2">Stock Options</FONT></TD>
     <TD WIDTH="3%" ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE="2">5,000,000</FONT></TD>
        <TD WIDTH="3%" ALIGN="LEFT"><FONT SIZE="2">(1)</FONT></TD>
     <TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE="2">$0.4688</FONT></TD>
        <TD WIDTH="7%" ALIGN="LEFT"><FONT SIZE="2">(3)</FONT></TD>
     <TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE="2">$2,344,000</FONT></TD>
        <TD WIDTH="3%" ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE="2">$576.68</FONT></TD>
        <TD WIDTH="2%" ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT SIZE="2">Common Stock,</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT SIZE="2">&nbsp;</FONT></TD>
        <TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT SIZE="2">&nbsp;</FONT></TD>
        <TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT SIZE="2">&nbsp;</FONT></TD>
        <TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT SIZE="2">&nbsp;</FONT></TD>
        <TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT SIZE="2">$.08 par value</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT SIZE="2">500,000 shs.</FONT></TD>
        <TD ALIGN="LEFT"><FONT SIZE="2">(2)</FONT></TD>
     <TD ALIGN="RIGHT"><FONT SIZE="2">$0.4688</FONT></TD>
        <TD ALIGN="LEFT"><FONT SIZE="2">(3)</FONT></TD>
     <TD ALIGN="RIGHT"><FONT SIZE="2">$234,400</FONT></TD>
        <TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT SIZE="2">$57.67</FONT></TD>
        <TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT SIZE="2">TOTAL:</FONT></TD><TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT SIZE="2">&nbsp;</FONT></TD>
        <TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"></TD>
        <TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT SIZE="2">&nbsp;</FONT></TD>
        <TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT SIZE="2">$634.35</FONT></TD>
        <TD ALIGN="LEFT"><FONT SIZE="2">&nbsp;</FONT></TD></TR>
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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1)</FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=94%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Represents options granted or to be granted pursuant to the 2000 Stock Option
Plan (the &#147;Option Plan&#148;) of American International Petroleum
Corporation (the &#147;Registrant&#148;).</FONT></TD>
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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2) </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=94%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Shares
which may be issued pursuant to the 2000 Stock Award Plan (the &#147;Stock Plan&#148;) of the
Registrant.</FONT></TD>
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Calculated solely for the purpose of determining the registration fee pursuant
to Rule 457(c) based upon the closing price of the Common Stock quoted on the
Nasdaq National Market on July 28, 2000.</FONT></TD>
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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(5)</FONT></TD>
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<TD WIDTH=94%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Pursuant to Rule 416, includes an indeterminable number of shares of Common
Stock which may become issuable pursuant to the anti-dilution provisions of the
Option Plan and the Options.</FONT></TD>
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<A NAME="PART_II"></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PART II</FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT</FONT></H1>

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<H2 ALIGN=LEFT><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Item 3.
Incorporation of Documents By Reference</FONT></H2>

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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following documents filed with the Securities and Exchange Commission (the
&#147;Commission&#148;) by the registrant, American International Petroleum
Corporation, a Nevada corporation (the &#147;Company&#148;), pursuant to the
Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), are
incorporated by reference in this registration statement. </FONT></P>

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(1)
The Company&#146;s Annual Report on Form 10-K for the fiscal year ended December 31, 1999; and</FONT></TD>
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(2)
The Company&#146;s Quarterly Report on Form 10-Q (&#147;Form 10-Q&#148;) for the fiscal quarter ended
March 31, 1998, June 30, 2000.</FONT></TD>
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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
documents subsequently filed by the Company pursuant to Sections 13(a), 13(c),
14 and 15(d) of the Exchange Act, prior to the filing of a post-effective
amendment which indicates that all securities offered have been sold or which
deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference herein and to be a part hereof from the date of filing
of such documents. Any statement contained in a document incorporated or deemed
to be incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this registration statement to the extent that a
statement contained herein or in any other subsequently filed document which
also is incorporated or deemed to be incorporated by reference herein modifies
or supersedes such statement. Any such statement so modified or superseded shall
not be deemed, except as so modified or superseded, to constitute a part of this
registration statement. </FONT></P>

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<H2 ALIGN=LEFT><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Item 4. Description of
Securities.</FONT></H2>

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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable. </FONT></P>

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<H2 ALIGN=LEFT><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Item 5. Interests of
Named Experts and Counsel.</FONT></H2>

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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Snow
Becker Krauss P.C., counsel to the Company, holds 144,518 shares of Common Stock, all of
which was issued to it in exchange for legal fees and disbursements. Snow Becker Krauss
P.C. is rendering an opinion upon the validity of the securities being registered hereby. </FONT></P>

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<H2 ALIGN=LEFT><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Item 6. Indemnification
of Directors and Officers.</FONT></H2>

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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
Section 78.751 of the Nevada Corporation Law (&#147;NCL&#148;), directors and
officers may be indemnified against judgments, fines and amounts paid in
settlement and reasonable expenses (including attorneys&#146; fees), actually
and reasonably incurred as a result of specified actions or proceedings
(including appeals), whether civil or criminal (other than an action by or in
the right of the corporation &#151; a &#147;derivative action&#148;) if they
acted in good faith and for a purpose which they reasonably believed to be in or
not opposed to the best interests of the corporation, and, with respect to any
criminal action or proceeding, had no reasonable cause to believe their conduct
was unlawful. A similar standard of care is applicable in the case of derivative
actions, except that indemnification only extends to amounts paid in settlement
and reasonable expenses (including attorneys&#146; fees) actually and reasonably
incurred by them in connection with the defense or settlement of such an action
(including appeals), except in respect of a claim, issue or matter as to which
such person shall have been finally adjudged to be liable to the corporation,
unless and only to the extent a court of competent jurisdiction deems proper. </FONT></P>

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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
accordance with Section 78.037(1) of the NCL, Article VIII of the Company&#146;s
Certificate of Incorporation, as amended, eliminates the personal liability of
the Company&#146;s directors to the Company or its shareholders for monetary
damages for breach of their fiduciary duties as directors, with certain limited
exceptions set forth in said Article VIII and Section 78.037(1). </FONT></P>

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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article
VII of the Company&#146;s Bylaws provides for indemnification of directors,
officers and others as follows: </FONT></P>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;On
the terms, to the extent, and subject to the condition prescribed by statute and by such
rules and regulations, not inconsistent with statute, as the Board of Directors may in
its discretion impose in general or particular cases or classes of cases, (a) the
Corporation shall indemnify any person made, or threatened to be made, a party to an
action or proceeding, civil or criminal, including an action by or in the right of any
other corporation of any type or kind, domestic or foreign, or any partnership, joint
venture, trust, employee benefit plan or other enterprise which any director or officer
of the Corporation served in any capacity at the request of the Corporation, by reason of
the fact that he, his testator or intestate, was a director or officer of the joint
venture, trust, employee benefit plan or other enterprise in any capacity, against
judgments, fines, amounts paid in settlement and reasonable expenses, including
attorneys&#146; fees of any such action or proceeding, or any appeal therein, and (b) the
Corporation may pay, in advance of final disposition of any such action or proceeding,
expenses incurred by such person in defending such action or proceeding.</FONT></TD>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
the terms, to the extent, and subject to the conditions prescribed by statute and by such
rules and regulations, not inconsistent with statute, as the Board of Directors may in
its discretion impose in general or particular cases or classes of cases, (a) the
Corporation shall indemnify any person made a party to an action by or in the right of
the Corporation to procure a judgment in its favor, by reason of the fact that he, his
testator or intestate, is or was a director or officer of the Corporation, against the
reasonable expenses, including attorneys&#146; fees, actually and necessarily incurred by him
in connection with the defense of such action, or in connection with an appeal therein,
and (b) the Corporation may pay, in advance of final disposition of any such action,
expenses incurred by such person in defending such action or proceeding.&#148;</FONT></TD>
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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company maintains insurance, at its expense, to reimburse itself and directors
and officers of the Company and of its direct and indirect subsidiaries against
any expense, liability or loss arising out of indemnification claims against
directors and officers and to the extent otherwise permitted under the NCL. </FONT></P>

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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar
as indemnification for liabilities arising under the Securities Act of 1933 (the
&#147;Securities Act&#148;) may be permitted to directors, officers or persons
controlling the Company pursuant to the foregoing provisions, the Company has
been informed that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Securities Act and
is therefore unenforceable. </FONT></P>

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<H2 ALIGN=LEFT><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Item 7. Exemption From
Registration Claimed.</FONT></H2>

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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None </FONT></P>


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<H2 ALIGN=LEFT><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Item 8. Exhibits.</FONT></H2>


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<H2 ALIGN=LEFT><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Exhibit No.
Description of Exhibit</FONT></H2>
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     <TD WIDTH="5%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4</FONT></TD>
        <TD WIDTH="6%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">.1</FONT></TD>
     <TD WIDTH="87%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">2000 Stock Option Plan (the &#147;Option Plan&#148;).</FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="600">
<TR VALIGN="top">
     <TH COLSPAN="2"><FONT SIZE="1"></FONT></TH>
     <TH COLSPAN="2"><FONT SIZE="1"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="5%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4</FONT></TD>
        <TD WIDTH="6%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">.2</FONT></TD>
     <TD WIDTH="87%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Form of Stock  Option  Agreement  under the
Option  Plan  between the  Registrant  and the holders of  non-qualified stock options.</FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="600">
<TR VALIGN="top">
     <TH COLSPAN="2"><FONT SIZE="1"></FONT></TH>
     <TH COLSPAN="2"><FONT SIZE="1"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="5%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4</FONT></TD>
        <TD WIDTH="6%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">.3</FONT></TD>
     <TD WIDTH="87%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
Form of Stock  Option  Agreement  under the Option  Plan  between the  Registrant  and the holders of
incentive stock options.
</FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="600">
<TR VALIGN="top">
     <TH COLSPAN="2"><FONT SIZE="1"></FONT></TH>
     <TH COLSPAN="2"><FONT SIZE="1"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="5%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">4</FONT></TD>
        <TD WIDTH="6%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">.4</FONT></TD>
     <TD WIDTH="87%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
 2000 Stock Award Plan.
</FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="600">
<TR VALIGN="top">
     <TH COLSPAN="2"><FONT SIZE="1"></FONT></TH>
     <TH COLSPAN="2"><FONT SIZE="1"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="5%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">23</FONT></TD>
        <TD WIDTH="6%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">.1</FONT></TD>
     <TD WIDTH="87%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
 Consent of Hein + Associates LLP.  </FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="600">
<TR VALIGN="top">
     <TH COLSPAN="2"><FONT SIZE="1"></FONT></TH>
     <TH COLSPAN="2"><FONT SIZE="1"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="5%" ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">24</FONT></TD>
        <TD WIDTH="6%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">.2</FONT></TD>
     <TD WIDTH="87%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
  Powers of Attorney (included on the signature page of this Registration Statement). </FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE>

<BR>
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<TD>

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<HR SIZE=1 NOSHADE WIDTH=15% ALIGN=LEFT>


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<H2 ALIGN=LEFT><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>Item 9. Required
Undertakings.</FONT></H2>

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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned Registrant hereby undertakes: </FONT></P>

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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)(l)
To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement: </FONT></P>

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<BR>
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<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)
To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)
To reflect in the prospectus any facts or events arising after the effective date of the
registration statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represents a fundamental change in the information set
forth in the registration statement; </FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)
To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such
information in the registration statement; </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>

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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)
That, for the purpose of determining any liability under the Securities Act of
1933, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof; and </FONT></P>

<!-- MARKER FORMAT-SHEET="Para 10" -->
<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)
To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the
offering. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para 10" -->
<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)
The undersigned Registrant hereby undertakes that, for purposes of determining
any liability under the Securities Act of 1933, each filing of the
Registrant&#146;s annual report pursuant to Section 13(a) or Section 15(d) of
the Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan&#146;s annual report pursuant to Section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof. </FONT></P>

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<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)
Insofar as indemnification for liabilities arising under the Securities Act of
1933 may be permitted to directors, officers or controlling persons of the
Registrant pursuant to any arrangement, provision or otherwise, the Registrant
has been advised that in the opinion of the Securities and Exchange Commission
such indemnification is against public policy as expressed in the Securities Act
of 1933 and is, therefore, unenforceable. In the event that claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in
the opinion of its counsel the matter has been settled by controlling the
question whether such indemnification by it is against public policy as
expressed in the Securities Act of 1933 and will be governed by the final
adjudication of such issue. </FONT></P>

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</TR>
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<BR>

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<!-- MARKER FORMAT-SHEET="Head Major 10" -->
<A NAME="SIGNATURES"></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES</FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush 10" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant to the
requirements of the Securities Act of 1933, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing
on Form S-8 and has duly caused this Registration Statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Houston,
State of Texas, on August 10. 2000. </FONT></P>

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</TD>
</TR>
</TABLE>
<BR>
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<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=40%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>AMERICAN INTERNATIONAL PETROLEUM CORPORATION  </B><BR><BR>
<BR>By: /s/ Denis J. Fitzpatrick <BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Denis J. Fitzpatrick</FONT></TD>
</TR>
</TABLE>
<BR>


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<TR VALIGN=TOP>
<TD>

<!-- MARKER FORMAT-SHEET="Head Major 10" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>POWER OF ATTORNEY </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush 10" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Each person whose signature
appears below hereby constitutes and appoints George N. Faris or Denis J.
Fitzpatrick, his true and lawful attorney-in-fact and agent, with power of
substitution and resubstitution, for him and in his name, place and stead, in
any and all capacities, to sign any and all amendments (including post-effective
amendments) to this registration statement, and to file the same, with exhibits
thereto and other documents in connection therewith, with the Securities and
Exchange Commission, hereby ratifying all that said attorney-in-fact and agent
or his substitute or substitutes, or any of them, may lawfully do or cause to be
done by virtue hereof. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para 10" -->
<P><FONT FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement
has been signed by the following persons in the capacities indicated on August
10, 2000. </FONT></P>

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</TD>
</TR>
</TABLE>
<BR>



<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="600">
<TR VALIGN="Top">
     <TH COLSPAN="2" align=left><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Signature</FONT><HR WIDTH=55% SIZE=1 NOSHADE></TH>
     <TH COLSPAN="2" align=left><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title</FONT><HR WIDTH=45% SIZE=1 NOSHADE></TH></TR>
<TR VALIGN="top">
     <TD WIDTH="33%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="5%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="60%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="top">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/s/ George N. Faris<BR></FONT><HR WIDTH=75% SIZE=1 NOSHADE></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="top">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">George N. Faris</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Chairman of the Board of Directors<BR>(principal executive officer)</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="top">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="600">
<TR VALIGN="top">
     <TD WIDTH="33%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="5%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="60%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="top">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/s/ Denis J. Fitzpatrick<BR></FONT><HR WIDTH=75% SIZE=1 NOSHADE></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="top">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Denis J. Fitzpatrick</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Vice President, Chief Financial<BR>Officer and Secretary<BR>(principal financial<BR>and accounting officer)</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"
SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="top">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="600">
<TR VALIGN="top">
     <TD WIDTH="33%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="5%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="60%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="top">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/s/ Donald G. Rynne<BR></FONT><HR WIDTH=75% SIZE=1 NOSHADE></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="top">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Donald G. Rynne</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="top">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="600">
<TR VALIGN="top">
     <TD WIDTH="33%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="5%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="60%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="top">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/s/ Daniel Y. Kim<BR></FONT><HR WIDTH=75% SIZE=1 NOSHADE></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="top">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Daniel Y. Kim</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="top">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="600">
<TR VALIGN="top">
     <TD WIDTH="33%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="5%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="60%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="top">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/s/ William R. Smart<BR></FONT><HR WIDTH=75% SIZE=1 NOSHADE></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="top">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">William R. Smart</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="top">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="600">
<TR VALIGN="top">
     <TD WIDTH="33%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="5%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="60%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="2%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="top">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/s/ John H. Kelly<BR></FONT><HR WIDTH=75% SIZE=1 NOSHADE></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="top">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">John H. Kelly</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Director</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
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[{"type": "S-8", "sequence": "1", "filename": "0001.htm", "description": "FORM S-8", "secsgml_size_bytes": 46338}]
{"company-data": {"conformed-name": "AMERICAN INTERNATIONAL PETROLEUM CORP /NV/", "cik": "0000799119", "assigned-sic": "2911", "irs-number": "133130236", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-43840", "film-number": "703373"}, "business-address": {"street1": "440 MADISON AVE STE 3203", "city": "NEW YORK", "state": "NY", "zip": "10022", "phone": "2129563333"}, "mail-address": {"street1": "440 MADISON AVE STE 3203", "city": "NEW YORK", "state": "NY", "zip": "10022"}}
American International Petroleum Corporation
Page Start
As filed with the
Securities and Exchange Commission on August10, 2000
Registration No.
333-_______________ -
SECURITIES
AND
EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM S-8
REGISTRATION
STATEMENT
Under the Securities Act of 1933
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 Number)
2950 North Loop West,
Suite 1000, Houston. Tx.
(Address of principal executive offices)
77092
(zip code)
2000 STOCK OPTION PLAN
2000 STOCK AWARD PLAN
(Full Title of the Plans)
Denis J. Fitzpatrick,
Chief Financial Officer
AMERICAN INTERNATIONAL PETROLEUM CORPORATION
2950 North Loop
West, Suite 1000
Houston, Texas 77092
713-802-0087
(Name,
Address and telephone number including area code, of agent for service)
A copy of all
communications, including communications sent to the agent for service, should
be sent to:
Charles Snow, Esq.
Snow
Becker Krauss P.C.
605 Third Avenue
New York, N.Y. 10158-0125
(212)687-3860
Approximate date of commencement of
proposed sale to the public: Upon filing of this registration statement
CALCULATION OF
REGISTRATION FEE
Title of
Securities t'o
be Registered
Amount to be
Registered
Proposed
Maximum
Offering Price
Per Share
Proposed
Maximum
Aggregate
Offering Price
Amount of
Registration
Fee
Stock Options
5,000,000
(1)
$0.4688
(3)
$2,344,000
$576.68
Common Stock,
$.08 par value
500,000 shs.
(2)
$0.4688
(3)
$234,400
$57.67
TOTAL:
$634.35
(1)
Represents options granted or to be granted pursuant to the 2000 Stock Option
Plan (the "Option Plan") of American International Petroleum
Corporation (the "Registrant").
(2)
Shares
which may be issued pursuant to the 2000 Stock Award Plan (the "Stock Plan") of the
Registrant.
(3)
Calculated solely for the purpose of determining the registration fee pursuant
to Rule 457(c) based upon the closing price of the Common Stock quoted on the
Nasdaq National Market on July 28, 2000.
(5)
Pursuant to Rule 416, includes an indeterminable number of shares of Common
Stock which may become issuable pursuant to the anti-dilution provisions of the
Option Plan and the Options.
PART II
INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents By Reference
The
following documents filed with the Securities and Exchange Commission (the
"Commission") by the registrant, American International Petroleum
Corporation, a Nevada corporation (the "Company"), pursuant to the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), are
incorporated by reference in this registration statement.
(1)
The Company's Annual Report on Form 10-K for the fiscal year ended December 31, 1999; and
(2)
The Company's Quarterly Report on Form 10-Q ("Form 10-Q") for the fiscal quarter ended
March 31, 1998, June 30, 2000.
All
documents subsequently filed by the Company pursuant to Sections 13(a), 13(c),
14 and 15(d) of the Exchange Act, prior to the filing of a post-effective
amendment which indicates that all securities offered have been sold or which
deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference herein and to be a part hereof from the date of filing
of such documents. Any statement contained in a document incorporated or deemed
to be incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this registration statement to the extent that a
statement contained herein or in any other subsequently filed document which
also is incorporated or deemed to be incorporated by reference herein modifies
or supersedes such statement. Any such statement so modified or superseded shall
not be deemed, except as so modified or superseded, to constitute a part of this
registration statement.
Item 4. Description of
Securities.
Not
applicable.
Item 5. Interests of
Named Experts and Counsel.
Snow
Becker Krauss P.C., counsel to the Company, holds 144,518 shares of Common Stock, all of
which was issued to it in exchange for legal fees and disbursements. Snow Becker Krauss
P.C. is rendering an opinion upon the validity of the securities being registered hereby.
Item 6. Indemnification
of Directors and Officers.
Under
Section 78.751 of the Nevada Corporation Law ("NCL"), directors and
officers may be indemnified against judgments, fines and amounts paid in
settlement and reasonable expenses (including attorneys' fees), actually
and reasonably incurred as a result of specified actions or proceedings
(including appeals), whether civil or criminal (other than an action by or in
the right of the corporation — a "derivative action") if they
acted in good faith and for a purpose which they reasonably believed to be in or
not opposed to the best interests of the corporation, and, with respect to any
criminal action or proceeding, had no reasonable cause to believe their conduct
was unlawful. A similar standard of care is applicable in the case of derivative
actions, except that indemnification only extends to amounts paid in settlement
and reasonable expenses (including attorneys' fees) actually and reasonably
incurred by them in connection with the defense or settlement of such an action
(including appeals), except in respect of a claim, issue or matter as to which
such person shall have been finally adjudged to be liable to the corporation,
unless and only to the extent a court of competent jurisdiction deems proper.
In
accordance with Section 78.037(1) of the NCL, Article VIII of the Company's
Certificate of Incorporation, as amended, eliminates the personal liability of
the Company's directors to the Company or its shareholders for monetary
damages for breach of their fiduciary duties as directors, with certain limited
exceptions set forth in said Article VIII and Section 78.037(1).
Article
VII of the Company's Bylaws provides for indemnification of directors,
officers and others as follows:
"On
the terms, to the extent, and subject to the condition prescribed by statute and by such
rules and regulations, not inconsistent with statute, as the Board of Directors may in
its discretion impose in general or particular cases or classes of cases, (a) the
Corporation shall indemnify any person made, or threatened to be made, a party to an
action or proceeding, civil or criminal, including an action by or in the right of any
other corporation of any type or kind, domestic or foreign, or any partnership, joint
venture, trust, employee benefit plan or other enterprise which any director or officer
of the Corporation served in any capacity at the request of the Corporation, by reason of
the fact that he, his testator or intestate, was a director or officer of the joint
venture, trust, employee benefit plan or other enterprise in any capacity, against
judgments, fines, amounts paid in settlement and reasonable expenses, including
attorneys' fees of any such action or proceeding, or any appeal therein, and (b) the
Corporation may pay, in advance of final disposition of any such action or proceeding,
expenses incurred by such person in defending such action or proceeding.
On
the terms, to the extent, and subject to the conditions prescribed by statute and by such
rules and regulations, not inconsistent with statute, as the Board of Directors may in
its discretion impose in general or particular cases or classes of cases, (a) the
Corporation shall indemnify any person made a party to an action by or in the right of
the Corporation to procure a judgment in its favor, by reason of the fact that he, his
testator or intestate, is or was a director or officer of the Corporation, against the
reasonable expenses, including attorneys' fees, actually and necessarily incurred by him
in connection with the defense of such action, or in connection with an appeal therein,
and (b) the Corporation may pay, in advance of final disposition of any such action,
expenses incurred by such person in defending such action or proceeding."
The
Company maintains insurance, at its expense, to reimburse itself and directors
and officers of the Company and of its direct and indirect subsidiaries against
any expense, liability or loss arising out of indemnification claims against
directors and officers and to the extent otherwise permitted under the NCL.
Insofar
as indemnification for liabilities arising under the Securities Act of 1933 (the
"Securities Act") may be permitted to directors, officers or persons
controlling the Company pursuant to the foregoing provisions, the Company has
been informed that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Securities Act and
is therefore unenforceable.
Item 7. Exemption From
Registration Claimed.
None
Item 8. Exhibits.
Exhibit No.
Description of Exhibit
4
.1
2000 Stock Option Plan (the "Option Plan").
4
.2
Form of Stock  Option  Agreement  under the
Option  Plan  between the  Registrant  and the holders of  non-qualified stock options.
4
.3
Form of Stock  Option  Agreement  under the Option  Plan  between the  Registrant  and the holders of
incentive stock options.
4
.4
2000 Stock Award Plan.
23
.1
Consent of Hein + Associates LLP.
24
.2
Powers of Attorney (included on the signature page of this Registration Statement).
Item 9. Required
Undertakings.
The
undersigned Registrant hereby undertakes:
(a)(l)
To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:
(i)
To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
(ii)
To reflect in the prospectus any facts or events arising after the effective date of the
registration statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represents a fundamental change in the information set
forth in the registration statement;
(iii)
To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such
information in the registration statement;
(2)
That, for the purpose of determining any liability under the Securities Act of
1933, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof; and
(3)
To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the
offering.
(b)
The undersigned Registrant hereby undertakes that, for purposes of determining
any liability under the Securities Act of 1933, each filing of the
Registrant's annual report pursuant to Section 13(a) or Section 15(d) of
the Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to Section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
(c)
Insofar as indemnification for liabilities arising under the Securities Act of
1933 may be permitted to directors, officers or controlling persons of the
Registrant pursuant to any arrangement, provision or otherwise, the Registrant
has been advised that in the opinion of the Securities and Exchange Commission
such indemnification is against public policy as expressed in the Securities Act
of 1933 and is, therefore, unenforceable. In the event that claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in
the opinion of its counsel the matter has been settled by controlling the
question whether such indemnification by it is against public policy as
expressed in the Securities Act of 1933 and will be governed by the final
adjudication of such issue.
SIGNATURES
Pursuant to the
requirements of the Securities Act of 1933, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing
on Form S-8 and has duly caused this Registration Statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Houston,
State of Texas, on August 10. 2000.
AMERICAN INTERNATIONAL PETROLEUM CORPORATION
By: /s/ Denis J. Fitzpatrick
——————————————
Denis J. Fitzpatrick
POWER OF ATTORNEY
Each person whose signature
appears below hereby constitutes and appoints George N. Faris or Denis J.
Fitzpatrick, his true and lawful attorney-in-fact and agent, with power of
substitution and resubstitution, for him and in his name, place and stead, in
any and all capacities, to sign any and all amendments (including post-effective
amendments) to this registration statement, and to file the same, with exhibits
thereto and other documents in connection therewith, with the Securities and
Exchange Commission, hereby ratifying all that said attorney-in-fact and agent
or his substitute or substitutes, or any of them, may lawfully do or cause to be
done by virtue hereof.
Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement
has been signed by the following persons in the capacities indicated on August
10, 2000.
Signature
Title
/s/ George N. Faris
George N. Faris
Chairman of the Board of Directors
(principal executive officer)
/s/ Denis J. Fitzpatrick
Denis J. Fitzpatrick
Vice President, Chief Financial
Officer and Secretary
(principal financial
and accounting officer)
/s/ Donald G. Rynne
Donald G. Rynne
Director
/s/ Daniel Y. Kim
Daniel Y. Kim
Director
/s/ William R. Smart
William R. Smart
Director
/s/ John H. Kelly
John H. Kelly
Director