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Gold/Mining/Energy : Tracer Petroleum (TCXXF)
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To: Dave K who wrote (1225)11/11/1999 10:54:00 PM
From: Saracen  Read Replies (2) of 1261
 
I have invested with Robinson and Harrison before, in another "2-bit" little Canadian oil company called "Arakis" - which had no right to get hundreds of millions of barrels of oil in the Sudan, but it did. Arakis was taken over by Talisman in a multi-hundred million dollar deal, and now the Sudan Project is producing 155,000 barrels per day.

And, yes, Arakis had its ups and downs, and it did not have the best reputation, but at least these boys learned at Arakis what it took to get and finance a major oil project in a difficult Islamic country. I am betting that they can do it again - but this time in Iran for Tracer.
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