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Gold/Mining/Energy : Tracer Petroleum (TCXXF)

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To: Zencone who wrote (141)3/21/1997 1:06:00 PM
From: Mohan Marette   of 1261
 
Baruch,
Thanks for posting the news, it's appreciated. I wish Tracer had
the time and foresight to post these new releases on their WEB SITE on a timely fashion,so that all shareholders and those who are interested could see what's going on with company,I thought that was the purpose
of the Web Site!

Also from the news released on Feb.05 and the March 18 regarding the
marketing agreement with IEXCO do not seem to be anything more than
hiring a consultant to find a JV partner as Tracer hasn't been
successful on their own todate. I don't understand why this is deemed
as an exciting news by some investors!

Another thing that puzzels me is that Tracer has announced earlier that they intend to drill 3 wells with a JV partner,this year (97),
assuming they can find some one (i wonder what happens if there is no
takers!!!!-just a possibility,though i wish not), now this news release on the 18th speak of drilling ONE WELL?????It does sound
rather confusing to me!

May be i am not getting it! Anybody has any opinion???

I wish Tracer find some cash and get on with the drilling,NO OIL
NO MONEY ! FRANKLY I AM KINDA GETTING TIRED OF THE PERPETUAL WAITING!
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