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Gold/Mining/Energy : Tracer Petroleum (TCXXF)

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To: Irene Harvey who wrote (186)6/8/1997 3:36:00 AM
From: A. Fineigler   of 1261
 
Just read the recent financial and forward looking statements that accompanied Tracer's recent proxy vote mailing. The situation is begining to look more positive than it has in some time.

Some items that were encouraging were the new board members and their experience and contacts in Indonesia, the fact that Tracer has no debt, the positive seismic results and emerging geological map of their exploration areas, the proposed/planned new projects (natural gas) in Indonesia, and the fact that Tracer is not burning cash and can evidently self-finance for some time to come.

There seems to be a lot of upside potential here.

AF
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