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Gold/Mining/Energy : Tracer Petroleum (TCXXF)

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To: ziad daoudi who wrote (234)8/6/1997 6:18:00 AM
From: Mohan Marette   of 1261
 
Well i got an answer as well, which pretty much says 'nothing',at least nothing new.I guess Mowatt and Doctor have moved up in status as they got the new kid to answer the email now.
----------------------------------------------------------------------
At 11:53 AM 7/31/97 -0700, you wrote:
>Attn: Mr.Ed Mowatt/CFO&Director
>
>Dear Sir,
>
>I am quite interested in knowing the following :-
>
>1. Status of the Joint Venture partner search?
> Anything coming from the newly hired consultant?
>
>2. Status of the search for producing properties.
>
>Can we expect any news from the Tracer in the next few weeks?
>
>A quick response will be greatly appreciated.
>
>Best regards
>M.Marette
>Investor
>

Dear Mr. Marette;

In response to your questions above

1) The talks with potential joint venture partners continue. No agreements have been signed as yet.

2) Currently the Company is looking at a number of producing properties and the bid preparation process continues.

News will be released as soon as any significant developments occur with respect to either a joint venture or a producing property.

Regards

Riaz Sumar
Accountant
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