Tracer Petroleum (TCXXF) Message Board

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Gold/Mining/Energy : Tracer Petroleum (TCXXF)

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To: Saracen who wrote (632)	4/25/1998 2:52:00 PM
From: Midwesterner	of 1261

This is becoming a busy thread again, great. I think you are close to the valuation range, but will still see some of the "bottom fishers" bidding 1/8. Didn't say buying, but the bid will be 1/8 occasionally. The discovery at Ngurit #1 is there. The results were impacted by a time delay which I won't go into right now. I'm positive they will drill the Ngurit #2 by June. There is gas there and it's going to be profitable to Tracer. Jim Daly had a post on here about his talk with Ed Mowatt and said something about oil at that find also. That is not true, he misunderstood, there is no oil there. They will start drilling as soon as all permits and ok's have been secured. And I agree, I looking forward to the end of June also.

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