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Gold/Mining/Energy : Tracer Petroleum (TCXXF)

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To: James Strauss who wrote (257)8/10/1997 4:19:00 PM
From: Peter G. Troyan   of 1261
 
Jim

These properties also represent drilling into a structure known to contain oil. They can increase income with development drilling. Mr. Jacobs and the geologist he brought to Tracer did an excellent job delineating the Air Sedang and Guruh fields in the OK Block.
This should be right up their alley and add production. It depends on the size of the proven reserves. Any guesstimates?
The 2.00 stock price would seem to be a good target. I will be overjoyed!!

Pete
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