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Gold/Mining/Energy : Tracer Petroleum (TCXXF)

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To: Mohan Marette who wrote (268)	8/15/1997 5:54:00 PM
From: James Strauss	of 1261

BID...... Mohan: Here it is.... ................................. CORPORATE NEWS RELEASE TRACER PETROLEUM CORPORATION NASDAQ Symbol: TCXXF TCXWF Dateline: Jakarta Indonesia VSE Symbol: TCP Date: Friday, August 15, 1997 TRACER PETROLEUM CORPORATION regrets to announce that it has not been successful in its recent bid as outlined in its news release dated August 8, 1997. We continue to pursue other identified properties. On behalf of the Board of, TRACER PETROLEUM CORPORATION "Ed Mowatt" E.G. (Ed) Mowatt Chief Financial Officer

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