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Gold/Mining/Energy : Tracer Petroleum (TCXXF)

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To: Jeff Mizer who wrote (364)11/13/1997 3:06:00 PM
From: Mohan Marette  Read Replies (1) of 1261
 
Tracer announces Q3 results.

biz.yahoo.com

Income for the 9 months totaled $250,000 dollars or so

I think this includes some revenues from sale of some marketable securites .

Revenue from the 4.25% share in the producing property were down from 2.7 million dollars to 2.5 million dollars due to a decrease in oil prices.

There was another bid submitted in late sept, but the property was taken of the market.

judging from the market today, Bid 3/16-Ask 7/32,this news obviously
didn't create any enthusiasm.
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