I am a new investor to Tracer Petroleum, and as so, I took the liberty of doing some homework on the Company. Through a conversation that I had with a close source to Tracer, it would appear that there is going to be changes and some new developments within the Company as it looks to expand its exploration interests, as well as to increase its market capitalization.
From what I am to understand, the Company is strongly considering a "One for Ten" share consolidation of the outstanding common shares, a move primarily intended to maintain and secure the NASDAQ listing. In conjunction with this, the Company will be announcing in the next couple of months the appointment of a well known Canadian investment bank that will advise the Company on both the capital restructuring, as well as having a role in any future corporate financing activities that Tracer may require. I am told that this investment bank has become involved with the Company because of its relationship with a newly appointed board member, David Robinson.
With the involvement of the new investment bank, the Company is gearing up for a moderate expansion of its interests in Indonesia, as well as expanding its interests into other areas of the oil producing world, possibly Kazakhstan.
It all sounds very interesting. If it all comes together as planned, then I think that there is a good positive outlook for the immediate future, particularly as it relates to Tracers growth in the the area of exploration and hopefully an increase in its future share capitalization. Any comments? |
