Tracer Petroleum (TCXXF) Message Board

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Gold/Mining/Energy : Tracer Petroleum (TCXXF)

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To: Florida Cracker who wrote (858)	12/4/1998 12:34:00 PM
From: James Strauss	Read Replies (1) of 1261

Cracker: The problems in Indonesia are probably greater than we are seeing on the evening news... As such, Tracer could be sitting on an ocean of oil without the financing to get at it... Diversification to other continents is a good idea... It will give them a chance to improve cash flow while things cool down in Indonesia... Eventually, I think their Indonesia properties will pay off... But for now, the political climate is too unstable to get reliable financing for their projects... Jim

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