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Gold/Mining/Energy : Tracer Petroleum (TCXXF)
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To: loanshark99 who wrote (1103)5/27/1999 2:32:00 PM
From: BeachDude  Read Replies (2) of 1261
 
This is a penny stock that can be manipulated at any time by a few people. Don't be fooled. Yemen is a difficult place to do business. The results of the #2 well are inconclusive, drilled in tough geology. The oil/water contact has been established. Their small WI requires the find to be huge to be developed and be meaningfull to the company, and then there is NO guarantee that financing will become available. They do not operate the well apparently, which means you can't control your own destiny, and can be squeezed and AFEd to death. I've seen countless bogus and/or real finds that for one reason or another were not developed, or the stock price of a small partner rises, then falls damatically. I pass. Good luck.
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