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Gold/Mining/Energy : Tracer Petroleum (TCXXF) -- Ignore unavailable to you. Want to Upgrade?


To: virginijus poshkus who wrote (360)10/29/1997 11:14:00 AM
From: James Strauss  Respond to of 1261
 
Something's Gotta Give....

>>>James, i just purchase another 5000 shares. this animal has been dead long enough. they have 1 million in the bank. a jv deal could be done on tanjung to drill another well. tcxxf can become a participant in a development play soon. their talisman well, 4.25%, is pumping around 20,000 bpd. any one of these things that bear fruit will cause the stock to double.<<<
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Vargas:

Good for you....

I think you are being very conservative with that Double... I believe that any hint of a successful deal will send Tracer towards 1.00... And... If they find oil, the sky is the limit...

Jim



To: virginijus poshkus who wrote (360)10/29/1997 1:23:00 PM
From: Mohan Marette  Read Replies (1) | Respond to of 1261
 
Vargas, I believe drilling just another well is not an idea Steve Jacobs like to entertain,as he himself said in one of his news releases (dont recall which one) that he much rather have a drilling program where they can drill a 'statistically significant' number of wells, which he puts at 8 or so wells. But then again anything can happen, as I have no idea what is going on anyway.