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

To: Peter G. Troyan who wrote (626)	4/25/1998 10:22:00 AM
From: Saracen	Read Replies (1) \| Respond to of 1261

You say that Jacobs and Mowatt were going to participate in a sizable portion of the private placement, but they obviously did not put up their money because the private placement is now cancelled. If they think so much about the potential of the company, why did they not at least complete their portion of the private placement? I saw nothing in the news releases that said there was a minimum dollar amount that needed to be completed. Or, now that the private placement is dead, why have they not used the money they were going to invest to buy more stock on the market? Food for thought. P.S. There seems to be a bit of a lynch mob forming for Mr. Viggers.

To: Peter G. Troyan who wrote (626)	4/27/1998 12:48:00 PM
From: Midwesterner	Read Replies (1) \| Respond to of 1261

Something I missed on this post which is VERY IMPORTANT! "Second, I learned that Ed Mowatt is going to Jakarta next week. If the CFO is travelling to Jakarta, I would assume the company is very serious about something they are working on. I was also told that they are feverishly working on having a property signed before the meeting." I talked with the company this morning and confirmed that Ed is going to Jakarta. Of course they couldn't get into particulars, but the C.F.O. going to the area where the producing blocks they're bidding on is, sounds like this is very close to happening. It would be nice if an acquisition was made and announced prior to the meeting, wouldn't it? And you are right. The first deal will start the ball rolling and other deals would come, probably fairly quickly.