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

To: Saracen who wrote (640)	4/26/1998 4:53:00 AM
From: mvette	Respond to of 1261

Dan Dorfman.... Dan the man!! I remember back when I first started trading.... I read the books... thought I had a feel for the market.. watch CNBC 8 hours a day... and Dan came on yelling on the tv about how TCXXF could not do wrong... bought my first stock 10k shares... if someone on CNBC could be so strong on a stock how could I do wrong?? well I still own TCXXF and a lot less money... I have learned to check out any stock and not jump cause some fool says its a buy even Dan the Man.... still watch CNBC but not if the bring "The Man" back, and always check out the stock myself.... I really should sell this and be out but at this point it is insurance money and worth the small chance of a find......

To: Saracen who wrote (640)	4/26/1998 11:01:00 AM
From: James Strauss	Read Replies (1) \| Respond to of 1261

Saracen: I'm no fan of Dorfman, but, not everything he said was wrong... Who could have put a value on the North Sea oil reserves before the big strike? Tracer has land right in the middle of known proven reserves... Just because a nurse misses the vein when trying to take blood doesn't mean that the blood isn't there... I think Tracer will hit the right vein... Jim

To: Saracen who wrote (640)	4/26/1998 1:32:00 PM
From: Peter G. Troyan	Read Replies (1) \| Respond to of 1261

Saracen, I think you are mistaken about Ngurit. True, the field is in the middle of nowhere, and that is the reason the prior management did not drill here again, choosing to go to Muya, for oil, closer to the pipeline. But, things have changed at Ngurit. They have done a study, and have found that any gas discovered can be used to fuel a power generation plant in the area. The area as badly in need of power to grow. They have people and the government willing to undertake this project. So, the gas can be brought to market. The other thing that you may overlook is that if Ngurit is indeed commercial, and the company believes it is, it proves that hydrocarbons have indeed been trapped on this block. This will give confidence to any companies interested in becoming a partner, assuming other structures also contain hydrocarbons. That is why this well is indeed of significance to Tracer. Pete