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

To: Hunter Trout who wrote (678)	5/3/1998 2:51:00 PM
From: Peter G. Troyan	Respond to of 1261

As i have stated I do not think this will happen overnight. The $2 I state would be equivalent to $20 post consolidation. With the right deals, financing, and drilling at Ngurit, possibly with a farm-in partner, this is possible. These are all things that are on the table, but as I have stated, they must take the first step. That step is the properties under option. Read the other posts I have written. The company has many things in the works, but they need the first deal to get the ball rolling. This company is undervalued at .15 cents, I think everyone will agree. With a little luck, they can reach this goal, and really start to grow. Tracer has been extremely close on closing a deal for 18 months. An awful lot of work goes into evaluating a property, before it is bid on. I do not agree that Jacobs has done nothing. They have lost a few properties in the final stages, for reasons beyond their control. Now they have the deal they want on the table. If they are successful, other deals will come easier, as confidence will show in their abilities. It is also positive that they are not bleeding red ink, and are not loaded with debt. If they were, we wouldn't even be discussing them right now. Pete