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

To: Peter G. Troyan who wrote (803)	8/27/1998 9:27:00 PM
From: Dave K	Read Replies (1) \| Respond to of 1261

Pete, thanks again for filling in the important facts. The focus has now shifted to potential new Indo bank blocks. This sounds fine <as a start> as long as these blocks are made available as promised. The key question I and many investors want to know is the status of NT block as far as oil exploration. Recall all the talk over the years about potential pockets of small sizable reserves etc, esp. in the north. What about the $mill spent on seismic etc. Kinda sounds like NT block oil exploration is now history ? Sure the case for gas is good right now but oil is still going to be key in this region a few years down the road (or maybe sooner if Russia goes into turmoil).