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SUCCESSFUL FIELD DEVELOPMENT CONTINUES; ASDJ-NO. 8 WELL COMPLETED

SUCCESSFUL FIELD DEVELOPMENT CONTINUES; ASDJ-NO. 8 WELL COMPLETED
 VANCOUVER, British Columbia, May 11 /PRNewswire/ -- Tracer Petroleum Corp. (Tracer) (NASDAQ: TCXXF; Vancouver) announced today in Vancouver the successful completion of the ASDJ-No. 8 well in the Air Serdang Field, Ogan Komering Block, South Sumatra, Indonesia.
 The ASDJ-No. 8 well was drilled to a total depth of 1,580 meters and encountered oil in the prolific Batu Raja Limestone formation. Production testing resulted in flow of 2,901 barrels of oil per day of 28.3 degrees API gravity crude with 864 thousand cubic feet per day of gas on a one-inch choke.
 The ASDJ-No. 8 well was drilled to continue the appraisal and development of the Air Serdang Field. First production from the Air Serdang Field is scheduled to commence later in 1992.
 Operations in the Ogan Komering Block and the Air Serdang Field are conducted under a joint venture arrangement with Pertamina, the state oil company of Indonesia.
 Tracer owns a 4.25 percent fully carried working interest in the Air Serdang Field and the Ogan Komering Block.
 -0- 5/11/92
 /NOTE: The Vancouver Stock Exchange has neither approved nor disapproved the content of this release./
 /CONTACT: Gary R. Schell of Tracer Petroleum, 604-682-7507/
 (TCXXF) CO: Tracer Petroleum Corporation ST: British Columbia IN: OIL SU:


DC -- NY052 -- 8607 05/11/92 11:55 EDT
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Publication:PR Newswire
Date:May 11, 1992
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