Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: GREENLAW4-7 who wrote (72621)	9/7/2000 8:41:00 PM
From: Aggie	Read Replies (1) of 95453

greenlaw4-7, good evening, You are certainly entitled to your perspective. In fall of '97 I was living the experience of the asian downturn in person and planning an exploration program at the same time in Jakarta. I can tell you that, although the OSX was strong in mid-97 the feeling in the patch front lines, on a daily basis, was anything but. We all knew what was coming, some knew why, and I was taking full advantage as an operator getting some great deals on rigs and services. Well before the crash. I can also tell you that things right now are not at all as they were then, either in Jakarta or where I am currently working. Everybody is flat out trying to scrape up people, and trying to line up new equipment, and in some cases, scrape up old. I'm acting accordingly. Regards and Good Luck. Aggie

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