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: Frank Pembleton who wrote (90907)	5/19/2001 9:21:18 PM
From: Frank Pembleton	of 95453

Analyst Report On DLR Yorkton Securities 12-month target: $2.65 ---------- From Q1 (DLR on the Toronto Stock Exchange) Drillers Technology has contracted two rigs to Tesco Corporation to drill multi-well casing drilling programs in the United States. The first rig has been mobilized to Texas where it is contracted to a major U.S. producer in an extended program. The second rig is currently testing casing drilling tools and is expected to be mobilized to the U.S. prior to the end of May 2001. ---------- From Yorkton Tesco has stated publicly in the past two weeks that it expects to have another four casing drilling rigs running by year end. Wait! There's more: Tesco management has previously indicated to us that the market potential for casing drilling could be as much as $1 billion per year... ----------- Caveat: I am a Tesco shareholder, and I have been bullish on this stock for about 18 months :) I also wrote a blurb on DLR a while back, see -->> #90907 Best Regards Frank P.

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