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

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To: Olaf Koch who wrote ()12/7/1999 10:07:00 AM
From: Andrew Brockway  Read Replies (2) of 95453
 
New business for FGH? The following is from RIG's press release (Dec. 6):

Depreciation and amortization would amount to $280 million in 2000, he said, adding that the new company was expected to generate a strong free cashflow after completing a new rig construction program late next year.

Are these construction projects from RIG already in the pipeline, or could this be new business for someone? Maybe Big Dog could comment. Sarge?

Andrew
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