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: Crimson Ghost who wrote (56496)	12/8/1999 4:54:00 PM
From: BigBull	Read Replies (1) of 95453

George, re Capex, I think this article is a must read. oilandgasonline.com{6EB4C10A-A1A5-11D3-9A73-00A0C9C83AFB}&Bucket=Latest+Headlines I'm sure you recall that an oil analyst had said he was gloomy on OSX prospects due to the fact that he was only projecting an 8% increase in capex by the majors this year. His analyses is proving to be flawed in the extreme. The GOM WILL be verrrryyyy busy, very busy indeed. The new season should open with a bang. New contracts are not far away. With this kind of reserve depletion the US - MUST - I repeat - MUST - find and produce more oil and gas. We simply have no other choice. JMVVHO Bull

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