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: SliderOnTheBlack who wrote (63950)	4/6/2000 10:27:00 AM
From: SliderOnTheBlack	Read Replies (1) of 95453

FGH:$170M possible liquidity from non-core asset sales...better, not great news Expectations of new orders - ie: psoitive upturn in the Oil sector etc.... $1 B in non-energy related contracts will be awarded in next 2 qtrs industry-wide... they hope to get a significant share etc... (remember HLX's former backlog levels alone were $1 B+ were they not ?)...tax refund coming, yacht division sale will net approx $5.4 M & closes tomorrow...non core asset sales approx $90 M, tax refund $30 M, $28M for Rig Components - total $170M potential asset sales Has $25M current liquidity + the $5.4M closing tomorrow - JL would not directly answer a direct question on "how long can you operate at current liquidity" !?!?!?!?!?!? - they came off very poor on this imho !!!!!!!!! This is NOT how I would want this answered... continued...aint the net grande...

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