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: hdrjr who wrote (68660)	6/23/2000 11:25:00 AM
From: Roebear	Read Replies (1) of 95453

hdrjr, I added on to my TESOF position this morning, after the initial runup on this news it is pulling back a bit, volume in US is up to the daily average +, Toronto looks like it is too although I don't know what the average volume there is, it is obviously high today. What do you think, could TESOF be "The Next Microsoft" of the Oil Patch?: biz.yahoo.com Thursday June 22, 5:40 pm Eastern Time Company Press Release SOURCE: Tesco Corporation Tesco Corporation Reports Offshore Casing Drilling Success CALGARY, June 22 /CNW-PRN/ - (Nasdaq:TESOF - news; TSE:TEO - news) - Tesco Corporation is pleased to report that it has successfully applied its patented Casing Drilling(TM) process to drill for a major operator in the Gulf of Mexico. Tesco believes this to be the first time 9-5/8'' casing has been used to directionally drill a section of hole. The 9-5/8'' casing was used to drill to 3,332'. The project was the first successful operation of drilling with stands of casing (two 45' lengths) with penetration rates exceeding 500 feet per hour. The deployment and retrieval of the Casing Drilling(TM) technology on a third party rig. This now opens the market to applying the Casing Drilling(TM) process to any rig, anywhere in the world. SOURCE: Tesco Corporation Well, the next Mr Softie or not, wish me luck, ggg Roebear

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