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: BigBull who wrote (72918)	9/11/2000 8:41:12 AM
From: Big Dog	Read Replies (2) of 95453

TULSA, Okla., Sept. 11 /PRNewswire/ -- Parker Drilling (NYSE: PKD - news), a global provider of oil and gas drilling services and equipment, announced its intention to sell approximately 12,000,000 shares of common stock pursuant to an effective shelf registration statement, exclusive of any underwriters' over-allotment option. The net proceeds from the underwritten offering will be used to acquire, upgrade, and refurbish certain offshore and land drilling rigs, in response to the growing demand for both U.S. and international drilling rigs, and for general corporate purposes, including the repayment of debt.

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