SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Strictly: Drilling II
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Frank Pembleton who wrote (12495)5/17/2002 9:36:46 AM
From: isopatch  Read Replies (2) of 36161
 
Frank. Why post only the bearish part of the Tesco report?

There are some very positive developments that you excluded from your post. From which I quote:

<During the quarter, Tesco signed two contracts to deliver Casing Drilling(TM) services. A long-term contract with Conoco Inc. has Tesco constructing three purpose-built drilling rigs to service the contract, with drilling scheduled to start in September of this year. The second contract with an Algerian drilling contractor will see Tesco deploy its Casing Drilling(TM) technology to drill six water wells in Algeria. In addition, the Company continues to successfully deploy the Casing Drive System in casing running field trials.

During the quarter, research and development activities focused on directional drilling with casing. The viability of using Casing Drilling(TM) on deviated and horizontal wells was confirmed through a series of trials conducted in the Tesco test well located in Calgary. The ability of Tesco's tools to directionally drill to horizontal and then be retrieved is critical to solving the high cost of unscheduled events presently occurring in the North Sea. To the best of our knowledge Tesco is the only company in the world to demonstrate the ability to casing drill directionally with a retrievable assembly. At the end of May, Tesco's tools will be combined with the downhole tools provided by other service companies in a test well located in Aberdeen, Scotland. This test is being conducted to confirm that all suppliers' tools used in this project function with Tesco's Casing Drilling(TM) process.>

biz.yahoo.com.

Isopatch
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News