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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: upanddown who wrote (12493)8/25/2002 9:37:51 AM
From: jim_p  Read Replies (1) of 206334
 
John,

Here's a computer translation:

NHO- boss a large stake in PGS-lotto

Lowest. NHO- boss Jens Ulltveit-Moe stake millions at that facts gjeldstyngede seismik kselskapet PGS comes on an even keel. If company bail out, able investment prove to be gullkantet. But continued drape konkurrsspøkel set above facts gjeldstyngede PGS.

ALF OLE ASK


Buyer up. Petroleum Geo- Service has last summer halt atbørsen. Amalgamation with the Canadian A veritable stepped in wash and PGS lie heavy at debt. IN it condition has NHO- president Jens Ulltveit-Moe by Umoe Invest bought 10.06, per cent at company and am with that PGS' greatest Norwegian shareholder. It is the only Citibank as by her client contact am bigger.

It has been was gambling in that Umoe also am the joint owner in bond issue at PGS and with that now both sit as owner and lender with the gjelds for handlingene bound to advent. Konsern directør Erlend Grimstad in Umoe won't answer at about Umoe am in at lånesiden.

Umoe owner now 10.4, million shares bought above interval. Konsern directør Erlend Grimstad in Umoe bracket won't say any about as shares is bought. But in they lastly the weeks has the price of Umoe- shares come around three at four crown pr. share

As Umoe yesterday ensign her the ownership directed facts at that the price of PGS share was jumping up at 5.92, crown. That means that share is on the facts greatly data level afterwards 30. July, as amalgamation along with A veritable DGC cracked. For a year afterwards stayed rate of stocks 110 crown. Along with a depreciation at above 90 per cent is it apparent that aktørene in aksjemarkedet no matter has bumper relying on company and conductorship

Investor responsible in PGS, Day Reynolds declared at different the media yesterday that company discern delight at to a few Umoe in ateiersiden.

Oljeproduksjon

Ifoljeproduksjons- and seismikk- company PGS bail out, ableNHO- manager's investment prove to be gullkantet. PGS ama company as at a good many methods has been technological conducting inside seismikk and company has specialized her atafloat oil- and gas output. It is the as also facts absorbing technological as Umoe accentuates as company give one's reason for her investment.

PGS getting now a active industrial owner. Company has along at now large sett been was dominating at the institutions holders. Committee has been chairman Michaelsens håndplukkede men.

Gründer and chairman and managing director Reidar Michaelsen has been a absolute rule administrator at PGS in saw well the increase as under breakdown.

Relying on Michaelsen

In they lastly the weeks have a array analysts and other ment that Michaelsen can be a block for relying on company.

- Has you relying on Michaelsen?

- It has we neither annotation at, say konserndirektør Erlend Grimstad in Umoe bracket at Evening post.

Michaelsen has warned that he am outgoing as managing director against New Year, but he has ambitions about to carry on as chairman.

A good many considers facts only am a tidsspørsmål a prior Michaelsen must go dates back to to contribute at to restore confidence in company.

- Weam a langsiktig industrial Annonse


investor We're obviously apparent above that company has at last challenge, say Grimstad.

- Comes you now at to ask for styreplass?

- It has we nor a few annotationat now, say he and am laughing cordial as we ask questions about Umoe has at intent to buy her additional up.

- Nice try, say it a prior Senterpartipolitikeren as after a period as statssekretær in Oil- and energy departementet became konsern direktør in Umoe.

- Has you been in contact a long with other shareholders in company about it condition company tied up her in?

- We have no matter additional comments at this now, say Grimstad.
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