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To: Dale Baker who wrote (31204)	9/25/2002 10:52:36 AM
From: Dale Baker	Read Replies (1) of 118717

Ulltveit-Moe Proposes Himself as New Chairman of Petroleum Geo By Petter Narvestad Oslo, Sept. 25 (Bloomberg) -- Investor Jens Ulltveit-Moe nominated himself as the chairman of Petroleum Geo-Services ASA. He also proposed Reidar Michaelsen, chairman and chief executive of the debt-laden mapper of oil reserves, as a board member. Shareholders are set to vote on a new board of eight members, of which four would be new ones, this Friday at a shareholders meeting in Oslo. Ulltveit-Moe, 57, is PGS's biggest owner with more than 10 percent of the stock. He seeks a board of directors with ``solid experience from industrial operations and demanding financial tasks,'' according to a faxed statement.

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