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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: David Spruiell who wrote (3973)11/29/1997 11:47:00 PM
From: John Carpenter  Read Replies (3) of 95453
 
Approximately 60 percent of the world's offshore acreage is
unexplored. Of this, 95 percent lies in water 3,000 feet and
deeper, accesible by only 17 percent of the world's current
active floating fleet. In RIG's 1996(the most current available)
annual report, the firm mentions that its business assumptions
are based on crude trading in the $17 to $19 range for the
foreseeable future. We are currently trading at around
$19.12. Current world events are fully consistent with
RIG's game plan.
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