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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Big Dog who wrote (4766)12/10/1997 9:20:00 PM
From: Bob A Louie  Read Replies (4) of 95453
 
Mike, how do you figure they're spending more? TX spent 3.8B on e&p in 97 and will spend 3.8B in 98. 70% of total for 98-2002 vs 82.6% in 98.

<''The jury is out, ladies and gentlemen, on exploration. We will reduce the money we are going to spend in 1998 and beyond,'' he said.>
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