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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Czechsinthemail who wrote (14308)3/10/1998 4:11:00 PM
From: Lucretius  Read Replies (1) of 95453
 
As I understand it, the remaining 3 subs are too small for the conversion. The Shelf 4 will be announced soon as far as I know. I'm not familiar w/ what schroder is saying. NE doesn't have any of their jackup K's expiring until late '98. Although some expired in Jan and Feb and have been renewed. NE doesn't comment on the dayrates that it receives. They're usually 1 to 3 yrs in duration. The next major wave of K rollovers comes in mid '99.

-Lucretius
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