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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Bazmataz who wrote (14670)3/12/1998 7:31:00 PM
From: Teddy  Read Replies (1) of 95453
 
GLM is a good company. As i posted a few days ago, Soros is down on a large number of shares that he bought.

The thing that bothers me most is that Global Marine's President and
Chief Operating Officer John G. Ryan had part of his brain removed on Feb. 9.

But, to follow up on a question that i asked the thread twice (that no one answered yet),
Global Marine Inc. said on March 3rd that it won a contract to lease an
ultra-deepwater drill ship to Australian firm Broken Hill Proprietary Co.'s
BHP Petroleum unit. BHP will use the drill ship for 30 of 36 months following delivery.
Global
Marine expects revenue over the contract's three-year period will be about
$186 million. The company said the drill ship is scheduled to be delivered in
the fourth quarter of 1999.
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