Strictly: Drilling and oil-field services Message Board

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

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To: Shelia Jones who wrote (18726)	4/10/1998 8:50:00 PM
From: NucTrader	Read Replies (2) of 95453

>>Can someone please interpret this for me ? Anyone?, anyone?<< Sheila, how about this? We anticipate a move in the GOM from high end jack-off, er jack-up rigs to shallow water rigs. The move will result in lower day rates for high end jack-ups, and increased day rates for shallow rigs. While day rates for high end jack-ups and shallow rigs are connected, we do not believe rate price erosion in the former will prevent rate rise in the latter. ;-)

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