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: Robert Floyd who wrote (27928)	8/18/1998 1:10:00 PM
From: Bazmataz	Read Replies (1) of 95453

More bad news for Rowan.... Rowan Gorilla V HOUSTON, Aug. 18 /PRNewswire/ -- On August 17, 1998 at approximately 4:00 p.m., there was an accident on ''Rowan Gorilla V''. Two employees were killed and a third was injured. During the leg erection process at Sabine Pass, Texas, a 66 foot long leg section weighing approximately 430,000 pounds was being lowered by a crane when the load experienced an uncontrolled decent. The cause of the accident is under investigation. Rowan Companies, Inc. (NYSE: RDC - news) is a major provider of international and domestic offshore contract drilling and aviation services. The Company also operates a mini-steel mill, a manufacturing facility that produces heavy equipment for the mining and timber industries, and a marine division that has designed and built over one-third of all mobile offshore jack-up drilling rigs. The Company's stock is traded on the New York Stock Exchange and the Pacific Stock Exchange. Common Stock trading symbol: RDC.

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