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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: marc chatman who wrote (30764)10/15/1998 9:27:00 PM
From: Aggie  Read Replies (1) of 95453
 
marc, hello

This is good news. It looks like the LOI has locked in a dayrate of about 200K, more or less.

Each time a long term contract like this comes into the picture will spell good news for the sector by way of the stabilizing influence of long term revenue.

Do you reckon this preferred stock option is a way of financing this venture?

Good luck to all,

Aggie
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