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: SliderOnTheBlack who wrote (36983)	2/7/1999 12:18:00 PM
From: SargeK	Read Replies (1) of 95453

Slider, More on GIFI...... Analyses Support 3Q-4Q/99 Earnings Increase quicken.com IBES estimates Earnings of $.11/1Q, $.21/2Q and $1.17 for FY99. Using these estimates (which have historically been lower than actual results), it appears the present quarter may be the "turning point" toward the glide path back to accelerated growth. If the first half estimates of $.32 is accurate, then $.85 is the forecast for the second half of 1999 or $.43 each for the 3rd and 4th quarters. This is consistent with Mr. Chauvins statement that he sees a pick up in activity later this year and is also consistent with EIA forecasts of increased demand and higher crude and natural gas prices, year over year, in 1999 and 2000. If the Company secures the Petronius replacement contract, the already "decent backlog" (Mr. Chauvins words) would be increased. The Company, along with 3 other engineering firms, are continuing development of the "Men-dock-sp?" project (a deep watet concept) which Mr. Chauvin indicated was a "good, feasible project for the future" that was receiving "worldwide interest and becoming more accepted". While no sells have yet resulted, Mr. Chauvin indicated further engineering refinements (Phase II) were being made, while marketing the concept continues and customer interest has been generated. Patent is pending. He indicated Phase I model testing in Maryland was "real favorable". I would like to know more about this and may send an E-Mail for a more comprehensive brief than that contained in the conference call. The more I examine this company, the better I like it. K

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