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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SargeK who wrote (40224)3/17/1999 4:01:00 PM
From: JungleInvestor  Read Replies (2) of 95453
 
Sarge, you had asked the question to Mr. Chauvin about the recoverability of the module and following is what he told you:

To: SargeK (33022 )
From: SargeK Thursday, Dec 17 1998 1:18PM ET
Reply # of 40226

Slider, (re: GIFI)

I just spoke with Mr. Chauvin/Pres. Gulf Island.. I ask him if the GIFI module on the Petronius platform was recoverable. He said he didn't know, but it was unlikely since nothing of that magnitude had ever been recovered (in repairable condition) from those depths (over 1700) in the GOM. When asked if he thought they would get a contract for replacement, he stated he didn't know but hoped so and added that the insurance carrier would be part of the decision making along w/ TEXACO & MARATHON.
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