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

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To: DEER HUNTER who wrote (42200)4/14/1999 9:09:00 PM
From: William JH  Read Replies (1) of 95453
 
Re: EGEO. I saw that $50 million cash figure on Yahoo and was interested myself. But according to their recent 10K they had $10.3 million as of December 31, 1998.

Also, I read that they floated a $100 million bond issue at 10 3/4%, which money they used to upgrade the two ships they own, and to pay off a previous loan.

Looks like they have a lot of assets, but the high percentage bond obligation makes them fairly risky. JMVHO
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