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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Razorbak who wrote (42923)4/21/1999 11:33:00 PM
From: Gary Burton  Read Replies (2) of 95453
 
Razorback et al--re FLC-- Is not the Peregrine VII the one that was expected to be cancelled but could likely be re-leased at the same or higher day rate because it was already at a below mkt rate? I seem to recall in the last conf call that the one that was late was no problem because the current mkt rate was higher than the contract rate ---re "Falcon 100"---is this another one that no one had yet suspected?? I don't own FLC but have been eyeing it..the Pergrine VII situation doesn't concern me if that's the one they were referring to earlier, but the Falcon 100 seems to be a new problem.Any thoughts on what the contracted rate currently is with Petrobras vs the current mkt rate for such a new rig come May delivery?
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