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To: diana g who wrote (45986)	6/7/1999 12:33:00 PM
From: Winkman777	Respond to of 95453

RIG may have been taken off the Norway exchange as a result of Cayman Island reorg. I recall reading this somewhere, but do not know where. I own RIG. IMHO it is only a matter of time before RIG takes off. OPEC and friends (eg Mexico) will hold on to common sense. More practical "regimes" in Iran and Venezuela will help ensure continued higher oil prices. Iraq is IMO not capable (yet) of upsetting this. Oil suppliers profits and ours as OSS owners depend on this artificial restraint of oil supply. To me it is not the only variable, but it is by far the most important one. I'm betting (80% in OSS, 20% cash) we all make a lot of $. :-) Diana, thanks for your assertive response to the recent extremism on this board. IMO you are an intelligent, articulate contributor. Please keep it up.

To: diana g who wrote (45986)	6/7/1999 12:56:00 PM
From: marc chatman	Read Replies (2) \| Respond to of 95453

<<marc, I can't find the link (No surprise!) but I remember reading that RIG was choosing to no longer be a Norwegian corp also.>> That wouldn't surprise me. Unless there is some legal requirement or advantage to having a corporate entity in a specific country, there would be no reason to maintain subsidiaries. I believe after the buyout of Transocean, the Norwegian company became a wholly owned subsidiary of the US company (I think it was Sonat, right?). So, I'd assume the Oslo exchange would have been trading d.r.'s of the US company. You may be right about Norwegian institutions holding RIG. But if they were already permitted to own a US company, they might not have a problem owning a Cayman company (unless its the "tax haven" thing). <<Where would you rather have your office---Houston or the Cayman Islands?? <G>>> It's 90 degrees here today. I don't even want to think about being some place hotter (or at least more consistently hot). <g>