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Gold/Mining/Energy : Anyone following UTI Energy Corp.? -- Ignore unavailable to you. Want to Upgrade?

To: Ronald J. Clark who wrote (1284)6/10/1999 2:45:00 PM
From: XOsDaWAY2GO  Respond to of 1305
 
Wonderful!

~B~



To: Ronald J. Clark who wrote (1284)6/10/1999 10:28:00 PM
From: Captain James T. Kirk  Read Replies (1) | Respond to of 1305
 
Is there a date and time of the annual shareholders meeting ?



To: Ronald J. Clark who wrote (1284)6/11/1999 2:34:00 AM
From: S. maltophilia  Read Replies (2) | Respond to of 1305
 
<<Per UTI's annual report which I just received and reviewed, UTI's rigs are 85%
utilized >>
I wish I could say that I read this the same way. On page 3 of the hardcopy report in the 10K section it looks to me like they are saying they had 38 active and 52 idle rigs out of a total of 104 (14 stacked) as of March, 1999. The 1998 average utilization was 55%, so it seems like it will take a while before they can get more rigs working.


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