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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Douglas V. Fant who wrote (49386)	8/16/1999 8:20:00 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

Offshore drilling rates - starting to rise. biz.yahoo.com

To: Douglas V. Fant who wrote (49386)	8/16/1999 8:23:00 PM
From: Wowzer	Read Replies (2) \| Respond to of 95453

To all you oil experts, who are the main players in Semisubmersibles in the Gulf of Mexico? Monday August 16, 7:47 pm Eastern Time Offshore drilling rates break long losing streak HOUSTON, Aug 16 (Reuters) - Daily rental rates for offshore oil and gas drilling rigs rose in July for the first time after a steady decline in the preceding 14 months, drilling contractor Global Marine Inc.(NYSE:GLM - news) said on Monday. Global Marine said the modest rise was entirely attributable to the Gulf of Mexico, with all other major offshore drilling regions showing a further decline. Global Marine said its SCORE index of worldwide dayrates for offshore rigs rose 1.5 percent to 23.60 in July from 23.24 in June. The July index was down 66.9 percent on July 1998. ''Although international rig markets continue to be weak, improving conditions in the U.S. Gulf of Mexico are encouraging,'' Global Marine President and CEO Bob Rose said in a statement. ''Higher oil and gas prices appear to be providing the impetus for increasing drilling activity in the Gulf of Mexico, primarily by many of the independent oil and gas companies,'' he added. The table below shows the SCORE index for various regional markets and different types of drilling rigs. The index expresses the profitability of current dayrates as a percentage of the profitability of the rates drillers earned during the 1980-81 peak in the offshore drilling cycle. A SCORE value of 40 percent indicates that drillers are breaking even. A SCORE value of 60 percent indicates that drillers are operating profitably but that dayrates are not high enough to justify construction of new rigs. July 99 June 99 % change % change % change REGION on month one year five yrs Gulf of Mexico 20.74 19.22 +7.9 -63.7 -41.1 North Sea 22.91 23.61 -3.0 -72.6 -25.8 West Africa 29.47 29.61 -0.5 -60.6 -24.0 Southeast Asia 32.90 33.10 -0.6 -52.3 -10.5 Worldwide 23.60 23.24 +1.5 -66.9 -31.4 RIG TYPE Jackups 22.84 22.78 +0.3 -70.4 -41.4 Semisubmersibles 24.21 23.59 +2.6 -63.2 -12.1 . More Quotes and News: Global Marine Inc (NYSE:GLM - news) Related News Categories: US Market News

To: Douglas V. Fant who wrote (49386)	8/16/1999 11:15:00 PM
From: The Gambler	Read Replies (1) \| Respond to of 95453

Doug, I also bought into KEG on the pullback, but this pullback at over 6% sure does look ugly! Hope this is only a technical trading pullback or whatever you want to call it.

To: Douglas V. Fant who wrote (49386)	8/25/1999 2:21:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

Had my alias changed from Lingerfelt to John Q Public. Just back from Oklahoma, Rode my bicycle from Detroit to Tulsa in 6 days (3 with 105 degree temps) and stayed there a few weeks. If anyone cares, Street Atlas 6.0 is a GREAT piece of software to plan a trip using back roads. Doug, I noticed that Vickers reports a tremendous amount of insider selling in TEXP, over 40 million shares all at $5.02 during July. This right after JP Morgan upgraded the company. It was not reported before I left. Can't find any reason why, but noted the following in the 10Q: "In July 1999, Natural Gas Partners, L.P. and Natural Gas Partners II, L.P. (collectively, "NGP"), the Company's largest single shareholder group then owning approximately 30.6% of the Company's common stock, completed the sale of 11,517,629 shares of its common stock holdings in the Company in an underwritten public offering. No single person or group received more that 715,000 shares in the offering. NGP's sale of the Company's common stock was due to the requirements of their limited partnership agreements. The Company received no proceeds from the offering." comments? Stocks up nicely, especially TMR. Saw my net worth increase 19% after taxes in three weeks by doing nothing. I should do nothing more often!!