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


To: articwarrior who wrote (51681)9/23/1999 10:19:00 AM
From: articwarrior  Respond to of 95453
 
More on PGO...

PGO, along with other geophysical contractors, have seen strong pricing inquiries in recent weeks regarding deepwater data in the U.S. Gulf, West Africa, and other areas. Assuming oil companies start to spend unused budget allocations in the fourth quarter, we believe multi-client sales could start to accelerate, yielding potential upside to our estimate. Also, a ruling on the tax treatment of the Varg FPSO is anticipated shortly, which could add approximately $0.02-$0.03 to second half earnings, if favorable.

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