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

To: k.ramesh who wrote (52338)	10/4/1999 9:33:00 AM
From: Gary Burton	Respond to of 95453

fwiw--Brown Bros Harriman downgrades overall market outlook from N to Moderately Bearish on a 6 month basis--remaining at N on 3 month basis.---(presumably they are concerned with inventory buildup and overstocking nearterm due to y2k fears causing significant slowdown in production etc shortly thereafter).

To: k.ramesh who wrote (52338)	10/4/1999 9:51:00 AM
From: k.ramesh	Respond to of 95453

I answered some of my own questions. MRL's Marine 500 semi was "accepted" on 99 07 06 and set sail for Australia from S'pore. By 99 09 24, it had already made a significant discovery of Gas in West Australia for a Chevron JV. Its contract runs thru 2001 so, Hitting paydirt does not mean end of game for the driller. Ramesh.