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

To: Roebear who wrote (54408)	11/10/1999 5:28:00 PM
From: SargeK	Read Replies (1) \| Respond to of 95453

FGH Information Request I just received response to the following request for information: "TO: IR@fgh.com Mr. J. L. Holloway, Dear Mr. Holloway, I am concerned about the vast amount of information made available to the investing public concerning FGH which is outdated and erroneous. eg. quote.yahoo.com Would you please release current consolidated fundamental information with respect to: 1. Backlog 2. #shares outstanding 3. Stockholders Equity 4. Book Value 5. etc..... and will you provide an approximate release date on the quarterly reports (ending 9/30/99) of HLX and FGI, or; if consolidated FGH ????? I am a strong supporter of your efforts to grow stock holders equity. I have read your press releases, listened in on conference calls and observed you on CNBC with Mark Haines. I currently own over 10k shares of FGH and would very much like to see them grow substantially in value. As the Company's largest shareholder, I am sure you share this view. Additionally, will you provide updates on the lawsuit(arbitration) and progress on the Brazil "Millinium 2000" drilling ship. Any news you may provide will certainly be better than the garbage that's out there now. Thank you. I will quote your response on Silicon Investor "Strictly Drilling" message board with little or no comment. Sincerely, SargeK MSgt, USAF, Retired (Frequent poster to the Silicon Investor and Yahoo message boards.) Note: You might wish to release to the general public via your Website the Interview provided last month to Drilling Bits. I don't like the idea of paying a subscription fee for information which as a stockholder I am rightfully entitled. Thanks again!" RESPONSE from IR@fgh.com “Dear Sarge: Thanks for the interest in Friede Goldman Halter. In response to your questions: 1. We have informed Yahoo, Bloomberg and other sources of the changes in corporate information. Please check our website, www.fgh.com, for the most recent press releases and other information from the company. 2. Consolidated financial information for the merged company will be provided in the Form 10-K, which will be filed no later than March 31, 2000. A date has not yet been set for the announcement of earnings for the period ended December 31, 1999. The transaction is being treated as a purchase and as a result, several balance sheet items will be adjusted in accordance with purchase accounting rules. You might wish to review pages F-3 through F-6 of the proxy statement for a preliminary discussion of likely accounting statement adjustments. 3. It is anticipated that a Form 10-Q for the period ended September 30, 1999 will be filed for Friede Goldman International on November 15, 1999. As reported on October 25, 1999, Friede Goldman International's financial results for the period will be negatively impacted by a charge related to a contract dispute with Ocean Rig ASA of Norway. Because of the sensitive nature of the ongoing negotiations to resolve the dispute, the company plans to limit its discussion of the quarterly results to the Form 10-Q. Halter Marine Group will not file a Form 10-Q nor report earnings for the period ended September 30, 1999. 4. Your question regarding the status of the lawsuit(arbitration) of the drill ship is perhaps misstated. FGH is building a Millenium-class semisubmersible drilling unit for use in Brazil. That project is not involved in any form of lawsuit or arbitration. The Ocean Rig dispute is discussed in item #3 above. 5. Mr. Holloway's interview in Offshore Drilling Bits is copyrighted and the property of Mr. Simmons; therefore, that interview is not FGH's to distribute. Thanks again for your continued interest in our new company. John Hastings Investor Relations”