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

To: SargeK who wrote (55560)	11/29/1999 10:29:00 AM
From: paul feldman	Read Replies (3) \| Respond to of 95453

Friede Goldman Offshore Awarded Oceaneering Mobile Offshore Production Unit Contract; Merger Integration Efforts Produce Office Closings, Asset Sales November 29, 1999 10:05 AM GULFPORT, Miss.--(BUSINESS WIRE)--Nov. 29, 1999--Friede Goldman Offshore, the offshore energy division of Friede Goldman Halter, Inc. FGH , today announced that Oceaneering International, Inc. OII has awarded it a contract for shipyard work in Oceaneering's conversion of its Marine 7 jackup to a production unit. The unit will operate in the Legendre North and South fields on the North West Shelf of Western Australia. "We are extremely pleased to receive this contract from Oceaneering," said J. L. Holloway, chairman and chief executive officer of Friede Goldman Halter. "Oceaneering has a history of offering innovative and cost-effective solutions to its customers and we are proud to be part of that solution for the Legendre field." The Marine 7 conversion is the only the latest such project that FGO has undertaken with Oceaneering. FGO converted a super tanker into the Zafiro Producer FPSO and also converted the Gulftide jackup to a production unit. FGO has completed more than a dozen offshore production conversion projects. In addition, the company recently delivered a skid-mounted production unit to the Middle East. "FGO is well suited to be a leader in the offshore production market. We have assembled a marketing/design team that is one of the most experienced in the industry, and we are actively pursuing projects around the world," Holloway said. Merger Update: "With the closing of the merger on November 3, management is moving aggressively to execute our business plan," Holloway said. "I am pleased to report that we have completed several steps in that process. The FGI corporate offices in Jackson have been closed, and we will complete the consolidation of our Houston sales offices in early December, both of which should produce significant annual savings. We are also in the process of consolidating resources at three of our shipyard facilities in Pascagoula, Miss., along with our training facilities," Holloway said. "We will aggressively pursue our goal of increasing efficiency and profitability in each business segment. To that end, we recently completed the sale of the fishing vessel product line of McElroy Machinery. This sale has yielded a total consideration of $2 million and will enable management to focus on the higher value segments of the engineered products business. This sale is part of our stated goal of evaluating all facilities and businesses for possible divestiture and that process will continue," Holloway concluded. Friede Goldman Halter is a world leader in the design and manufacture of equipment for the maritime and offshore energy industries. Its operating units are Friede Goldman Offshore (construction, upgrade and repair of drilling units, mobile production units and offshore construction equipment), Halter Marine (construction and repair of ocean-going vessels for commercial and governmental markets), FGH Engineered Products Group (design and manufacture of cranes, winches, mooring systems and marine deck equipment), and Friede & Goldman Ltd. (naval architecture and marine engineering). The statements contained in this press release that are not historical in nature are forward-looking statements. The forward-looking statements contained here-in are based on current expectations and are not guarantees since there are inherent difficulties in predicting future results, and actual results could differ materially from those expressed or implied in the forward-looking statements. These factors include, without limitation, those disclosed in the Form S-4 and other filings with the Securities and Exchange Commission for Friede Goldman Halter. CONTACT: Friede Goldman Halter Inc., Gulfport John S. Hastings, 228/897-4987 fgh.com Terms of Use, and Privacy Policy ¸ 1996-1999 Microsoft Corporation and/or its suppliers. All rights reserved. ¸ 1999 Business Wire.

To: SargeK who wrote (55560)	12/1/1999 8:58:00 AM
From: SargeK	Read Replies (1) \| Respond to of 95453

FGH - Tax Selling Abating Posted on YAHOO FGH message board: post.messages.yahoo.com I expect today to mark the first of many good days for FGH. Good luck! SargeK

To: SargeK who wrote (55560)	12/28/1999 9:40:00 AM
From: SargeK	Read Replies (1) \| Respond to of 95453

Supply(Selling)/Demand(Buying) Equation has shifted for FGH! With only a few more days of tax-selling remaining, it appears that Bargain Hunters and buying support from Longs (who are now reestablishing positions)relinquished last month for the '99 deduction are meeting the challenge of last minute tax sellers. It also appears that 6 5/16 all time low set on Dec 23rd quote.yahoo.com marks the turning point and the current up trend may be the precursor of much stronger trend which may generally be expected to begin next week. While the demand(buying) side might be expected to continue its current pace the opposite may be true on the supply/(selling) side of the equation. WHY would anyone with thoughts of selling wait until January to do so, when prospects for the company are generally expected to improve with the beginning of the New Year. FGH/IR says inquiries are booming and other issues which have clouded the company for months are generally expected to be resolved over the next few weeks including expected NEW ORDERs next month. O/T Slider is now posting from the galley on the "Good Ship Lollypop" and as usual he is carrying on a conversation with himself. This depraved maniacal tyrant (so revered on this message board) went so far as to use the name of my son Keith as one of his Yahoo aliases in his continuing ridiculous personal assaults. This Boiler Room manipulator will stop at nothing. You want him, you got him! messages.yahoo.com My Yahoo FGH message Count indicator appears to be cooling down. Average daily posts since the beginning of the message board is 46.6. The 3 DMA ending Dec 23rd of 160 declined to yesterday?s number posted of only 113 (single day). This suggests that employers of Slider/Artic7 (Boiler Room) etal, have secured their positions and posts will either abate further or turn BULLISH (with new identities) with the New Year. FWIW Happy New Year and Good Luck and Fortune to all. SargeK