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

To: SliderOnTheBlack who wrote (58416)	1/13/2000 2:23:00 PM
From: Meridian	Respond to of 95453

Slider: small warning on PGO These guys employ the most aggressive seismic accounting of anyone out there. Seismic is slowing - witness SLB and BHI, and the risk is that PGO announces a writedown of their data library. They capitalize everything they can, and ammortize over 5-7 years I think. Who knows what they count as assets ... and as business slows they may have to look at the return they can get on some of the more dubious assets. May never come to fruition, only an FYI