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

To: victorw who wrote (59152)	1/26/2000 11:23:00 AM
From: victorw	Read Replies (2) \| Respond to of 95453

Bloomberg says Saudi and Norway say "glut is over". Oil dropping.

To: victorw who wrote (59152)	1/26/2000 11:29:00 AM
From: Big Dog	Respond to of 95453

There are no drilling results yet in the Caspian, with regards to PKD and OKIOC. This week PKD Rig 257 will reach the formation. Then in March when the ice clears they will enter the formation. If its a 'hit', PKD may also be a 'hit' and the Caspian enthusiasm will begin anew. Also, PKD is in good shape in th GOM with its 7 jackups and barges duopoly with FLC. Plus, PKD is the specialist in remote, hard to reach, locations worldwide. High oil prices will encourage more of those types of wells...with fat margins. All of which, and more, was pointed out in Sunday's Offshore Drilling Bits. big atoffshore.com