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To: John Paquet who wrote (361)	1/29/2000 7:37:00 PM
From: goldsnow	Respond to of 507

SEI (NYSE) John came across this researching Oil/SLB..Thoughts? Kicking in during the March quarter is a joint survey being conducted in the Gulf of Mexico. The survey is part of an alliance Seitel has with Schlumberger (NYSE:SLB - news) . Under the terms of the agreement, work is to begin at 35 sites in the Gulf. Schlumberger's seismic subsidiary, Geco-Prakla, will provide the personnel, and Seitel is to arrange for funding. Ultimately the alliance could shoot up to 444 blocks in the Gulf region. fnews.yahoo.com

To: John Paquet who wrote (361)	2/2/2000 11:52:00 AM
From: goldsnow	Respond to of 507

Inventories are down 18 percent since April, when the OPEC- led coalition moved to eliminate a worldwide glut. Oil rose as high as $29.95 a barrel last month because of the supply shortfall, and the 10.4 million-barrel drop in yesterday's report could send prices back toward that nine-year high, traders said. ``I'd have to say they're pretty supportive numbers,' said Chris Schachte, an analyst at GSC Energy Corp. in Atlanta. ``I don't know if we'll see $30 a barrel today, but I'd be surprised if they didn't take another run at it.' quote.bloomberg.com