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

To: SliderOnTheBlack who wrote (61092)	2/29/2000 2:06:00 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 95453

To: SliderOnTheBlack who wrote (61092)	2/29/2000 2:24:00 PM
From: Big Dog	Respond to of 95453

HOUSTON, Feb. 29 /PRNewswire/ -- Noble Drilling Corporation (NYSE: NE - news) announced today that it has negotiated a resolution to the dispute with Mariner Energy, Inc. regarding the use by Mariner of Noble's newly converted semisubmersible, the Noble Homer Ferrington. As announced on January 10, 2000, Noble had previously filed suit against Mariner and Samedan Oil Corporation for breach of contract regarding the use of the rig. As part of the settlement, Mariner and Noble have executed agreements covering use of the Noble Homer Ferrington at variable dayrates for 660 days during a five- year period. Noble will also receive working interests in seven of Mariner's deepwater exploration prospects. Mariner will pay Noble's share of the drilling costs during the initial test well on each of those prospects.