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

To: Think4Yourself who wrote (61938)	3/10/2000 2:20:00 PM
From: Think4Yourself	Respond to of 95453

Rowan Wins PanCanadian Contract to Drill Off Nova Scotia Houston, March 10 (Bloomberg) -- Rowan Cos., a U.S. oil and natural-gas driller, said it won a contract valued at as much as $41 million to drill off Nova Scotia for PanCanadian Petroleum Ltd. Two of Houston-based Rowan's offshore rigs, Gorilla III and Super Gorilla V, will operate for up to a year on PanCanadian properties near Exxon Mobil Corp.'s Sable Island gas project. Calgary, Alberta-based PanCanadian, one of Canada's biggest oil companies, said Feb. 24 that two test wells drilled 20 miles from Sable Island produced about 107 million cubic feet of gas a day. Rowan had sales of $460.6 million last year. Its shares rose 1 13/16 to 27 5/8 in midday trading. PanCanadian, which is 87 percent-owned by Canadian Pacific Ltd., fell C$0.05 to C$23.80 in Toronto.