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

To: Think4Yourself who wrote (63437)	3/30/2000 11:41:00 AM
From: ItsAllCyclical	Respond to of 95453

Bought some PGO April 17.5 calls. I don't normally buy such a close expiration or out-of-money calls, but the latest run in the OSX makes it that much more likely PGO will breakout soon in a big way (20+). Plus with all my profits I can afford to take some small chances. If I didn't already have PGO shares I probably would have bought the May's. Also bought some KEG. Taking a little bit off the table in my winners and putting it into laggards. I have a little bit of breathing room now with respect to margin, but not selling much.

To: Think4Yourself who wrote (63437)	3/30/2000 11:49:00 AM
From: The Ox	Read Replies (2) \| Respond to of 95453

Grey Wolf, Inc. Announces $52 Million Stock Offering HOUSTON, March 30 /PRNewswire/ -- Grey Wolf, Inc. (Amex: GW) ("Grey Wolf" or the "Company"), announced today the offering of 13,000,000 shares of its common stock in an underwritten offering at a net price of $4.00 per share. The Company expects to close the offering on April 4, 2000. Johnson Rice & Company L.L.C. will serve as sole underwriter for the offering. The net proceeds from the offering will be used to purchase five top drive units, for capital expenditures to return some of Company's rigs to marketed status when market conditions justify their reactivation and for general corporate purposes including working capital. Grey Wolf, headquartered in Houston, Texas, is a provider of contract oil and gas land drilling services in the Ark-La-Tex, Gulf Coast, Mississippi/Alabama and South Texas regions with a total domestic drilling rig fleet of 120. This announcement is neither an offer to sell nor a solicitation of an offer to buy these securities. The offering of these securities will only be made by the prospectus and the related prospectus supplement. Copies of the prospectus and the related prospectus supplement are available from Johnson Rice & Company L.L.C., 639 Loyola Ave., Suite 2775, New Orleans, LA 70113, 504/584-1231. This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included in this press release that address activities or events the Company believes will or may occur in the future are forward-looking statements. These forward-looking statements are subject to a number of important factors, many of which are beyond the Company's control, that could cause actual results to differ materially. Please refer to our Annual Report on Form 10-K for the year ended December 31, 1999, for additional information concerning risk factors that could cause actual results to differ from these forward-looking statements. SOURCE Grey Wolf, Inc. CO: Grey Wolf, Inc. ST: Texas IN: OIL SU: OFR 03/30/2000 08:20 EST prnewswire.com