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

To: Winkman777 who wrote (63912)	4/5/2000 6:45:00 PM
From: Winkman777	Read Replies (1) \| Respond to of 95453

FLC deep water rig status from Yahoo board by: Sharp_End_Of_Drill 4/5/00 5:54 pm Msg: 15349 of 15351 BLT, I'd see the web page for contract & dayrate info. What I hear is that all the deepwater rigs are going to work in the near future. A short summary: Jack Bates - just got contract for three wells and mobilized recently M.G. Hulme - being towed to W. Africa for contract Expedition - delivered & drilling for Petrobras, recently set world water depth record Navis I - final stages of delivery & commisioning then two month mobilization to Brazil for work Pathfinder - repaired and going back to work now Frontier - drilling in Brazil Millennium - drilling in GoM Discovery - will be delivered soon and mobilized to West Africa for Texaco for multi year contract. Probably on the payroll in September Nautilus - just delivered and moved to GoM to start contract for Shell Horizon - delivery and start up likely by second quarter 2001 Peregrine III - upgraded and going to Brazil for contract Peregrine I - doing odd job workovers in Brazil Peregrine II and Falcon Duchess - ??? don't know probably stacked Falcon F-100 - going back to work for short term contract soon Jim Cunningham - drilling West Africa J. W. McClean - don't know probably stacked Schielan - working in Brazil Henry Goodrich - working in Canada Paul B. Loyd - working in North Sea Iolair - working in North Sea? The deepwater story looks pretty good. I think FLC will do well soon because of that, and has a good deal of upside with the domestic shallow water fleet having something like 50% of the fleet stacked but ready to reactivate if prices warrant. Best o' luck, Sharp