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To: SliderOnTheBlack who wrote (66087)	5/11/2000 8:23:00 PM
From: Wallace Rivers	Respond to of 95453

Slider: Correct - the Phillips litigation in the great state of LA still provides an overhang, although I think it's a matter of David taking on Goliath, and I think it will drag on for years. Granted, neither scenario is that great for ROIL, but operationally, things couldn't be better.

To: SliderOnTheBlack who wrote (66087)	5/11/2000 8:26:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

Slide, To my knowledge PKD does not have any WI in the Caspian well. The upside, however, would stem from being 'in place' to snag a good share of the work that will result from such a find. PKD is firmly established in the area, including the Tengiz fields onshore. Any increased activity in the area...and such a jumbo find would lead to mucho activity...will surely benefit PKD. It's an 'indirect' benefit, but the occurance of which could wake up this sleepy little stock. Of more immediate benefit are the jackups in the GOM going full tilt and reaping the higher rates. Plus PKD has a few other international projects in the hopper. Buy it at 5, ride it to 7 and bail over to the bird. (Or maybe to laggard DO...semis in the DO water depths suck right now...but that too will change.) I was a little disappointed with KEG today. Didn't seem to have any get up and go...maybe tmw. big