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


To: jim_p who wrote (69512)7/12/2000 3:24:40 PM
From: The Ox  Respond to of 95453
 
Transocean Sedco Forex Inc. Issues Update on Status of Discoverer Enterprise

HOUSTON, July 12 /PRNewswire/ -- Transocean Sedco Forex Inc. (NYSE: RIG) today announced that its ultra-deepwater drillship Discoverer Enterprise has resumed offshore drilling operations in the U.S. Gulf of Mexico for BP Amoco under its existing five-year contract.

Transocean Sedco Forex Inc. is the world's largest offshore drilling contractor, with an equity market capitalization in excess of $10.0 billion. The company's mobile offshore drilling fleet is comprised of 72 rigs, including six newbuilds not yet active. This modern and versatile fleet is located in every major offshore oil and gas drilling region. Transocean Sedco Forex Inc. specializes in technically demanding segments of the offshore drilling business, including industry-leading positions in deepwater and harsh environment drilling services. The company is listed on the New York Stock Exchange under the symbol "RIG".

SOURCE Transocean Sedco Forex Inc.

CO: Transocean Sedco Forex Inc.

ST: Texas

IN: OIL

SU:

07/12/2000 14:55 EDT prnewswire.com



To: jim_p who wrote (69512)7/12/2000 3:25:25 PM
From: jim_p  Read Replies (2) | Respond to of 95453
 
Just added to my position in WG at 5 5/16 down 15%. Anyone one know of any problems? They seem to have a fairly strong balance sheet.

NG now below $3.00.

Jim



To: jim_p who wrote (69512)7/12/2000 3:25:48 PM
From: The Ox  Read Replies (1) | Respond to of 95453
 
Thanks jim and JQP!<eom>