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

To: BigBull who wrote (71173)	8/18/2000 2:10:36 PM
From: Roebear	Respond to of 95453

BigBull, RE: "Sounded like they were doing some pretty wild "extreme" drilling. Just pound that casing in - no matter what!" Evidently this was the torture test, like running an engine flat out till it blows, then you know the redline for sure. Note how the CEO made mention that very few $$ were lost in that hole and that it could be finished out inexpensively. Also he noted that he left it up to the operator, well I've been through a manufacturing start ups with high tech machinery, though not in the oil industry and I know that engineers and operators, if it doesn't cost much, darn well like to find out what "their babies" can do, VVBG! Better to find out under controlled conditions and low cost than when your butt and big bucks are on the line!! One other note, I did not find Robert Tessarri a high pressure salesman at all, but rather understated. No pounding on the podium, just the facts. I like that in a CEO. Even as I write this, bids are tightening, the trades getting larger and TESOF is beginning to climb. This matches what I expected, as you know I have been watching TESOF very carefully. I am satisfied with its performance there, though I expect it may take a little time. See ya 12 and 20 and then some, VBG Roebear