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

To: Big Dog who wrote (75965)	10/10/2000 7:31:05 PM
From: excardog	Respond to of 95453

Big Dog or others could anybody help me on this, seems odd to offer to do a buy back on a new issue. Any thoughts? TIA Press Release SOURCE: Chiles Offshore Inc. Chiles Offshore Announces Securities Repurchase Program HOUSTON, Oct. 10 /PRNewswire/ -- Chiles Offshore Inc. (Amex: COD - news) of Houston, Texas announced today that its Board of Directors has authorized Management to repurchase, from time to time, up to $25.0 million of the Company's common stock. Chiles Offshore Inc. is a provider of contract drilling services to the worldwide offshore oil and gas industry. The Company currently operates a fleet of three ultra-premium jackup rigs in the Gulf of Mexico, all of which have been delivered since June 1999. The Company is presently building its fourth and fifth ultra-premium jackup rigs in Singapore and Brownsville, Texas, respectively. These rigs are expected to be delivered in the 2nd and 3rd quarters of 2002. For further information, please contact Dick Fagerstal, Senior Vice President and Chief Financial Officer at (212) 621-9283 or (713) 339-3777 or via e-mail at: dickf@ckor.com and/or visit our website at www.chilesoffshore.com.