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

To: Sharp_End_Of_Drill who wrote (84806)	1/19/2001 8:43:33 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

Market info from OneOffshore's Petrodaily: STATE OF THE MARKET (Africa) Demand continues to increase in the African floater market with operators looking for deep water rigs feeling the strain. Sublet time on ultra-deep units is now non-existent for the first half of the year. The tightness in floaters in the 600 - 1500 msw class (2,000 to 5,000 fsw) is causing Marine Drilling to consider mobilising its semi Marine 500 from Australia to the region once its contract with Chevron completes, probably around late February. The standard semi market is not quite as buoyant at present with commitments on three semis in West Africa due to expire before the end of the first quarter. Contract awards are pending which may change this state of affairs. The jackup market is awaiting resolution of a number of outstanding tenders in Nigeria. Shell’s two-rig Ea programme, Exxon Mobil’s three to four jackup requirements, Chevron’s two outstanding tenders and one from Addax are unawarded. Once these are resolved a clearer picture of 2001 will emerge. The market remains tight with fixtures in the $55,000 to $60,000 per day range for 300ft rigs.

To: Sharp_End_Of_Drill who wrote (84806)	1/20/2001 10:58:53 AM
From: Aggie	Read Replies (1) \| Respond to of 95453

Hey Sharp, Jesus....what is it about trailer parks? The calamity magnet of the American landscape. No comments in the story on how these things erupted. I guess it could be just coincidence, all these gas geysers spouting up around town like a scene from Poltergeist, but my guess is that someone decided to put that little bit of extra reserve into the dome for a rainy Kansas day. I fought one of these things once in the F.S.U., had been blowing out underground for years. No fun, once they get started. This will mark the end of use for this facility, once breached they are never trustworthy again. Regards to all, and hey - be careful out there, especially you, Sarge. Aggie