SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: isopatch who wrote (86126)2/2/2001 7:24:01 PM
From: tommycanuck  Read Replies (1) | Respond to of 95453
 
Some of the shallower areas may work on a turnkey basis but the vast majority of the drilling in Canada is done on a dayrate basis. The geography lends itself to that as well as the highly regulated environment and the relative complexity of the drilling as we get toward the west and north.
Some of the companies have had the forsight to build in automatic increases based on the activity levels. Very good numbers to come from the Canadian drillers over the next 2 reporting periods.

Regards,

TC