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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Sharp_End_Of_Drill who wrote (643)	3/1/2001 12:51:31 AM
From: The Ox	Read Replies (1) \| Respond to of 23153

A minor note on using current PSR for drillers as a statistical aide for calculating 'valuation'. One needs to take into account the acquisitions (or sales) of rigs and how these transactions will affect the future. One example, UTI has purchased quite a few rigs over the past couple of years, substantially increasing their ability to drill new holes. Some of the recent purchases are not completely reflected in the current sales figures but they will be in future quarters.

To: Sharp_End_Of_Drill who wrote (643)	3/1/2001 8:03:19 AM
From: kollmhn	Respond to of 23153

I take it you are saying GW is too expensive, relatively speaking? I owned GW last Dec. but I have sold it and bought PDE in Jan. We know GW's bus. is improving. We didn't know that PDE's had theirs improve much, but now it has.

To: Sharp_End_Of_Drill who wrote (643)	3/1/2001 4:41:30 PM
From: excardog	Respond to of 23153

Sharp good news Thursday March 1, 4:01 pm Eastern Time Press Release South Texas Drilling & Exploration Inc. Listing On The American Stock Exchange SAN ANTONIO--(BUSINESS WIRE)--March 1, 2001--South Texas Drilling & Exploration Inc., San Antonio, today announced that it has been approved for listing on The American Stock Exchange. The Company's common stock will begin trading Thursday, March 8, 2001 under the ticker symbol PDC. South Texas Drilling & Exploration Inc. provides land contract drilling services under the name Pioneer Drilling Co. Ltd. to operators drilling wells in central and south Texas. Currently, the Company's common stock trades over-the-counter under the symbol STXD.OB.