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To: Gottfried who wrote (5405)	6/23/2001 4:44:01 AM
From: upanddown	Read Replies (1) \| Respond to of 23153

Gottfried ESV has an unusually candid web site with approx dayrates for each active rig. They are really concentrated in GOM jackups and the rumors of weakness there are obviously more than rumors. ESV has 5 coming off contract (lo to hi 50's) in a week with no new assignment shown. enscous.com Another factor may be that recent mediocre results in the shallow water don't support $50-60K dayrates. I wouldn't be surprised to see ESV announce some jackups moving to more prolific areas. I don't really understand why contract lengths for jackups are so much shorter in the GOM than elsewhere in the world. John

To: Gottfried who wrote (5405)	6/23/2001 9:56:01 AM
From: Frank	Read Replies (3) \| Respond to of 23153

Can someone explain this sentence from Reuters to me: " Energy hedge fund manager Iain Smith puts the number of Gulf Coast jackups leaving for other waters at between eight and 12, which he expects to pressure dayrates " . Now, if rigs are leaving GOM how for more money elsewhere, how does that reduce dayrates in GOM? I thought lower supply of rigs meant higher dayrates. I am clearly missing something since I have now seen this quotation at least 10 times since Wednesday---Frank