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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (4321)	11/22/2001 2:42:26 PM
From: Davy Crockett	Respond to of 36161

To all my American friends, I hope all of you, have a very Happy Thanksgiving! Regards, Peter

To: russwinter who wrote (4321)	11/23/2001 8:00:44 PM
From: Frank Pembleton	Respond to of 36161

Russ -- Are there a lot of long term contracts out there, or are "break" clauses too high? I received an answer back from at least one of the drillers on my contact list: Regards Frank P. Precision works hard on our relationships with our customers so that we are aware of any changes in the market place in fairly acute time horizon. We expect to get up to approximately 180 drilling rigs working this winter, thus largely depends on the weather therefore the cooler weather predicted for this weekend is much anticipated. There are a number of our rigs working on payout contacts as well as rigs that are booked for the winter drilling season, under contract. Most of the cancelations for this winter are behind us now and the most important factor against us is the weather. Hopefully this provides some insight if you would like to discuss this further please call me at 716-4500 Regards; Gene C. Stahl Investor Relations Precision Drilling Corporation Main 403-716-4500 gstahl@precisiondrilling.com