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To: Paul Senior who wrote (30881)	8/23/2002 3:44:50 PM
From: Henrik	Respond to of 118717

<< I'm still holding on. Maybe I ought to consider adding. Scary idea. >> Maybe not such a bad idea Paul when you read about the major new investor in PGS/O. I bought up quite a few in the .40-.58 range. All the best Henrik ========================================================= hegnar.no Umeo group bought 10% of PGS/O They bought over some weeks. We do this as a long term investor. We are of the opinion that PGS have a product which is in demand. PGS are in an industry that we understand. I ettermiddag ble det kjent at Umoe-gruppen har kjøpt seg opp i 10 prosent av aksjene i PGS. – Vi har kjøpt opp vår post over børs i løpet av en noe lenger periode enn en uke, sier informasjonsansvarlig Erland Grimstad i Umoe til Nettavisen. – Vi gjør det som langsiktige industrielle investorer, fordi vi mener PGS har et etterspurt produkt og opererer i en bransje vi kjenner rimelig bra, fortsetter han. Grimstad har ingen kommentar til om Umoe-gruppen også har kjøpt gjeld i PGS. Hvorvidt investoren Jens Ulltveit-Moes selskap Umoe Invest vil kjøpe flere aksjer i PGS vil ikke Grimstad svare på, melder Reuters.