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To: ItsAllCyclical who wrote (19929)3/7/2003 6:01:26 PM
From: jim_p  Read Replies (1) | Respond to of 206118
 
customer.nvglb.com

Click on the RJ presentation for more info.

I don't think PEMEX is a problem, it just ties up more cash than you would like.

They don't expect a recovery until the second half which makes sense. First you have to make a discovery offshore before there is a need for HOFF's services. I expect drilling to be picking up now.

Jim