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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Frank who wrote (21587)	4/13/2003 9:47:31 AM
From: russwinter	Read Replies (1) \| Respond to of 206272

What kind of data is there about Non-US equipment overseas, especially in places like Russia and China? Is there an emerging oil drilling and services industry in China, including rig construction? If so, might be a real investment opportunity.

To: Frank who wrote (21587)	4/14/2003 9:15:08 AM
From: Ed Ajootian	Read Replies (2) \| Respond to of 206272

"Prices should remain high enough to justify significantly higher levels of exploration for the rest of the year. The peak number of rigs exploring for gas may be a little short of the peak following the price spike two years ago. However we expect the overall number of wells drilled to be similar. Unlike the situation in the summer of 2001 there are more serviceable rigs and crews available to man them. This indicates that the drilling response to prices will be faster than two years ago when the lag between the peak price and the peak in drilling was almost a year." From last week's Energy Economist comments, from wrtg.com.