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To: quehubo who wrote (32334)5/19/2004 7:39:41 PM
From: excardog  Respond to of 206195
 
Looks like a decent day rate here:

Atwood Oceanics Announces Commitment for ATWOOD BEACON
Wednesday May 19, 4:19 pm ET

HOUSTON, May 19 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc. (NYSE: ATW - News; Houston-based International Offshore Drilling Contractor) announced today that Conoco Phillips Indonesia Ltd. ("COPI") has given a commitment to utilize the ATWOOD BEACON a drilling program offshore Indonesia which includes the drilling of three firm wells plus options for four additional wells. The three firm wells have a combined expected duration of ninety days, with the option wells, if exercised, having an expected duration of thirty days each. This commitment provides for a dayrate of $90,000 for the three firm wells, a dayrate of $82,400 for any option wells drilled, and a payment of a $800,000 mobilization fee. The COPI work will commence immediately upon the rig completing its current contract in Malaysia which is estimated to be in June 2004. Execution of a formalized contract with COPI is pending final Indonesian governmental approval which is expected to occur before the end of May 2004.



To: quehubo who wrote (32334)5/22/2004 9:50:07 AM
From: russwinter  Read Replies (1) | Respond to of 206195
 
<expect 20-40 bcf improvement in electric demand this week over last week>

You're basing this on the hot weather developing in the gas burning regions of the south correct? The national comparisons to last year are going to be easy, and since Jan.17, electric usage is already running plus 4.08% yoy.

5-22: 03: 66,214 (perfect weather) 02: 68,676
5-29: 03: 68,063 ( " " ) 02: 73,867 (hot)
6-5: 03: 72,044 (good weather, not hot) 02: 75,532 (hot)
6-12: 03: 73,485 02: 74,486