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To: Michael July who wrote (2481)	10/24/1997 3:00:00 PM
From: Lucretius	Respond to of 95453

Only good things said in today's NE conference call, and the stock seems to be reacting favorably again today. The turnkey well that has caused so many problems is in final stages of completion, and the full loss has already been taken. Ne is also marketing new products for Triton (its turnkey segment) to get away from the volitile turnkey results w/ new work to be started in 1st qtr. W/ one sub going out of service to be converted (30,000 a day lost), and 4 units coming on line (212,000 a day total. The loss of this unit is more than made up for. When you throw in the 8 K's that are turning over this qtr.... Look for a very good 4th qtr and beyond! -Lucretius