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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: John Slater who wrote (3005)	11/16/1997 7:08:00 PM
From: Bob (Hijacked)	Read Replies (1) \| Respond to of 95453

Some Old Info Something Big Shaping Up In The Oil Patch Right now, for example, the oil and gas sector looks particularly inviting. From the data I have seen, it appears that a serious shortage is developing in the oil patch. Because of the decimation of the oil services industry by a decade long bear market, there is no way to off-set increasing demand by increasing production. Higher prices are a locked-in-sure-thing. If you'd like to verify the accuracy of this assessment, pull up the stock quotes for any oil drilling company and you will see that virtually every one of them has either doubled, tripled or quadrupled over the last six months! The reason for this dramatic surge in prices is because the industry is rushing to try and meet skyrocketing global demand, but there just aren't enough drill rigs available. So the oil service companies which managed to survive the long bear market, are now sitting pretty. To put it mildly, something big is shaping up in the oil and gas sector, and we will increasingly bring ways to profit to your attention . We are also working on a special report on the oil crisis, a shortened version of which will appear in this quarter's Natural Resource Stock Review (which will mail to you around October 14).

To: John Slater who wrote (3005)	11/16/1997 7:20:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

For those interested in CKH -- the cheapest stock in town -- I am pasting the following excerpt from their quarterly report. On August 5, 1997, SEACOR Offshore Rigs Inc. ("SEACOR Rigs"), a wholly owned subsidiary of SEACOR, invested $8.85 million in cash in Chiles for a 50% membership interest in such entity. Through September 30, 1997, SEACOR Rigs has also advanced to Chiles short term loans in the principal amount of $12.6 million. SEACOR Rigs has committed up to $35.0 million of capital in the aggregate (including the amounts already advanced as described above) to partially fund the construction of these two rigs which are expected to cost approximately $177.0 million. In connection with the rig construction contract, Chiles obtained an option to purchase one additional premium jackup drilling rig. It is anticipated that SEACOR Rigs will initially own 80% of the equity in this venture; however, the Company anticipates that this ownership interest will be reduced as a result of the construction of additional rigs and through the sale of additional equity interests to third parties. See Note 8 to the Condensed Consolidated Financial Statements included in this report. You had to look hard to find this. I think it is an important, yet overlooked part of the future of CKH. Mark my word -- one day this stock will soar !! mike simmons loosbrock offshore