Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: The Perfect Hedge who wrote (8571)	1/16/1998 9:12:00 PM
From: Gottfried	Respond to of 95453

Glen and all, ESV is contracting for a new rig for delivery two years from now. They must think it will be put to work.<g> infobeat.com ENSCO INTL INC entered into a contract with Keppel Fels Shipyard to build a new international class harsh environment jackup drilling rig. The rig, an enhanced KFELS MOD V, is expected to be delivered by January 2000 at a total cost of approximately $130 million (excluding capitalized interest). The cost of the new rig will be financed out of general corporate funds, including proceeds from ENSCO's recent $300 million public debt offering. The Company also has an option with Keppel Fels to build an identical jackup rig for the same price. (PR Newswire 10:04 AM ET 01/16/98) GM