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

To: RGinPG who wrote (10565)	2/4/1998 2:24:00 PM
From: Ms. X	Read Replies (2) \| Respond to of 95453

Ron, The whole sector is up, probably responding to that. Didn't check where it was trading but 14.5 is the first double top buy off the bottom. Jan

To: RGinPG who wrote (10565)	2/4/1998 4:41:00 PM
From: Thean	Read Replies (1) \| Respond to of 95453

News on PTEN - thanks to the OILPERSON, who does all of us a great service. Thanks OILPERSON, the more industry insider perspective, the better. "Spoke with Patterson this a.m. Their Houston rep told me their 16 rigs drilling in the Austin Chalk were ALL busy, at a quoted dayrate of $8000/day. He told me this was the price they were quoting in December, so no price falloff. He also seemed to want to remind me that he hoped that during the spring lull, that the industry would rememeber Patterson did not "gouge" the industry, unlike Nabors, who I heard has been quoting $9,500 to $10,000/day in December. The only softness in the Houston area for Patterson was the "deep" 16,000' to 18,000' Pinnacle Reef projects in Limestone and Freestone Counties (Sonat/UPRC/Marathon/Amoco), some of which have been put on hold."