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

To: Thean who wrote (11305)	2/11/1998 12:04:00 PM
From: wlheatmoon	Respond to of 95453

Today in IBD's mutual fund section. I noticed Marquis Value Equity A on page has as one of top new buys-- NE with 70,300 shares. Just an FYI. Will be interesting to see if buyers step up to the plate this afternoon for FGII before earnings come out. mike

To: Thean who wrote (11305)	2/11/1998 12:40:00 PM
From: johny	Respond to of 95453

TCMS NEWS:TransCoastal Purchases Pipelaying Barge HOUSTON--(BUSINESS WIRE)--Feb. 11, 1998-- TransCoastal Marine Services, Inc. (Nasdaq: TCMS - news) has expanded its oil and gas pipeline installation capabilities with the acquisition of the LB-207 pipelaying barge from Essar Oil Ltd. The vessel, to be renamed the Vermilion Bay, handles pipe as large as 48 inches in diameter and works in water depths up to 300 feet. The 350 x 60 x 22.5-foot laybarge features two tensioners and an articulated stinger with capacity of 185 kips. It also is equipped with eight-point mooring and a four-man saturation diving system capable of operating in water as deep as 600 feet. ''This acquisition gives TransCoastal Marine Services greater capacity to serve producers and transmission companies in the transition zone close to shore and in deeper water,'' said Bo Smith, president. ''And in the current Gulf of Mexico market, we see no shortage of opportunities to put the Vermilion Bay to work.'' ''It should be ready for service in the Gulf of Mexico by late April, in time for the peak pipelaying season,'' said Smith. TransCoastal Marine Services, Inc., headquartered in Houston, is a marine construction company focusing on the transition zone and shallow-water regions along the U.S. Gulf Coast. Its services include pipeline installation and repair; hydrostatic testing and commissioning of pipelines; and fabrication and refurbishment of offshore drilling rigs, barge drilling rigs and structural components of fixed platforms.