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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine) -- Ignore unavailable to you. Want to Upgrade?

To: Tony D. who wrote (622)3/3/1998 1:18:00 AM
From: Chuzzlewit  Read Replies (1) | Respond to of 2282
 
Another question: is the dayrate really 200k, or is it simply paid over 30 months for drilling that will occur over 36 months? The news stories seem somewhat ambiguous.

Regards,

Paul



To: Tony D. who wrote (622)3/3/1998 7:05:00 AM
From: swamp fox  Respond to of 2282
 
This is the record day rate for GLM. Old record was in the mid 180's. GLM management has talked since last conference call of their desire to ring the bell with a 200k day rate. They "rung the bell" yesterday!!



To: Tony D. who wrote (622)3/3/1998 3:33:00 PM
From: Elmer Flugum  Read Replies (2) | Respond to of 2282
 
Since the contract is into the distant future does anyone know what the cancellation or postponement terms are?


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