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

To: Teddy who wrote (16506)	3/25/1998 3:25:00 PM
From: Big Dog	Respond to of 95453

It is possible to have loss of earnings insurance, but I don't think so. Don't know if the other loss would be covered by insurance or not...or if there would be some deductible. Sorry I couldn't be more help.ght some more. Teddy, have you seen any news on MIND. I don't like the way its down..so I bought some more. Also added FGII. With oil prices up so much today we are lagging and I expect tmw will be a very nice up day to "catch up". Load your guns in this last half hour. Hear that Felinity? big

To: Teddy who wrote (16506)	3/25/1998 3:36:00 PM
From: HH	Read Replies (1) \| Respond to of 95453

Teddy, there is such a thing as 'business interruption' insurance. that would cover loss of income. I dont know if it is applicable in this situation. I bet those cowboys in the oil business dont believe in insurance? HH

To: Teddy who wrote (16506)	3/25/1998 4:09:00 PM
From: Dwight E. Karlsen	Respond to of 95453

Teddy, I remember reading a DO press release after the fire, stating that the damage to the rig is 100% covered by insurance. That didn't imply that the loss of earnings would be covered. But as for the hardware, I would be very surprised if any driller is operating a rig in the open ocean uninsured for damages. DK