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


To: Bazmataz who wrote (16543)3/25/1998 9:02:00 PM
From: Teddy  Read Replies (1) | Respond to of 95453
 
Baz, here is today's and yesterday's news on GLM from Offshore Data. From reading this, i don't see why it would underperform the group. BTW, i agree with you 100% that this thread is intended for the exchange of information concerning Drilling and Oil Field Service companies and their stocks. We are a Brotherhood on this thread and i hope that GLM catches up to its peers in the second half of the week.

(Oh, i'm just guessing that rigs named GLOMAR and MARINE are owned by GLM. If i am wrong, let me know, i'm only trying to help.)

U.S./NORTH SEA: Jackup GLOMAR ADRIATIC IV will leave the U.S. West Coast for the North Sea in mid-April.
The rig's first contract will be a two-month job with Hydrocarbon Resources Ltd. starting on July 1.

U.S. GULF: Jackup MARINE 16 is temporarily abandoning a well in East Cameron Block 286 for Newfield Exploration.
The rig will soon move to East Cameron Block 45 for another well with Newfield.

UK: Jackup GLOMAR ADRIATIC XI is expected to complete its current well for British Gas in the second week of April. The rig then will drill two wells for BHP

Yesterday's news:

U.S. GULF: Jackup MARINE 303 remains idle in West Cameron Block 38, but ADTI expects a job to be in place later this week. ADTI has the rig under contract to late May.