Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Lucretius who wrote (16566)	3/25/1998 10:06:00 PM
From: RGinPG	Read Replies (2) \| Respond to of 95453

I guess you are right. Found this snip: Jan. 20, 1998, Marine Drilling Cos. Inc. (Nasdaq:MDCO - news) said it signed a contract with Esso Exploration Inc., an affiliate of Exxon Corp. (NYSE:XON - news), for a deepwater semi-submersible drilling rig called the Marine 700. MDCO said the contract covers a primary term of three years beginning in the first quarter of 1999 and is expected to generate day rate revenues of about $207,000,000 during its primary term. But this was the only recent thing I could find on FGII deals with drillers: -Feb. 18, 1998--Friede Goldman International Inc. (NASDAQ: FGII - news) announced today another EVA-4000(TM) project from Noble Drilling (NYSE: NE - news) for its Pascagoula-based shipyard HAM Marine, Inc. Unfortunately MDCO has no Web site. FGII has one but it's just a business card like thing. But still, I find it amazing the info that's just a mouse click away.

To: Lucretius who wrote (16566)	3/26/1998 12:05:00 AM
From: debra vogt	Respond to of 95453

Do you or anyone else know anything about EGAS? ÿ 03/25/98 PRN Energy Search's $1 Million Drilling Program Yields Seven New Wells Energy Search's $1 Million Drilling Program Yields Seven New Wells March 25, 1998 11:42 AM KNOXVILLE, Tenn., March 25 /PRNewswire/ -- Energy Search, Incorporated EGAS said that its drilling for the first quarter of 1998, with capital expenditures of more than $1 million, yielded seven new wells on the company's leases in West Virginia and southeastern Ohio. Charles P. Torrey, Energy Search chairman and chief executive officer said the company had a 100% completion rate on the wells which it set out to drill at the commencement of the period. "We are pleased with the results of our drilling program," said Torrey, "especially given the weather conditions which we faced during the quarter." Torrey said he anticipated the new wells would make a material contribution to Energy Search's expanding natural gas production. "We commenced 1998 producing approximately 2 million cubic feet of gas per day. By the end of the first quarter, Energy Search's production increased 60% to 3.2 million cubic feet per day." The new wells, he said, are expected to add another 1 million cubic feet per day to this production. "As a result of this drilling," said Torrey, "our overall daily production will have increased by 110% since the beginning of the 1998." For 1998, Torrey said that Energy Search plans to drill up to 50 new wells, inclusive of the first quarter's drilling activities. "We have the management, technical and operating infrastructure in place," said Torrey. "We intend to utilize these assets to grow through the drill bit." In addition, he said that Energy Search will continue to growth through synergistic acquisitions in the Appalachian Basin. Energy Search, Incorporated is an independent oil and gas exploration and production company focused primarily on developmental drilling and production of natural gas reserves in the Appalachian Basin. Certain statements in this news release regarding future expectations and plans for oil and gas exploration and development may