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To: SJS who wrote (16870)	3/27/1998 1:16:00 PM
From: Lazlo Pierce	Read Replies (2) \| Respond to of 95453

News re:OLOG big new contract **************************** Offshore Logistics, Inc. Affiliate, Bristow Helicopters Limited, Awarded Two Long Term Shell North Sea Contracts LAFAYETTE, La.--(BUSINESS WIRE)--March 27, 1998--Shell UK Exploration and Production announced today that two new long term contracts for helicopter services in the UK and Dutch sectors of the North Sea have been awarded to Bristow Helicopters Limited, an affiliate of Offshore Logistics Inc. The larger contract, running for seven years starting July 1, 1998, is for helicopter services in the central and northern North Sea operating out of Aberdeen and Shetland. This contract should generate revenues in excess of $290 million (175 million British pounds sterling). The second contract supporting operations in the southern North Sea and in the Dutch sector of the North Sea, should generate revenues of more that $80 million (50 million pounds) for a five year period also commencing July 1, 1998. Shell UK Exploration and Production indicated that "these large contracts have been awarded after a competitive tender process....Bristow Helicopters Limited offered us the best overall package, taking all factors into consideration." Bristow, a significant helicopter operator worldwide, is the largest operator in the North Sea. >>

To: SJS who wrote (16870)	3/27/1998 1:36:00 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 95453

Can't tell the future(16 looks like pretty good support now)...However, my personal opinion is as follows... Those who espouse another Fall of '97 scenario ocurring here(straight on up) are going to be in for a rude awakening. Earnings will be missed by some and this sector is now ripe for further shorting. Some of these stocks have gained a lot of ground back towards the Nov. highs.(justifiably so) but we know that there are bears just waiting to smoke these puppies. One thing we can all agree on. This sector has volatility. The worst is no doubt over. Perhaps some discussion of price targets would be in order.