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

To: Carolann who wrote (17284)	3/31/1998 9:19:00 AM
From: Teddy	Respond to of 95453

OT Sorry Carolann, i didn't mean to offend you. You are very welcome on the thread and i hope you do continue to post. I really like the overseas price updates. As for as oil prices, time to face the facts: they are going down and there is nothing that is going to change that. Look for drillers/ service stocks to hit 52 week lows.

To: Carolann who wrote (17284)	3/31/1998 7:18:00 PM
From: Teddy	Read Replies (2) \| Respond to of 95453

NEWS snips from Offshore Data Teddy's Note: Clearly E&Ps have come to the realization that oil prices will never rebound and it is not worth it to look for any more. U.S. GULF: Atwood Oceanics submersible RICHMOND's contract with Chevron was extended for six months starting April 2. The rig still has an additional six-month option left. The rig is currently moving to a new location in Eugene Island Block 64. U.S. GULF: Jackup PRIDE MISSISSIPPI completed a well with Stone Energy in South Pelto Block 23 and is now drilling a turnkey well for Vastar Resources in Ship Shoal Block 130. The rig is under contract with Triton to mid-December 1998. AUSTRALIA/VIETNAM: Santa Fe jackup PARAMESWARA reportedly was awarded a one-year contract with Petronas Carigali to work off Vietnam starting in May. The rig is due to complete its current contract off Australia around April 20.