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: Gottfried who wrote (18274)	4/7/1998 6:36:00 AM
From: Teddy	Read Replies (2) \| Respond to of 95453

ENSCO rig already contracted? am i missing something here? Mavis wrote: "Ensco had three rigs working for Coastal in water depths of 215, 157 and 163 feet, according to the March Offshore Rig Locator. One contract ended on April 1, and has been renewed through July at a dayrate in the high $60,000 range, the company says; a second is slated to wind up April 12, and is currently being marketed to other operators; and a third, which the Ensco says it should find out from Coastal very soon whether it will be renewed, will wind up on May 1." From Offshore Data last week: April 3, 1998 3. U.S. GULF: Jackup ENSCO 88 was awarded a one-well plus options contract from Fort-Worth Oil. Work will begin in early May after the rig completes its current contract with Pennzoil. April 4, 1998 2. U.S GULF: Jackup ENSCO 95 received a three-month contract extension from Mobil. The rig is now under contract to August 1. 3. U.S. GULF: Jackup ENSCO 51 received a two-well plus one-option contract from Hall-Houston. The rig will start in High Island Block A-304 around April 22. The primary contract term is expected to last to mid-June. The rig is currently working for Seneca Resources in South Marsh Island Block 122. Looks to me like they all have contracts. Am i missing something? I'm sending this to Dave at thestreetdotcom. Could someone that follows Ensco (i don't own the stock) comment?