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To: roller who wrote (13231)	4/9/1998 3:19:00 PM
From: Tech Master	Read Replies (1) \| Respond to of 17305

* HLX PRESS RELEASE * Thursday April 9, 2:55 pm Eastern Time Company Press Release Halter Marine Signs $170 Million Contracts for Construction of Two Semi-Submersible Drilling Rigs for Petrodrill GULFPORT, Miss.--(BUSINESS WIRE)--April 9, 1998--Halter Marine Group, Inc. (AMEX:HLX - news) announced today that its subsidiary, TDI-Halter, L.P. has signed two contracts for approximately $170 million for the construction of two DP-3 semi-submersible drilling rigs for Petrodrill Construction, Inc. The company also said that Petrodrill has an option for a third rig. Petrodrill is a joint venture of Brazamco, NV; Westville, Ltd. (a subsidiary of Pride International, Inc.); and Drillpetro, SA. The joint venture is providing its Amethyst II rig design to Halter for construction. The announcement was made by John Dane III, chairman, and CEO of Halter and Don Covington, president of TDI-Halter, who said, ''These are the first new semi-submersible rigs to be built in the United States in over 15 years. The fact that this experienced group of rig owners chose TDI-Halter to build these rigs demonstrates the confidence they have in our capabilities. With the signing of these contracts, TDI-Halter has nine new construction projects in its rig backlog; six drill barges, one jack-up rig, and two semi-submersible rigs. The combined resources of Halter and TDI-Halter are unmatched in the industry, and we believe that the combination makes us the premiere drill rig contractor in the U.S.'' Derek Leach, project leader of Petrodrill added, ''These rigs are committed under long term contract to Petrobras in Brazil, and we needed an experienced shipyard with the capability to meet an aggressive delivery schedule. These rigs incorporate the latest available technology and will be the finest rigs in their class in the world. We are pleased to award this business to TDI-Halter.'' The compact rigs, which will be delivered in the fourth quarter of 1999 and the first quarter of 2000, will be capable of drilling in water depths of 5000 feet. Overall length of each rig's two underwater pontoons will be 249 feet and the height from the baseline to the platform deck will be approximately 85 feet. Each rig will have approximately 3500 tons of variable load capacity. Halter Marine Group, Inc. includes 21 shipyards in Texas, Louisiana, Mississippi and Florida. The company specializes in the design, construction, conversion, and repair of a wide variety of vessels and mobile offshore rigs and engineered products for energy, commercial government/military and pleasure boat markets. Halter shipyards have built more than 2600 vessels in the past 40 years.

To: roller who wrote (13231)	4/15/1998 10:44:00 AM
From: Andrew Vance	Read Replies (2) \| Respond to of 17305

AV--Sorry for the delayed response but I was out of touch for 6 days and really could not log in. My laptop, which I have not upgraded with the latest and greatest software finally failed me. Windowa 3.1 and a real low end Netscape browser version finally gave me errors that prevented connection. I was actually at one of these "seminars" from this group. Even with the low cost, I would not travel to the seminar unless it was within a car driving day trip. The seminar is okay but it is more of an advertisement for both the presenters and the TVF. I think you might be better off getting the time agenda of the presenters and then pick out the best companies in the group that have a reasonably low average daily trading volume. You might get a mini pop from some seminar induced herd mentality. Don't get me wrong, it might be a worthwhile endeavor attending but it is very basic and verging on a PR tour rather than addressing some of the hard questions we might have. Furthermore, it is more futuristic in that they are talking mid to long term while this thread is trying to do things in the short to mid term, in general. Andrew