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Gold/Mining/Energy : Ensco International Inc. (ESV) -- Ignore unavailable to you. Want to Upgrade?

To: David Lawrence who wrote (1043)	4/14/1998 11:36:00 PM
From: Gottfried	Read Replies (1) \| Respond to of 2005

David, Parker looks good. Thanks. The street.com has two drillers stories. (2-week free trial available) Excerpt: The latest Offshore Rig Locator, which tracks rigs and day-rate contracts, shows a $2,000 drop in the bottom range for both the 250 feet and the 300 feet class of jackup rigs in the Gulf of Mexico. In March, the day-rate range for 250 feet jackups was $34,000 to $42,500. In April, it slipped to $32,500 to $42,000. Similarly, for 300 feet jackup rigs, the March range was $55,000 to $65,500, while in April it was $53,000 to $65,000. The Locator tracks contracts over the past three-month period. Industry observers don't view this as a problem unless, first, oil prices do not firm considerably by the end of the year, or second, natural gas prices fall from the $2.50 range at which they are presently trading. thestreet.com GM