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

To: Iceberg who wrote (1055)	4/16/1998 12:26:00 AM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 2005

Iceberg, Fair enough! Let's worry more about whether ESV "rides the wave" tomorrow, with crude futures up.... Also note from Ensco's SEC 1--K filed about three weeks ago- Ensco obtains a larger portion of its revenue from outside of the Gulf of Mexico than I realized... "International Operations A significant portion of the Company's contract drilling operations are conducted in foreign countries. Revenues from international operations were 41% of the Company's total revenues both in 1997 and 1996. The Company's international operations are subject to political, economic, and other uncertainties, such as the risks of expropriation of its equipment, expropriation of a customer's property or drilling rights, repudiation of contracts, adverse tax policies, general hazards associated with international sovereignty over certain areas in which the Company operates and fluctuations in international economies." Sincerely, Doug F.