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


To: iandiareii who wrote (23795)6/11/1998 1:17:00 AM
From: Czechsinthemail  Read Replies (1) | Respond to of 95453
 
This is an unfortunate break for NE because losing 65 to 75 days on a drillship will hurt. The silver lining is that my figures show they were only getting a dayrate of $60-62,000 on that rig. Instead of it costing them $9 to $11 million in lost revenue, it will cost them between $3.6 and $4.7 million.

Baird