SI
SI
discoversearch

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: upanddown who wrote (24775)6/26/1998 9:07:00 AM
From: Big Dog  Respond to of 95453
 
I don't know why those rates went up. It is a curious thing. It could be that ADTI would not be able to easily replace 10-11 jackups at favorable rates. It could also be that some of the rigs are in the middle of drilling.

Also, the rates may be renewed subject to some sort of formula which may lag today's rates by some weeks...maybe an average rate based on the past 2-3 months of market rates -- or something like that.

big