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

To: Robert S. who wrote (26570)	7/26/1998 11:16:00 PM
From: Mike from La.	Respond to of 95453

Yeah! I love PGO. It's management came from SLB, they figured they could do it better. The Ramform is at least 4 years ahead of the competition. But What I really like is that they are converting the Ramform design into FPSOs. The first one was just put to work in the North Sea. PGO gets a fee for every barrel of oil it processes through the FPSO. The Ramform is extremely stable, and can operate under conditions most cannot. PGO also merged with a French company that specializes in FPSO. Combined with PGO's 4D technology, PGO is moving into the ability to manage a deepwater oil field's production. Not only is PGO the technology leader, the FPSO business will allow them to diversify into a different phase of the oil business cycle. Really can't be compared side by side with SLB because they are such different companies, but I think PGO will make more money for an investor. Mike