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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C) -- Ignore unavailable to you. Want to Upgrade?

To: Dale Schwartzenhauer who wrote (1341)8/6/1998 8:11:00 AM
From: Tupulak  Read Replies (1) | Respond to of 2306
 
Dale,
I have talked to a few people lately in the oil patch. Right now you can get a rig for about $7500/day, six months ago it was $12000+/day. If the have the cash on hand then it is a good time to drill but the overall activity is down.
Curtis



To: Dale Schwartzenhauer who wrote (1341)8/6/1998 10:05:00 AM
From: teevee  Read Replies (2) | Respond to of 2306
 
Hi Dale,
I can assure you that if either Shell or Esso (with annual budgets of more than $200 million for exploration) had a major success, the first thing they would do is beat everybody senseless with their cheque books assembling land and then the area would look like a forest of drill rigs.
Regards,
teevee


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