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

To: JZGalt who wrote (28103)	8/21/1998 9:57:00 AM
From: Redman	Read Replies (1) \| Respond to of 95453

I have been out of town for awhile, and I came back to a very very low FGII share price. Has anything been reported that I am not reading, or has anybody heard anything to reflect this sharp drop off ?? Any thoughts are appreciated. green

To: JZGalt who wrote (28103)	8/21/1998 1:12:00 PM
From: Douglas V. Fant	Respond to of 95453

JZGalt, You are correct to play the deepwater market conservatively. Wait and see. Long-term a tremendous number of deepwater concessions have been issued- and with recent deepwater success offshore Indonesia and elsewhere, look for the market to firm... Oh, and also one other oil industry secret I've never mentioned here, but is very important. Most offshore platforms are not even within sight of shore! That is unrest and revolution , religious fanatics, violence which shakes onshore locations, never touches the offshore market, maybe except for an occasional pirate raid by the Sumatran pirates onn an offshore Indonesian platform... They are much more politically stable! For that reason look for offshore exploration, etc., to accelerate in the years moving forward..... Sincerely, Doug F.