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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: DO$Kapital who wrote (29609)	12/17/1998 12:42:00 AM
From: flyboy	Respond to of 119973

Here is some new FLC news (oil)... Tuesday December 15, 7:32 pm Eastern Time Company Press Release SOURCE: R&B Falcon Corporation R&B Falcon Announces Drilling Contract on RBS8D HOUSTON, Dec. 14 /PRNewswire/ -- R&B Falcon Corporation (NYSE: FLC - news) reported today that it had entered into a contract with Vastar Resources, Inc. (NYSE: VRI - news) for the provision of a new generation dynamically positioned semi-submersible drilling rig, the ''RBS8D.'' The contract was entered into pursuant to the previously announced letter of intent between the parties. The contract has a primary term of three years at an operating dayrate of $199,950 with five one-year options. In addition, Vastar may elect to extend the primary term to five years, in which case the dayrate would be between $189,200 and $199,200, depending upon when the primary term is extended, with three one-year options. SOURCE: R&B Falcon Corporation Don't know anything about FGI. C I A O