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

To: Jamey who wrote (35752)	1/25/1999 6:58:00 AM
From: Larry J.	Respond to of 95453

$160MM Onshore Contract for Bouygues Offshore (BWG) in Nigeria: biz.yahoo.com Larry P.S. Thanks for the prior post, as I own RIG, DO, NE & MRL (along w FLC, FGI, & WFT). Would love to see GLM acquire of one of them!

To: Jamey who wrote (35752)	1/25/1999 11:49:00 AM
From: Big Dog	Respond to of 95453

Here is an example of why consolidation in the offshore drilling business is tough. From the press conference last week with Bob Rose of GLM: "It's a fragmented market because of egos," says Rose. "It's time to put aside egos and try to bring about consolidation." Then Mr. Rose says: But Rose said he didn't like the idea of Global Marine being absorbed by another company. Global Marine, Rose said, would not favor being acquired by a major or large service company, in effect becoming one of many divisions of a giant company. "That wouldn't be our first choice," he said. Sounds like the "not in my backyard" syndrome... big loosbrock.com