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


To: Think4Yourself who wrote (38052)2/23/1999 4:53:00 PM
From: VLAD  Respond to of 95453
 
Ken,

Correct me if I am wrong but so far FLC's deep water projects have been on time and in fact the last few turn out have been ahead of schedule.

Currently their debt has been related to the recent turn outs and about 6 or 7 deep water projects that are in the middle of construction. Some of the projects are not due to be complete until 2001 when GOD only knows what the price of oil will be.

If oil prices show any sign of firming up and now stays above $12pbl, I see no reason why FLC could not secure future needed credit lines/loans to continue the projects currently under construction.