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To: Dragon 1 who wrote (40289)	3/18/1999 9:21:00 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

dragon: I have never looked at the precise relationship between rig count and OSX performance. But my gut feeling is that percieved oil price trends is by far the most important factor impacting the OSX. If oil prices are headed up, investors know it is only a matter of time until the rig count follows.

To: Dragon 1 who wrote (40289)	3/18/1999 10:33:00 AM
From: Nello Filippone	Respond to of 95453

>>George, I remember some time ago someone mentioned that as long as rig counts remain under 150 (?), there is no fa support for the rise in osx. Considering the recent ascent in osx stocks, what is your view in terms of rig counts? TIA << Dragon, .... It was a post from Slider ... It was Palmer (CEO RDC) who mentioned that 150 number in an interview on CNBC last fall. He did not say it had any correlation to stock prices or the OSX but to the price of dayrates in the GOM. He believes that when 150 rigs are under contract in the GOM it creates better opportunities for increased dayrates. Nello