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

To: Big Dog who wrote (40447)	3/20/1999 12:21:00 AM
From: Cragganmore	Read Replies (1) \| Respond to of 95453

FGI Recommended by Doug Sease of WSJ in today's Market Wrap (CNBC) messages.yahoo.com@m2.yahoo.com

To: Big Dog who wrote (40447)	3/20/1999 8:58:00 AM
From: Ditchdigger	Read Replies (1) \| Respond to of 95453

Morning Big Dog et al,,while we're on the subject of dayrates and the timing of contracts, could anyone relate some info on, for example Drillships? Specifically FLC's? An example,,the Deepwater Frontier and Millennium (frontier completion in April and Millennium in Oct.), joint ventures W/contracts on completion of vessels..Given the time taken to build one of these babies(I need to research how long that actually is),how are dayrates established/or based? Do any of these contracts(in the industry) have provisions for adjustment,given the forward looking nature of the contract? TIA DD rbfalcon.com (guess I need to head to the SEC filings for more info,the Pathfinder was already delivered and under contract,as a comparison) More recent contract The Deepwater IV biz.yahoo.com