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To: R. Thomas who wrote (1868)	4/6/1999 12:58:00 PM
From: Leigh McBain	Read Replies (1) \| Respond to of 2011

I didn't expect a huge reaction to the rig news. If/when we get it and as the Majestic deal becomes more concrete I expect we will see things move a little more. Right now I don't think there is any question that there is a real quandry out there as to whether the company has lost focus or whether they are truly diversifying into a complimentary venture. I believe the latter to be the case, but that is just my opinion. There has also been enough instability in the Taylor Rigs venture, that I would not expect a huge amount of speculative investment, directly related to rig sales, until the information flow strengthens and the bids turn into more orders. It seems we are on the right path, but don't be surprised if there is a bit more of a "show me the money" attitude, from the investment community, given the history here. Salut, Leigh McBain