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


To: BigBull who wrote (42920)4/21/1999 10:19:00 PM
From: Razorbak  Read Replies (3) | Respond to of 95453
 
Message to Gen. GTB Bull Via Falcon Courier...

Yours truly,

Stonewall ;^)

=================================================================

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 21, 1999

R&B FALCON CORPORATION
(Exact name of registrant as specified in its charter)

Delaware 1-13729 76-0544217
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)

901 Threadneedle, Houston, TX 77079
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code (281) 496-5000

===================================================================

Item 5. Other Events

On April 15, 1999, BP Amoco canceled its drilling contract with
the Company for the Company's drillship Peregrine VII. As the
Company had previously announced, the delivery of this drillship
has extended beyond the contract commencement date, which gave BP
Amoco this cancellation right. In January, the Company bid the
Peregrine VII for work with Petrobras pursuant to bid tenders
solicited by Petrobras. The Company was announced as the low
bidder on this tender, but no contract award has been made. In
discussions with Petrobras concerning possible drilling contracts
for the Peregrine VII and the Deepwater Frontier, Petrobras has
indicated that it may seek to cancel the contract for the Falcon
100 based upon Petrobras' interpretation of the cancellation
provisions of this contract. The Company does not believe that
Petrobras has the right to cancel the contract for the Falcon 100
if refurbishment of the rig is completed as currently projected,
estimated to be mid May, 1999.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf of the undersigned thereunto duly authorized.

R&B FALCON CORPORATION

By /s/ L. E. Moss
--------------------
Leighton E. Moss
Senior Vice President

Dated: April 21, 1999


freeedgar.com



To: BigBull who wrote (42920)4/22/1999 12:50:00 AM
From: articwarrior  Read Replies (1) | Respond to of 95453
 
Tomorrow, the next day, next week, it does not matter, the laggards will take that
BLOODY DAMNED HILL!!!!!!!!!!!!!!!!!!!!!!!!!

Bravo BigBull BRAVO!!!!!!!!
Awesome inspiring words from the General BigBull himself...

Lead the charge BigBull...Go For IT

Artic



To: BigBull who wrote (42920)4/22/1999 8:55:00 AM
From: hitsoft17  Respond to of 95453
 
Welcome back Sir BigBull.



To: BigBull who wrote (42920)4/22/1999 9:22:00 AM
From: Roebear  Respond to of 95453
 
BigBull (or Slider, Douglas F, ANYBODY, actually)

What do you or anyone make of the SESI deal with Cardinal. I took a bit of a flyer on this one on the basis of the combined strength of the two companies, they make a good combination by the looks of it.
SESI needed a deal and hopefully they learned from their failed PKD deal to do better.
OTOH, my expertise is not sufficient to make a call like this and I would like other opinions. Here is a post with some info on the companies and deal.

Message 9046510

Best Regards,

Roebear