Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Brent Hogenson who wrote (44442)	5/10/1999 4:46:00 PM
From: paul feldman	Respond to of 95453

Whew---thats a lot of shares! eom

To: Brent Hogenson who wrote (44442)	5/10/1999 7:31:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

Whoa, 40k of FLC? 20k of FLC? Compared to you guys I am not only Baby Bull, I'm itsy bitsy teensy weensy Baby Bull!!! <g>. Whew! You guys need to change your monikers to Godzilla and King Kong! Anyway, what was the conversion price on that recent convertible preferred deal - 9.5? Big Dog suggested that the investor was "legendary". I wonder who it is? Is the investor just "legendary" or Mythically Legendary, or Olympian Mythical Legendary? Isn't anybody as curious as I am. I'm DYING to know. Does the investor just invest in the patch? Did or does the investor run a famous hedge fund? Anybody got a clue? Sounds like the Dog is bound by an oath of silence! Anybody do any detective work? Finding out who this person/persons is would probably answer the question "Why would anybody be buying FLC here?" I'm in.

To: Brent Hogenson who wrote (44442)	5/10/1999 8:30:00 PM
From: Brent Hogenson	Read Replies (2) \| Respond to of 95453

FLC - Deepwater capability Correction from the Annual Report (page 8, 3rd paragraph). "Upon completion of this program, R&B Falcon will have 24 deepwater or harsh environment drilling units, 12 of which will have a water depth capability of 5,000 feet or greater. The nearest industry competitor will have eight such vessels. To further differentiate ourselves, the Company's fleet will contain nine units capable of drilling in water depths of 8,000 feet or greater, whereas the nearest competitor will have three units in this market." By the end of this year FLC will have 6 more Drillships or Semisubmersibles working on long term contracts (7 if they find work for the Jack Bates). 3 more coming out of the ship yard and already signed to long term contracts in Yr 2000 and that will complete the deepwater expansion program. The potential for FLC is huge! Move over RIG, there's a new kid in town.