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

To: Rose who wrote (45849)	6/3/1999 1:11:00 PM
From: PartyTime	Respond to of 95453

Forgive the appearance of my hyping this company, but I've been through hell and back with it. My enthusiasm for its rebound can't help but be noted. Could formerly bankrupt TRGC, now TERI (Trinity Energy Resources, Inc.), become a roaring mouse? For cheap money this could be a good gamble play. The company just signed a deal in Chad; is looking at exploration projects in Angola, Paraguay, Albania and elsewhere; and is negotiating building energy plants in Costa Rica. Also, the new management gets an A-plus for its level of communication with investors. news.stockmaster.com 209.238.49.107 Message 9930999

To: Rose who wrote (45849)	6/3/1999 1:24:00 PM
From: Gary Burton	Respond to of 95453

I agree with Big--Esso is likely fishing for a lower rate, and will likely get it since the 'commissioning' period will likely extend at least 1 day beyond July 15, thereby technically allowing Esso to terminate the contract. MRL of course already knows this and so the dance plays on.

To: Rose who wrote (45849)	6/3/1999 1:52:00 PM
From: IndioBlues	Respond to of 95453

It isn't that simple Rose MRL and the shipyard are the ones who -- potentially -- may miss the contract's time requirements. Exxon and its lawyers can be called opportunistic hard-ball players but that doesn't make them weasels. There is a hell of a lot of money riding on this contract and Exxon would be doing a disservice to its own shareholders if it failed to put on the squeeze. Don't get me wroing -- I'm pulling for MRL, and may even buy some calls on the bet that it delivers on time if she gets beat down a little more. But a contract is a contract. If I was FLC I'd say the same thing to Mobil (contract is a contract) about the bs excuse offered up to justify termination of the Jack Bates a while back. works both ways. The problem there of course is that drillers have to be a little gun shy about asserting their rights, however legit in the current climate.