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Re: JoeSmith post# 948

Sunday, 12/17/2006 12:37:25 AM

Sunday, December 17, 2006 12:37:25 AM

Post# of 107353
this is looking like a genius IPO... check out this part:

"The rush into deep waters is stretching the industry's drilling resources perilously thin -- raising exploration costs and slowing down the ability to explore regions. Robert Long, chief executive of deep-water drilling contractor Transocean Inc., told a Lehman Brothers conference this month that off the coast of West Africa "I could name six or seven different customers right now who are looking for deep-water capacity as soon as they could get it."

http://www.rigzone.com/news/article.asp?a_id=36305

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