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sweetpepperjam

12/17/06 12:14 AM

#949 RE: JoeSmith #948

You keep finding great information Joe.. Those companies have "enormous cash stockpiles" to possibly invest in DDI's umbilical systems..
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xZx

12/17/06 12:37 AM

#956 RE: JoeSmith #948

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