Replies to post #49564 on Koil Energy Solutions Inc. (KLNG)

[Fred Kadiddlehopper]

Thanks, Sage, jdsgungho, Doog and everyone else.

"Operating results in the fourth quarter of 2007 were primarily impacted by:
• Weakness in demand for drill pipe in the Gulf of Mexico due to the hurricane season and the departure of rigs to the international market.

It does seem that the GOM is "maturing" to use a description of one of the analysts given earlier. There are certainly deepwater
opportunities in the GOM, but perhaps they are limited. I guess we'll have to wait a little while to see the extent of DPDW's ability to penetrate the international market, which is where the action is (and the profit margins lol!).
Good luck!
-Fritz

[JoeSmith]

Exactly SageWise, I can't help thinking too that drill pipe is a very small percentage of the costs for an offshore field, and for sure Deep Down will lose no revenues from lost sales of drill pipe.

There are a number of fields in the GOM and offshore Brazil that are drilled (the drill pipe purchases done) and just waiting for completion(more work for DPDW) or FPSOs to arrive, then completion.

Life is good!