Day Rate Hedge

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/07/2000
04:55 PM ---------------------------

John Peyton
01/07/2000 01:45 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Chris Hilgert/HOU/ECT@ect
Subject: Day Rate Hedge

Vince,

Included is the rest of the prices for 4th and 5th Generation
Semi-submersibles in the Gulf of Mexico. The only additional Data is from
Sept 99 through Dec 99.

Chris and I look forward to your analysis on Tuesday.