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Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

Message: TEC drilling rigs utilization rate

TEC drilling rigs utilization rate

posted on Jun 16, 2008 01:30PM

TEC drilling rigs utilization rate for the 2nd week of June was 14%. 6 Rigs out of 7 were down.This is in line with the Q2/2007(at 12%).

Hopefully the servicing Rigs will make up for the loses in the drilling devision.Q2 is always very slow. Last year TEC reported 4 cents loses in Q2. Will have to wait until August to see the numbers.

Oil service sector has very positive momentum after long slump. This should curry the TEC SP higher untill companies start to report Q2 numbers.

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