Pacific Drilling Supply, Inc.

Pacific Drilling Supply, Inc.

January 31, 1994

Dear Rick:

I just wanted to write and thank you again for introducing Pat and me to Pacific Drilling Supply. Your role as broker was pivotal in our consummation of the purchase. The preliminary fact-gathering and analysis you provided greatly simplified our due diligence process.

In our first year of operation of the company, we saw gross sales increase by 27%. We are projecting an additional 25% or greater increase in sales this year. Our profit margin has also improved substantially.

We look forward to utilizing your services in the future in expanding the business through targeted acquisitions.

Yours Very Truly,
PACIFIC DRILLING SUPPLY, INC.
Gary D. Putnam,  President

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