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UNIVERSAL DRILLING CO. v. CAMAY DRILLING CO.

Nos. 81-2375, 81-2465.

737 F.2d 869 (1984)

UNIVERSAL DRILLING COMPANY, a Colorado corporation, Plaintiff-Appellant, Cross Appellee, Jack Grynberg and Associates; Celeste Grynberg; and Jack J. Grynberg, Plaintiffs-Appellants, v. CAMAY DRILLING COMPANY, a California corporation, Defendant-Appellee, Cross Appellant.

United States Court of Appeals, Tenth Circuit.

June 21, 1984.

Attorney(s) appearing for the Case

Rodney R. Patula of Pryor, Carney & Johnson, P.C., Englewood, Colo. (Christopher N. Mammel of Pryor, Carney & Johnson, Englewood, Colo., Ernest W. Lohf of Lohf & Barnhill, P.C., Denver, Colo., William D. Scheid and Jeffrey L. Beattie of Law & Scheid, P.C., Denver, Colo., with him on the briefs), for plaintiff-appellants, cross appellee.

John S. Pfeiffer, Denver, Colo. (Anne E. DeVine and Simon J. Freedman, Denver, Colo., with him on the brief) of Gorsuch, Kirgis, Campbell, Walker & Grover, Denver, Colo., for defendant-appellee, cross appellant.

Before McWILLIAMS, BARRETT and McKAY, Circuit Judges.

McKAY, Circuit Judge.

The parties to this lawsuit are "experienced, sophisticated, intelligent business[men] with vast education and experience in petroleum engineering, ... oil and gas exploration, and ... [the] makeup and operation of oil drilling rigs and equipment." Record, vol. 5, at 2. In June 1977 they entered into negotiations for the purchase and sale of two drilling rigs referred to by the parties as the Marthens...

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