Question-and-Answer Session
Operator
(Operator Instructions) We will go first to the site of Pierre Conner with Capital One. Your line is open. Please go ahead.
Pierre Conner - Capital One
Wondered if you could expand a little bit more on the Mexico, the two pieces of it, are there future opportunities in the near term with some of the other IPM operators and then what can you bracket us around sort of rates or margins on those rigs?
John Lindsay
Well, Pierre, hi, this is John, we'd love to be able to tell you all we could about that but as you know, it's one of the most attractive markets today and also very competitive and so we're restrained in what we can say both in terms of discretion and also in terms of our customer there, but I will say that I do think the early work in all the big IPM players tended to hook for the lowest possible price, but that often followed with less then best-in-class performance. I think as the whole field kind of steps back and says gosh, the opportunity here is really performance oriented and performance driven, then we're seeing much more interest, and so that's very encouraging. So, I think in the earlier work oftentimes the other services perform fine but the drilling rig was a point of bottleneck, if you will, and I believe all the players there are looking for how do we drive performance and to do that it gets back to having a high performing drilling rig, but?
Doug Fears
John, unless you want to add anything, I think we're constrained by talking very much about (inaudible) anything else we haven't already disclosed on it.
Pierre Conner - Capital One
Okay. No, I understand, but I thought I'd try. Maybe on some other things, just some guidance, CapEx spend for the year and some assumption of next year assuming no additional changes on international opportunities.
Doug Fears
This is Doug. For '09, Pierre, it's hard to tell just because of some timing issues, probably won't exceed 900 for '09. Juan Pablo, have thoughts on 2010, you want to?
Juan Pablo Tardio
Well, we're still in the process of trying to prepare that, but as you can imagine, it's expected to be significantly lower than the 2009 number. I'm not sure how much more I can provide at this point.
Pierre Conner - Capital One
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