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319582013In1971GulfInterstategotaglimpseofitsfuturewhenitacquireda45percentinterestinGulfOverseasMarineCorporationaLouisiana-basedrmthatfurnishedutilityboatstoserviceoffshoredrillingrigsintheGulfofMexico.CompanypresidentFarrileYoungnotedWithapproximately100rigsoperatingintheGulftodayandeachrequiringtwoormoreserviceandsupplyboatsthisboatingoperationshouldplayamajorroleinGulfInterstatescontinuousprogramofexpansion.DuetothegrowthinthenumberofrigsoperatingintheGulfGulfOverseasMarineiscurrentlynegotiatingforanadditionalsupplyboat.BythattimeGulfInterstatesmanagementphilosophywasrmlyestablished.Inthecompanys1971annualreporttoshareholdersYoungsaidItisGulfInterstatesintentiontocontinueitsexperiencedapplicationofhumaningenuityandmaterialsourcesintheareaofrealestateinvestmentandenergytransportation.Thishasbeenitshistoryoneinwhichthermsspecialskillsabilitiesandknowledgeweretestedandproved.Thecompanysmanagementstudiesthepresentaswellasitspastwithintentionsofmakingfutureaggressivemovesintonewareasofinvestmentopportunities.ThatishowtheirideashavebecomerealitiesandhowGulfInterstatesambitionshavebeensuccessfullyaccomplished.Companyrevenuesexceed10million.ThesubsidiaryGulfOverseasShipbuildingCorporationisformedtotakeadvantageoftheburgeoningdemandforshipyardconstruction.GulfInterstateEngineeringCompanyengineeringsubsidiaryisselectedaspartofateamtoprovidetechnicalandenvironmentalassistancealongwithmonitoringthedesignconstructionandinitialoperationoftheTrans-AlaskaPipelineSystem.TheCoalDevelopmentandConsultingDepartmentisformedtodevelopcoaltransportationandhandlingprojects.19731973197319741969AmmoniaPipelineSystemMap