HOUSTON, March 6 /PRNewswire-FirstCall/ -- Helix Energy Solutions Group,
Inc. (Nasdaq: HELX) will discuss its strategy and expectations for 2006 on
Tuesday, March 7, at Raymond James Institutional Investors Conference in
Orlando, Florida.
The presentation will begin at 8:05 a.m. (Eastern Time). Audio of the
presentation will be broadcast live from
http://www.wsw.com/webcast/rj19/helx/ . The slides will be available on the
Helix website, http://www.HelixESG.com , by first clicking "Investor
Relations" and then "Presentations".
Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an
energy service company which provides alternative solutions to the oil and gas
industry worldwide for marginal field development, alternative development
plans, field life extension and abandonment, with service lines including
marine diving services, robotics, well operations, facilities ownership and
oil and gas production.
FORWARD-LOOKING STATEMENTS
This press release and attached presentation contain forward-looking
statements that involve risks, uncertainties and assumptions that could cause
our results to differ materially from those expressed or implied by such
forward-looking statements. All statements, other than statements of
historical fact, are statements that could be deemed "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995, including, without limitation, any projections of revenue, gross
margin, expenses, earnings or losses from operations, or other financial
items; future production volumes, results of exploration, exploitation,
development, acquisition and operations expenditures, and prospective reserve
levels of property or wells; any statements of the plans, strategies and
objectives of management for future operations; any statement concerning
developments, performance or industry rankings relating to services; any
statements regarding future economic conditions or performance; any statements
of expectation or belief; any statements regarding the proposed merger of
Remington Oil and Gas Corporation into a wholly owned subsidiary of Helix or
the anticipated results (financial or otherwise) thereof; and any statements
of assumptions underlying any of the foregoing. The risks, uncertainties and
assumptions referred to above include the performance of contracts by
suppliers, customers and partners; employee management issues; complexities of
global political and economic developments, geologic risks and other risks
described from time to time in our reports filed with the Securities and
Exchange Commission, including the Company's Annual Report on Form 10-K for
the year ending December 31, 2004; and, with respect to the proposed Remington
merger, actual results could differ materially from Helix' expectations
depending on factors such as the combined company's cost of capital, the
ability of the combined company to identify and implement cost savings,
synergies and efficiencies in the time frame needed to achieve these
expectations, prior contractual commitments of the combined companies and
their ability to terminate these commitments or amend, renegotiate or settle
the same, the combined company's actual capital needs, the absence of any
material incident of property damage or other hazard that could affect the
need to effect capital expenditures, any unforeseen merger or acquisition
opportunities that could affect capital needs, the costs incurred in
implementing synergies and the factors that generally affect both Helix' and
Remington's respective businesses as further outlined in "Management's
Discussion and Analysis of Financial Condition and Results of Operations" in
each of the companies' respective Annual Reports on Form 10-K for the year
ended December 31, 2004. Actual actions that the combined company may take
may differ from time to time as the combined company may deem necessary or
advisable in the best interest of the combined company and its shareholders to
attempt to achieve the successful integration of the companies, the synergies
needed to make the transaction a financial success and to react to the economy
and the combined company's market for its exploration and production. We
assume no obligation and do not intend to update these forward-looking
statements.
Additional Information
Helix and Remington will file a proxy statement/prospectus and other
relevant documents concerning the proposed merger transaction with the
Securities and Exchange Commission ("SEC"). Investors are urged to read the
proxy statement/prospectus when it becomes available and any other relevant
documents filed with the SEC because they will contain important information.
You will be able to obtain the documents free of charge at the website
maintained by the SEC at http://www.sec.gov . In addition, you may obtain
documents filed with the SEC by Helix free of charge by requesting them in
writing from Helix or by telephone at (281) 618-0400. You may obtain
documents filed with the SEC by Remington free of charge by requesting them in
writing from Remington or by telephone at (214) 210-2650. Helix and
Remington, and their respective directors and executive officers, may be
deemed to be participants in the solicitation of proxies from the stockholders
of Remington in connection with the merger. Information about the directors
and executive officers of Helix and their ownership of Helix stock is set
forth in the proxy statement for Helix's 2005 Annual Meeting of Shareholders.
Information about the directors and executive officers of Remington and their
ownership of Remington stock is set forth in the proxy statement for
Remington's 2005 Annual Meeting of Stockholders. Investors may obtain
additional information regarding the interests of such participants by reading
the proxy statement/prospectus when it becomes available.
SOURCE Helix Energy Solutions Group, Inc.
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Related links:
http://www.HelixESG.com
http://www.wsw.com/webcast/rj19/helx
http://www.rjcapitalmarkets.com/conference_detail_main.asp?content_id=100
CONTACT:
Wade Pursell, Chief Financial Officer of
Helix Energy Solutions Group, Inc., +1-281-618-0400, or fax,
+1-281-618-0505
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