HOUSTON, March 21 /PRNewswire/ -- Ocean Energy, Inc. (NYSE: OEI) will host
a conference call and webcast on Thursday, March 22, 2001 at 10 a.m. Central/
11 a.m. Eastern to discuss the Form 8-K filed with the Securities and Exchange
Commission in conjunction with this press release.
William Transier, executive vice president and chief financial officer,
and Bruce Busmire, vice president of investor relations, will provide an
overview of the company's latest forecast as set forth in the Form 8-K. The
call is for investors and analysts that seek additional information about
estimated production volumes, pricing scenarios, operating costs, expense
levels and balance sheet issues. All interested parties are welcome.
The toll-free dial-in number for the call is 888-455-9681. Outside of the
U.S. and Canada, the dial-in number is 1-630-395-0040. The passcode is OEI.
For the webcast, log on to
http://www.shareholder.com/oceanenergy/medialist.cfm from a computer that
meets these minimum requirements:
-- RealPlayer 8 Basic beta software, downloadable free from
http://www.real.com/products/player/index.html
-- At least a 14.4 Kbps connection to the Internet
-- Soundcards and speakers to project the audio stream from the
conference call (without this feature, dial into the conference call
by phone for the audio portion)
-- Please note that Ocean Energy is unable to provide technical support
for downloading software or joining the Internet broadcast. For best
results, download and test the software at least one day prior to the
call.
The Internet broadcast will be archived on the investor relations section
of the Ocean Energy Web site at http://www.oceanenergy.com through April 13, 2001.
The audio portion of the call will also be available for playback by phone
during this time period by dialing 888-568-0765 (U.S. and Canada) or
1-402-998-0220 (international).
Ocean Energy, Inc. is an independent energy company engaged in the
exploration, development, production, and acquisition of crude oil and natural
gas. North American operations are focused in the shelf and deepwater areas
of the Gulf of Mexico, the Permian Basin, Mid-continent and Rocky Mountain
regions. Internationally, Ocean holds a leading position among U.S.
independents in West Africa with oil and gas activities in Equatorial Guinea,
Cote d'Ivoire and Angola. The company also conducts operations in the
republics of Egypt, Tatarstan, Pakistan and Indonesia.
Certain statements in this news release regarding future expectations,
plans for acquisitions, dispositions, and oil and gas reserves, exploration,
development, production and pricing may be regarded as "forward-looking
statements" within the meaning of the Securities Litigation Reform Act. They
are subject to various risks, such as operating hazards, drilling risks, the
inherent uncertainties in interpreting engineering data relating to
underground accumulations of oil and gas, as well as other risks discussed in
detail in the Company's SEC filings, including the Annual Report on Form 10-K
for the year ended December 31, 2000. Actual results may vary materially.
SOURCE Ocean Energy, Inc.
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Related links:
http://www.oceanenergy.com
Company News On-Call:
http://www.prnewswire.com/comp/913463.html or fax,
800-758-5804, ext. 913463
CONTACT:
financial, Bruce Busmire, 713-265-6161, or
media, Janice Aston White, 713-265-6164, both of Ocean Energy,
Inc.
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