HOUSTON, April 13 /PRNewswire-FirstCall/ -- Helix Energy Solutions
Group, Inc. (Nasdaq: HELX) will conduct a conference call regarding its
financial and operational results for the first quarter of 2006 on
Wednesday, May 3, 2006, at 9:00 a.m. Central Standard Time. A press release
summarizing these results is planned for distribution on Tuesday, May 2,
2006, after the market closes.
Investors will be able to obtain the slide presentation and listen to
the live conference call broadcast from the Investor Relations page at
http://www.HelixESG.com . A replay will be available by selecting the Audio
Archives link from the same page.
Helix Energy Solutions, headquartered in Houston, Texas, is an energy
services company that provides innovative solutions to the oil and gas
industry worldwide for marginal field development, alternative development
plans, field life extension and abandonment, with service lines including
diving services, shelf and deepwater construction, robotics, well
operations, well engineering and subsurface consulting services, platform
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,
2005; and, with respect to the proposed Remington merger, actual results
could differ materially from Helix's 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's 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, 2005. 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 have filed 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 and any other relevant documents filed with the
SEC because they contain important information. You can 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 Annual Report
on Form 10-K for the year ended December 31, 2005, as amended by Form
10-K/A. 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.
SOURCE Helix Energy Solutions Group, Inc.
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Related links:
http://www.sec.gov
http://www.HelixESG.com
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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