HOUSTON, May 1 /PRNewswire-FirstCall/ -- Helix Energy Solutions Group,
Inc. (Nasdaq: HELX) will be presenting on Monday, May 1 at the Jefferies &
Company Conference in Houston, Texas.
The presentation will begin at 10:00 AM Central Time. The slides will
be available on the Helix website, http://www.HelixESG.com , by first
clicking "Investor Relations" and then "Presentations".
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 contains 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 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 Annual Report on Form 10-K for the
year ended December 31, 2005, as amended by Form 10-K/A. 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.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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