HOUSTON, Aug. 9 /PRNewswire/ -- Ocean Energy, Inc. (NYSE: OEI) announced
today that it filed a shelf registration statement with the Securities and
Exchange Commission. The registration statement is intended to replace the
company's existing $1 billion shelf registration statement, update information
relating to the company following its recent reincorporation from Texas to
Delaware and provide additional flexibility for the company's future issuance
of securities without increasing the amount of securities outstanding under
the existing shelf registration statement. Upon effectiveness of the
registration statement, up to $1 billion of debt and equity securities may be
sold from time to time in one or more offerings on terms and conditions to be
determined in light of the circumstances.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission, but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective. This press release
shall not constitute an offer to sell, or the solicitation of an offer to buy
nor shall there be any sale of these securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
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 Rocky Mountains, Permian Basin, Arklatex, Anadarko,
East Texas and the Gulf Coast regions. Internationally, Ocean holds a leading
position among U.S. independents in West Africa with oil and gas activities in
Equatorial Guinea, Angola and Cote d'Ivoire. The company also conducts
operations in Egypt, Tatarstan, Brazil, Pakistan, and Indonesia.
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
CONTACT:
financial, Bruce Busmire, +1-713-265-6161, or
media, Janice Aston White, +1-713-265-6164, both of Ocean Energy,
Inc.
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