HOUSTON, Sept. 5 /PRNewswire-FirstCall/ -- Helix Energy Solutions
(NYSE: HLX) today announced that Martin Ferron, President and Wade Pursell,
Chief Financial Officer will deliver a presentation at the Lehman Brothers
CEO Energy/Power Conference in New York City on Wednesday, September 6,
2006. The presentation is scheduled to begin at 7:45 a.m. Eastern Time and
will be available on a live audio webcast at the web address listed below.
In addition a replay will be available for 90 days.
http://customer.talkpoint.com/LEHM002/090506a_jw/default.asp?entity=Hel
ix
The slides will be available on Helix's 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 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 anticipated results (financial or otherwise) of the merger of
Remington Oil and Gas Corporation into a wholly-owned subsidiary of Helix;
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 ("SEC"),
including the Company's Annual Report on Form 10-K for the year ending
December 31, 2005; and, with respect to the 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. 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.
SOURCE Helix Energy Solutions Group, Inc.
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Related links:
http://www.HelixESG.com
http://customer.talkpoint.com/LEHM002/090506a_jw/default.asp?entity=Helix
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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