HOUSTON, Dec. 18 /PRNewswire/ -- Ocean Energy, Inc. (NYSE: OEI) will host
a conference call and Web cast to discuss the company's financial and
operational outlook for 2001 on Tuesday, December 19, 2000 at 2 p.m. Central/
3 p.m. Eastern. In conjunction with this press release, the company filed
with the Securities and Exchange Commission information on Form 8-K.
William L. Transier, Executive Vice President and Chief Financial Officer,
and Bruce W. Busmire, Vice President of Investor Relations, will provide an
overview of the company's 2001 forecast as set forth in a Form 8-K filed on
Dec. 18, 2000. 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 (800) 988-9611. Outside of
the U.S. and Canada, the dial-in number is (712) 271-0903. The passcode is
OEI. The call will be available for playback through 5 p.m. Central/6 p.m.
Eastern on January 15, 2001 by dialing (800) 456-0483 (U.S. and Canada) or
(402) 998-0077 (international).
The call will also be simultaneously broadcast for listening on the
Internet. To join the Web cast, a computer must be used that meets the
minimum requirements described below.
Internet broadcast Web site: http://videonewswire.com/OCEAN/121900/
Minimum requirements:
-- RealPlayer 7 Basic software. The newer version of RealPlayer 8 Basic
beta is 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
-- For technical assistance related to the broadcast, send an e-mail to
webmaster@vdat.com. Please note that Ocean Energy is unable to provide
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, sending an e-mail to webmaster@vdat.com if there
are any questions or problems.
Following the live conference call on December 19, 2000, the Internet
broadcast will also be archived on the Ocean Energy Web site at
http://www.oceanenergy.com until January 15, 2001.
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 Cote d'Ivoire,
Equatorial Guinea and Angola. The company also conducts operations in the
republics of Egypt, Tatarstan, Pakistan, Yemen 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, 1999. Actual results may vary materially.
SOURCE Ocean Energy, Inc.
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Related links:
http://www.real.com/products/player/index.html
http://www.oceanenergy.com
Company News On-Call:
http://www.prnewswire.com/comp/913463.html or fax,
800-758-5804, ext. 913463
Audio:http://videonewswire.com/OCEAN/121900
CONTACT:
financial, Bruce Busmire, 713-265-6161, or
media, Janice Aston White, 713-265-6164, both of Ocean Energy,
Inc.
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