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| Seven Seas Announces Date for Annual Shareholders Meeting; Meeting Set for May 14, 2002 |
HOUSTON, March 21 /PRNewswire-FirstCall/ -- Seven Seas Petroleum Inc. (Amex: SEV) announced that its 2002 annual meeting of shareholders will be held on Tuesday, May 14, 2002 at 10 a.m. in the Auditorium Room of the Marathon Oil Tower Conference Center, 5555 San Felipe, Suite 1700, Houston, Texas 77056. Shareholders of record as of close of business on March 29, 2002 will be sent official notice of this meeting and proxy materials on or about April 8, 2002. Seven Seas Petroleum Inc. is an independent oil and gas exploration and production company operating in Colombia, South America. The Company's primary emphasis is on the development and production of the Guaduas Oil Field and exploration of the Subthrust Dindal Prospect, both of which are located in Colombia's prolific Magdalena Basin. Statements regarding anticipated oil and gas production and other oil and gas operating activities, including the costs and timing of those activities, are "forward looking statements" within the meaning of the Securities Litigation Reform Act. The statements involve risks that could significantly impact Seven Seas Petroleum Inc. These risks include, but are not limited to, adverse general economic conditions, operating hazards, drilling risks, inherent uncertainties in interpreting engineering and geologic data, competition, reduced availability of drilling and other well services, fluctuations in oil and gas prices and prices for drilling and other well services and government regulation and foreign political risks, as well as other risks discussed in detail in the Seven Seas Petroleum Inc.'s filings with the U.S. Securities and Exchange Commission.SOURCE Seven Seas Petroleum Inc.
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