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| Seven Seas Shareholders Elect Directors |
HOUSTON, May 15 /PRNewswire-FirstCall/ -- Seven Seas Petroleum Inc. (Amex: SEV) announced that at the 2002 annual meeting of shareholders held yesterday, Seven Seas shareholders elected R. Randolph Devening, Brian F. Egolf, Gary F. Fuller, Robert A. Hefner III, Larry A. Ray and James R. Schlesinger as directors of the Company to serve until the next annual meeting. The audio portion and accompanying slides of the Chairman's presentation to shareholders will be archived on the Company's web site (http://www.sevenseaspetro.com ) for at least 30 days. 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 Oil and Gas 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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Seas Petroleum Inc., +1-713-622-8218
