Helix to Present at Jefferies & Company Conference
02 May 2006 - 1:22AM
PR Newswire (US)
HOUSTON, May 1 /PRNewswire-FirstCall/ -- Helix Energy Solutions
Group, Inc. (NASDAQ:HELX) will be presenting on Monday, May 1 at
the Jefferies & Company Conference in Houston, Texas. The
presentation will begin at 10:00 AM Central Time. The slides will
be available on the Helix 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 contains
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 proposed merger of Remington Oil and Gas
Corporation into a wholly owned subsidiary of Helix or the
anticipated results (financial or otherwise) thereof; 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, including the Company's Annual Report on Form
10-K for the year ending December 31, 2005; and, with respect to
the proposed 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 as further
outlined in "Management's Discussion and Analysis of Financial
Condition and Results of Operations" in each of the companies'
respective Annual Reports on Form 10-K for the year ended December
31, 2005. 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. ADDITIONAL INFORMATION Helix and Remington have filed a
proxy statement/prospectus and other relevant documents concerning
the proposed merger transaction with the Securities and Exchange
Commission ("SEC"). Investors are urged to read the proxy
statement/prospectus and any other relevant documents filed with
the SEC because they contain important information. You can obtain
the documents free of charge at the website maintained by the SEC
at http://www.sec.gov/ . In addition, you may obtain documents
filed with the SEC by Helix free of charge by requesting them in
writing from Helix or by telephone at (281) 618-0400. You may
obtain documents filed with the SEC by Remington free of charge by
requesting them in writing from Remington or by telephone at (214)
210-2650. Helix and Remington, and their respective directors and
executive officers, may be deemed to be participants in the
solicitation of proxies from the stockholders of Remington in
connection with the merger. Information about the directors and
executive officers of Helix and their ownership of Helix stock is
set forth in the proxy statement for Helix's 2005 Annual Meeting of
Shareholders. Information about the directors and executive
officers of Remington and their ownership of Remington stock is set
forth in the Annual Report on Form 10-K for the year ended December
31, 2005, as amended by Form 10-K/A. Investors may obtain
additional information regarding the interests of such participants
by reading the proxy statement/prospectus. DATASOURCE: Helix Energy
Solutions Group, Inc. CONTACT: Wade Pursell, Chief Financial
Officer of Helix Energy Solutions Group, Inc., +1-281-618-0400, or
fax, +1-281-618-0505 Web site: http://www.helixesg.com/
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