Helix to Present at UBS Global Oil & Gas Conference
12 May 2006 - 4:00AM
PR Newswire (US)
HOUSTON, May 11 /PRNewswire-FirstCall/ -- Helix Energy Solutions
Group, Inc. (NASDAQ:HELX) will be presenting on Tuesday, May 23 at
the UBS Global Oil & Gas Conference in Austin, Texas. The
presentation will begin at 8:40 am Central Time. Audio of the
presentation will be broadcast live from http://www.ibb.ubs.com/ .
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 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 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 ("SEC"), 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 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 2006
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.sec.gov/ Web site: http://www.helixesg.com/
http://www.ibb.ubs.com/
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