Helix to Present at Raymond James Conference
March 06 2006 - 12:10PM
PR Newswire (US)
HOUSTON, March 6 /PRNewswire-FirstCall/ -- Helix Energy Solutions
Group, Inc. (NASDAQ:HELX) will discuss its strategy and
expectations for 2006 on Tuesday, March 7, at Raymond James
Institutional Investors Conference in Orlando, Florida. The
presentation will begin at 8:05 a.m. (Eastern Time). Audio of the
presentation will be broadcast live from
http://www.wsw.com/webcast/rj19/helx/ . The slides will be
available on the Helix website, http://www.helixesg.com/ , by first
clicking "Investor Relations" and then "Presentations". Helix
Energy Solutions Group, Inc., headquartered in Houston, Texas, is
an energy service company which provides alternative solutions to
the oil and gas industry worldwide for marginal field development,
alternative development plans, field life extension and
abandonment, with service lines including marine diving services,
robotics, well operations, facilities 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, including the Company's Annual
Report on Form 10-K for the year ending December 31, 2004; and,
with respect to the proposed Remington merger, actual results could
differ materially from Helix' 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' 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, 2004. 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 will file 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 when it becomes available and any other
relevant documents filed with the SEC because they will contain
important information. You will be able to 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 proxy statement for Remington's 2005 Annual Meeting of
Stockholders. Investors may obtain additional information regarding
the interests of such participants by reading the proxy
statement/prospectus when it becomes available. 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.wsw.com/webcast/rj19/helx
http://www.rjcapitalmarkets.com/conference_detail_main.asp?content_id=100
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