Mariner Energy Announces Appointment of Chief Financial Officer
October 13 2006 - 7:58PM
PR Newswire (US)
HOUSTON, Oct. 13 /PRNewswire-FirstCall/ -- Mariner Energy, Inc.
(NYSE:ME) announces today that John H. Karnes will join Mariner on
October 16, 2006, as its Senior Vice President, Chief Financial
Officer and Treasurer. Mr. Karnes will replace Rick G. Lester who
announced on June 29, 2006, his intended departure from Mariner and
who has continued in his role at the company on a consulting basis.
Scott D. Josey, Mariner's Chief Executive Officer and President
said, "John Karnes brings a rich complement of skills and a wealth
of business experience to Mariner. I believe he will be a great
addition to our management team." Previously, Mr. Karnes was the
Senior Vice President and Chief Financial Officer of The Houston
Exploration Company from November 2002 through December 2005. Prior
to his service at Houston Exploration, in 2002 he was Vice
President and General Counsel for Encore Acquisition Company, a
NYSE-listed exploration and production company. He served as
Executive Vice President and Chief Financial Officer at Cybercash,
Inc., a NASDAQ-listed software and services provider, from 2000 to
2001. He has served in other management roles at publicly-traded
companies during his career, including positions at Snyder Oil
Corporation and Apache Corporation. He is an attorney and practiced
at the national law firm of Kirkland & Ellis, from 1987 to
1991, focusing on securities matters and mergers and acquisitions.
Mr. Karnes received his Bachelor of Business Administration degree
in accounting, with honors, from the University of Texas at Austin
and his Juris Doctorate, with honors, from Southern Methodist
University School of Law. This news release includes
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. All statements, other than statements of historical
facts, that address activities that Mariner assumes, plans,
expects, believes, projects, estimates or anticipates (and other
similar expressions) will, should or may occur in the future are
forward-looking statements. Our forward-looking statements are
generally accompanied by words such as "may", "will", "estimate",
"project", "predict", "believe", "expect", "anticipate",
"potential", "plan", "goal", or other words that convey the
uncertainty of future events or outcomes. The forward-looking
statements provided in this press release are based on the current
belief of Mariner based on currently available information as to
the outcome and timing of future events. Mariner cautions that its
future natural gas and liquids production, revenues and expenses
and other forward-looking statements are subject to all of the
risks and uncertainties normally incident to the exploration for
and development and production and sale of oil and gas. These risks
include, but are not limited to, price volatility or inflation,
lack of availability of goods and services, environmental risks,
drilling and other operating risks, regulatory changes, the
uncertainty inherent in estimating future oil and gas production or
reserves, and other risks as described in the Annual Report on Form
10-K for the fiscal year ended December 31, 2005, and other
documents filed by Mariner with the Securities and Exchange
Commission. Any of these factors could cause the actual results and
plans of Mariner to differ materially from those in the
forward-looking statements. Investors are urged to read the Annual
Report on Form 10-K for the year ended December 31, 2005 and other
documents filed by Mariner with the Securities and Exchange
Commission that contain important information including detailed
risk factors. This news release does not constitute an offer to
sell or a solicitation of an offer to buy any securities of
Mariner. About Mariner Energy, Inc. Mariner Energy, Inc. is an
independent oil and gas exploration, development and production
company with principal operations in the Gulf of Mexico and West
Texas. For more information about Mariner, please visit its website
at http://www.mariner-energy.com/ . DATASOURCE: Mariner Energy,
Inc. CONTACT: Jaime F. Brito, Director, Investor Relations of
Mariner Energy, Inc., +1-713-954-5558, or Web site:
http://www.mariner-energy.com/
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