Remington Oil and Gas Corporation to Present Company Update at the IPAA 2nd Annual Investment Symposium West in San Francisco
September 23 2004 - 5:44PM
PR Newswire (US)
Remington Oil and Gas Corporation to Present Company Update at the
IPAA 2nd Annual Investment Symposium West in San Francisco DALLAS,
Sept. 23 /PRNewswire-FirstCall/ -- Remington Oil and Gas
Corporation (NYSE:REM) announced today that James A. Watt, Chairman
and CEO, and Robert P. Murphy, President and COO, are scheduled to
present Monday, September 27, 2004, at the IPAA 2nd Annual
Investment Symposium West in San Francisco, CA, at approximately
10:35 AM PT or 12:35 PM CT. A link to the live IPAA webcast and
presentation will be available on the Company's website at
http://www.remoil.net/ . In the presentation, management will
update investors on current and future drilling and production
operations. Additionally the Company will also discuss the impact
of Hurricane Ivan on its Gulf of Mexico operations. At this time,
the only significant physical damage to the Company operated
facilities has been limited to a subsea well head at West Cameron
Block 457. Repair operations are underway and this well should be
back on production by the end of the month. Production from the
Company's offshore fields was impaired for several days. With the
exception of the West Cameron 457 damage and one non-operated field
still awaiting pipeline repairs, the majority of the Company's
production has been restored. As a result of the storm, the Company
expects the combined third and fourth quarter to average at the
lower end of its previously stated production guidance of 120 to
125 Mcfe per day, or 22 Bcfe for the second half of 2004. Remington
Oil and Gas Corporation is an independent oil and gas exploration
and production company headquartered in Dallas, Texas, with
operations concentrating in the onshore and offshore regions of the
Gulf Coast. Statements concerning future revenues and expenses,
production volumes, results of exploration, exploitation,
development, acquisition and operations expenditures, and
prospective reserve levels of prospects or wells are
forward-looking statements. Prospect size and reserve levels are
often referred to as "potential" or "un-risked" reserves and are
based on the Company's internal estimates from the volumetric
calculations or analogous production. Other forward-looking
statements are based on assumptions concerning commodity prices,
drilling results, recovery factors for wells, production rates, and
operating, administrative and interest costs that management
believes are reasonable based on currently available information;
however, management's assumptions and the Company's future
performance are subject to a wide range of business, mechanical,
political, environmental, and geologic risks. There is no assurance
that these goals, projections, costs, expenses, reserve levels, and
production volumes can or will be met. Further information is
available in the Company's filings with the Securities and Exchange
Commission, which are herein incorporated by this reference.
Information in this document should be reviewed in combination with
the Company's filings with the Securities and Exchange Commission
and information available on the Company's website at
http://www.remoil.net/ . DATASOURCE: Remington Oil and Gas
Corporation CONTACT: Steven J. Craig, Sr. Vice President of
Remington Oil and Gas Corporation, +1-214-210-2675 Web site:
http://www.remoil.net/
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