Mariner Energy Announces 9 Blocks From MMS Oil and Gas Lease Sale Have Been Awarded
14 Juin 2006 - 1:46AM
PR Newswire (US)
HOUSTON, June 13 /PRNewswire-FirstCall/ -- Mariner Energy, Inc.
(NYSE:ME) announced today that it has been awarded nine blocks on
which it was the high bidder at the March 15th Minerals Management
Service (MMS) OCS Oil and Gas Lease Sale 198. The blocks awarded
include the block on which Mariner made its highest bid and two
blocks located in deepwater areas of the Gulf of Mexico (depths
greater than 400 meters). Mariner's net cost exposure for the nine
blocks is approximately $16.5 million. Its bid on a tenth block on
which it was also the high bidder was not awarded. Mariner Energy,
Inc. is an independent oil and gas exploration, development and
production company with principal operations in the Gulf of Mexico
and the Permian Basin in West Texas. For more information about
Mariner, please visit its website at http://www.mariner-energy.com/
FORWARD-LOOKING STATEMENTS This news release includes
forward-looking statements within the meaning of Section 27 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. 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, inflation or
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 detailed in 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 and shall not constitute an offer,
solicitation or sale in any jurisdiction in which such offer,
solicitation or sale would be unlawful. DATASOURCE: Mariner Energy,
Inc. CONTACT: Rick G. Lester, Vice President and Chief Financial
Officer of Mariner Energy, Inc., +1-713-954-5551, or Web site:
http://www.mariner-energy.com/
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