Cal Dive Closes First Phase of Asset Purchase Transaction With Stolt Offshore
02 Novembre 2005 - 9:00AM
PR Newswire (US)
HOUSTON, Nov. 2 /PRNewswire-FirstCall/ -- Cal Dive International,
Inc. (NASDAQ:CDIS) announced today that it has closed a transaction
to purchase the diving assets of Stolt Offshore that presently
operate in the Gulf of Mexico. The assets include: seven diving
support vessels, a portable saturation diving system, various
general diving equipment and Louisiana operating bases at the Port
of Iberia and Fourchon. The separate purchases of the DB801 and
Kestrel will be closed when those assets complete their present
work campaigns in Trinidadian waters. The total transaction value
for all of the assets will be approximately $123 million. Cal Dive
International, Inc., headquartered in Houston, Texas, is an energy
service company which provides alternate 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. 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; 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; 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, 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. We assume no obligation and do not intend
to update these forward-looking statements. DATASOURCE: Cal Dive
International, Inc. CONTACT: Wade Pursell, Chief Financial Officer
of Cal Dive International, Inc., +1-281-618-0400, or fax,
+1-281-618-0505 Web site: http://www.caldive.com/
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