EPL Names Timothy Woodall Chief Financial Officer
22 Agosto 2006 - 3:00PM
Business Wire
Energy Partners, Ltd. (EPL) (NYSE:EPL) announced today that Timothy
R. Woodall has joined EPL as of August 21, 2006 as its Executive
Vice President and Chief Financial Officer. Mr. Woodall has over 13
years of energy experience and was most recently with UBS
Investment Bank (UBS) serving as an Executive Director within its
Global Energy Group. In addition to focusing on international
energy companies, he has advised on various mergers and
acquisitions (M&A) and capital market transactions for a number
of U.S. clients including EPL. Prior to his position with UBS, Mr.
Woodall had been a Director of Investment Banking for Credit Suisse
First Boston since 2001. From 1997 to 2001, Mr. Woodall worked for
Woodside Petroleum Ltd. as head of M&A. Mr. Woodall is a
Certified Practising Accountant licensed in Australia and holds a
Bachelor of Economics for the University of Adelaide. He and his
family will reside in New Orleans, Louisiana, EPL's headquarters.
Richard A. Bachmann, EPL's Chairman and CEO, commented, "We are
very excited to have Tim join our senior management team at EPL. We
have worked well in the past together, most recently when we issued
our senior notes in 2003. Our discussions with Tim pre-date our
pending acquisition of Stone Energy Corporation. His experience and
abilities will be of great value to the Company as we continue our
growth. This is a very exciting and critical time for us with the
pending acquisition of Stone, and we believe Tim is an excellent
fit to our team." Founded in 1998, EPL is an independent oil and
natural gas exploration and production company based in New
Orleans, Louisiana. The Company's operations are focused along the
U. S. Gulf Coast, both onshore in south Louisiana and offshore in
the Gulf of Mexico. Forward Looking Statements & Additional
Information This press release contains forward-looking information
regarding EPL and Stone that is intended to be covered by the safe
harbor "forward-looking statements" provided by the Private
Securities Litigation Reform Act of 1995. All statements included
in this press release that address activities, events or
developments that EPL or Stone expects, believes or anticipates
will or may occur in the future are forward-looking statements.
These include statements regarding: -- completion of the proposed
merger, -- effective integration of the two companies, -- reserve
and production estimates, -- oil and natural gas prices, -- the
impact of derivative positions, -- production expense estimates, --
cash flow estimates, -- future financial performance, -- planned
capital expenditures, and -- other matters that are discussed in
EPL's and Stone's filings with the SEC. These statements are based
on current expectations and projections about future events and
involve known and unknown risks, uncertainties, and other factors
that may cause actual results and performance to be materially
different from any future results or performance expressed or
implied by these forward-looking statements. Please refer to EPL's
and Stone's filings with the SEC, including each company's Form
10-K for the year ended December 31, 2005, for a discussion of
these risks. EPL AND STONE HAVE FILED A PRELIMINARY JOINT PROXY
STATEMENT/PROSPECTUS AND OTHER DOCUMENTS WITH THE SECURITIES AND
EXCHANGE COMMISSION. INVESTORS AND SECURITY HOLDERS ARE URGED TO
READ CAREFULLY THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS WHEN
IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION
REGARDING EPL, STONE AND THE ACQUISITION. A DEFINITIVE JOINT PROXY
STATEMENT/PROSPECTUS WILL BE SENT TO SECURITY HOLDERS OF EPL AND
STONE SEEKING THEIR APPROVAL OF THE ACQUISITION. The documents
filed with the SEC by EPL may be obtained free of charge from EPL's
website at www.eplweb.com or by directing a request to: Energy
Partners, Ltd., 201 St. Charles Avenue, Suite 3400, New Orleans,
Louisiana 70170, Attn: Secretary, (504) 569- 1875. In addition, the
documents filed with the SEC by Stone may be obtained free of
charge from Stone website at www.stoneenergy.com or by directing a
request to: Stone Energy Corporation, 625 E. Kaliste Saloom Road,
Lafayette, Louisiana 70508, Attn: Kenneth Beer, (337) 237-0410.
Investors and security holders are urged to read the joint proxy
statement/prospectus and the other relevant materials when they
become available before making any voting or investment decision
with respect to the proposed acquisition. EPL, Stone and their
respective executive officers and directors may be deemed to be
participants in the solicitation of proxies from the stockholders
of EPL and Stone in favor of the acquisition. Information about the
executive officers and directors of EPL and their direct or
indirect interests, by security holdings or otherwise, in the
acquisition will be set forth in the proxy statement-prospectus
relating to the acquisition when it becomes available. Information
about the executive officers and directors of Stone and their
direct or indirect interests, by security holdings or otherwise, in
the acquisition will be set forth in the proxy statement-prospectus
relating to the acquisition when it becomes available.
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