Stone Energy Corporation Acknowledges Proposal for EPL By ATS Inc.
28 Agosto 2006 - 8:55PM
PR Newswire (US)
LAFAYETTE, La., Aug. 28 /PRNewswire-FirstCall/ -- Stone Energy
Corporation (NYSE:SGY) was made aware of a proposal from ATS Inc.,
a wholly-owned subsidiary of Woodside Petroleum Ltd of Australia,
in which ATS intends to make a tender offer for Energy Partners,
Ltd. (NYSE:EPL). The ATS offer is conditioned on EPL stockholders
voting down the current merger agreement with Stone Energy. Stone
management and its Board are reviewing and evaluating this
announcement from ATS. Stone intends to move forward on the
proposed combination with EPL as is contemplated in the merger
agreement with EPL. Stone and EPL will file definitive materials
relating to the transaction with the Securities and Exchange
Commission (SEC), including one or more registration statement(s)
that contain a prospectus and a joint proxy statement. Investors
and security holders of Stone and EPL are urged to read these
documents and any other relevant documents filed with the SEC, as
well as any amendments or supplements to those documents, because
they will contain important information about Stone and EPL and the
transaction. Investors and security holders may obtain these
documents free of charge at the SEC's website at
http://www.sec.gov/ . In addition, the documents filed with the SEC
by Stone may be obtained free of charge from Stone's website at
http://www.stoneenergy.com/ . The documents filed with the SEC by
EPL may be obtained free of charge from EPL's website at
http://www.eplweb.com/ . 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.
Stone, EPL and their respective executive officers and directors
may be deemed to be participants in the solicitation of proxies
from the stockholders of Stone and EPL in connection with the
acquisition. 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. 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. Stone Energy is an independent oil and
natural gas company headquartered in Lafayette, Louisiana, and is
engaged in the acquisition and subsequent exploration, development,
operation and production of oil and gas properties located in the
conventional shelf of the Gulf of Mexico, the deep shelf of the
Gulf of Mexico, the deepwater of the Gulf of Mexico, the Rocky
Mountain region and the Williston Basin. Stone is also engaged in
an exploratory joint venture in Bohai Bay, China. For additional
information, contact Kenneth H. Beer, Chief Financial Officer at
337-237-0410-phone, 337-237-0426-fax or via e-mail at . Certain
statements in this press release are forward-looking and are based
upon Stone's current belief as to the outcome and timing of future
events. All statements, other than statements of historical facts,
that address activities that Stone plans, expects, believes,
projects, estimates or anticipates will, should or may occur in the
future, including future production of oil and gas, future capital
expenditures and drilling of wells and future financial or
operating results are forward-looking statements. Important factors
that could cause actual results to differ materially from those in
the forward-looking statements herein include the timing and extent
of changes in commodity prices for oil and gas, operating risks and
other risk factors as described in Stone's Annual Report on Form
10-K as filed with the Securities and Exchange Commission. Should
one or more of these risks or uncertainties occur, or should
underlying assumptions prove incorrect, Stone's actual results and
plans could differ materially from those expressed in the
forward-looking statements. DATASOURCE: Stone Energy Corporation
CONTACT: Kenneth H. Beer, Chief Financial Officer of Stone Energy
Corporation, +1-337-237-0410, or fax, +1-337-237-0426 or Web site:
http://www.stoneenergy.com/ http://www.eplweb.com/
Copyright
Grafico Azioni Energy Partners (NYSE:EPL)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Energy Partners (NYSE:EPL)
Storico
Da Set 2023 a Set 2024
Notizie in Tempo Reale relative a Epl Oil & Gas (Borsa di New York (NYSE)): 0 articoli recenti
Più Energy Partners Ltd Articoli Notizie