EPL Announces Departure of Tim Woodall as Chief Financial Officer
09 Maggio 2007 - 10:07PM
Business Wire
Energy Partners, Ltd. (�EPL� or the �Company�) (NYSE:EPL) today
announced that Timothy R. Woodall, EPL�s Executive Vice President
and Chief Financial Officer, has resigned in order to pursue other
options. The Company has just initiated a search for a new Chief
Financial Officer. In the interim, the individuals who shared Mr.
Woodall�s primary responsibilities prior to his arrival in August
2006 will again share those responsibilities. These individuals
include Joseph LeBlanc, Dina Bracci Riviere and T.J. Thom, the
Company�s Treasurer, Controller and Director of Investor Relations,
respectively. Richard A. Bachmann, EPL's Chairman and Chief
Executive Officer, said, �EPL is fortunate in having a deep bench
of individuals with the financial expertise needed to ensure that
things run smoothly as we conduct our search for a new CFO. We will
continue our focus on our core business and our determination to
create value for shareholders.� 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 This
press release may contain forward-looking information and
statements regarding EPL. Any statements included in this press
release that address activities, events or developments that EPL
expects, believes or anticipates will or may occur in the future
are forward-looking statements. These include statements regarding:
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 filings
with the Securities and Exchange Commission. 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 filings with the SEC, including Form 10-K for the
year ended December 31, 2006 and Form 10-Q as of March 31, 2007,
for a discussion of these risks. This announcement does not
constitute an offer or invitation to purchase nor a solicitation of
an offer to buy or sell any securities of EPL. Additional
Information and Where to Find It. Security holders may obtain
information regarding the Company from EPL's website at
www.eplweb.com, from the Securities and Exchange Commission's
website at www.sec.gov, or by directing a request to: Energy
Partners, Ltd. 201 St. Charles Avenue, Suite 3400, New Orleans,
Louisiana 70170, Attn: Secretary, (504) 569-1875.
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