EPL Retains Jones Walker Law Firm to Conduct Independent Investigation of Possible Environmental Violations at East Bay
08 Giugno 2007 - 2:42PM
Business Wire
Energy Partners, Ltd. (�EPL� or the �Company�) (NYSE:EPL) today
announced that it has retained the law firm of Jones, Walker,
Waechter, Poitevent, Carrere & Denegre, L.L.P. to conduct an
independent investigation into possible environmental violations at
the Company�s East Bay field arising out of on-site governmental
agency inspections conducted in the field in late 2005 and early
2006. Earlier this week, the Company met with representatives of
the U.S. Attorney for the Eastern District of Louisiana in New
Orleans, the U.S. Environmental Protection Agency and the U.S.
Coast Guard and was informed that they are conducting an
investigation into possible criminal violations arising out of
those on-site inspections. The Company intends to cooperate fully
with the government�s investigation and said that operations in the
field remain unaffected by the investigation. 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.
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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