Houston Exploration Announces Voting Results From Annual Meeting
28 Aprile 2006 - 8:45PM
PR Newswire (US)
HOUSTON, April 28 /PRNewswire-FirstCall/ -- The Houston Exploration
Company (NYSE:THX) today announced that at its Annual Meeting of
Stockholders all members of the Board of Directors were re-elected
by a plurality, a majority of the votes cast at the Meeting, and a
majority of the outstanding shares. Each director will serve until
the Company's next Annual Meeting in 2007. Based on the preliminary
results of votes cast at the Meeting, each of the directors
received approximately the following percentage of votes "FOR":
David G. Elkins, 70 percent; Stephen W. McKessy, 70 percent; Harold
R. Logan, Jr., 69 percent; Thomas A. McKeever, 69 percent; Donald
C. Vaughn, 69 percent; John U. Clarke, 67 percent; William G.
Hargett, 67 percent; Robert B. Catell, 54 percent. In addition,
Deloitte & Touche LLP was appointed as the Company's
independent public accountants for the fiscal year ending December
31, 2006. Final voting results for the Annual Meeting will be
reported in the Company's SEC filings. About Houston Exploration:
The Houston Exploration Company is an independent natural gas and
crude oil producer engaged in the development, exploitation,
exploration and acquisition of natural gas and crude oil
properties. The company's operations are focused in South Texas,
the Gulf of Mexico, the Arkoma Basin, East Texas, and in the Rocky
Mountains. For more information, visit the company's Web site at
http://www.houstonexploration.com/ . Forward-looking statements:
This news release and oral statements regarding the subjects of
this release contain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934 and the Private Securities
Litigation Reform Act. All statements other than statements of
historical fact included in this press release are forward- looking
statements and reflect the company's current expectations and are
based on current available information and numerous assumptions.
Important factors that could cause actual results to materially
differ from the company's current expectations include, among
others, the business outlook, the ability to complete the announced
divestiture of the company's offshore assets and effect qualified
like-kind exchange transactions to maximize tax efficiencies, the
impact of onshore asset concentration, the risks associated with
the consummation and successful integration of acquisitions, the
impact of hurricanes, price volatility, the risk of future
writedowns, the impact of hedging activities, the accuracy of
estimates of reserves and production rates, production and spending
requirements, the inability to meet substantial capital
requirements, the market and other factors for stock repurchases,
the constraints imposed by the company's outstanding indebtedness,
the relatively short production life of the company's reserves,
reserve replacement risks, drilling risks and results, the
competitive nature of the industry, and other risks and factors
inherent in the exploration for and production of natural gas and
crude oil discussed in the company's filings with the Securities
and Exchange Commission, including the company's annual report on
Form 10-K for the year ended December 31, 2005. The company assumes
no responsibility to update any of the information referenced in
this news release. Contacts: Melissa R. Aurelio The Houston
Exploration Company 713-830-6887 Barrett Golden / Eric Brielmann
Joele Frank, Wilkinson Brimmer Katcher (212) 355-4449 DATASOURCE:
The Houston Exploration Company CONTACT: Melissa R. Aurelio of The
Houston Exploration Company, +1-713-830-6887; or Barrett Golden or
Eric Brielmann, both of Joele Frank, Wilkinson Brimmer Katcher,
+1-212-355-4449, for The Houston Exploration Company Web site:
http://www.houstonexploration.com/
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