Cheniere Announces Agreement with Nabors Drilling.HOUSTON--(BUSINESS WIRE)--May 27, 1999-- Cheniere Energy Inc. (Nasdaq:CHEX CHEX Confined Helium Experiment CHEX Channel Expanded ) announced today that it has signed an agreement with Nabors Drilling USA Inc. whereby Nabors will provide drilling services for an initial package of three wells to be drilled in 1999. The first well in the package is scheduled to be drilled in June June: see month. on Cheniere's Heron Prospect. Cheniere will be the operator and intends to retain a 55% working interest in the well. Houston-based Cheniere Energy Inc. is an independent oil and gas company focusing in the Transition Zone of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein. . The Company relies extensively on the use of 3-D seismic technology in its exploration. This news release includes forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are based on assumptions which in the future may prove not to be accurate. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Certain risks and uncertainties inherent in the Company's business are set forth in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission. |
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