Cheniere Energy Inc. Announces Partner For Drilling Program.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--March 14, 2000 Cheniere Energy Inc. (Nasdaq:CHEX CHEX Confined Helium Experiment CHEX Channel Expanded ) announced that it has entered into an exploration agreement with Samson Offshore Company, a private Oklahoma corporation. Under the terms of the agreement, Samson Offshore acquired an option to participate at a 50% working interest level in all drilling prospects generated by Cheniere in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east over the next eighteen months for an undisclosed amount. In addition, Samson Offshore will pay a disproportionate dis·pro·por·tion·ate adj. Out of proportion, as in size, shape, or amount. dis  pro·por share of the cost of leasing and of drilling the initial test well on each prospect. Cheniere will be operator of the drilling program. Mike Harvey, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cheniere, commented, "We're pleased to have Samson as a partner in our Gulf of Mexico exploration program. This agreement will allow Cheniere to commence drilling our inventory of prospects in the shallow water See:
Cheniere Energy Inc. is an independent oil and gas company focused in and around the Gulf of Mexico. The company generates drilling prospects internally using its 9,000-square-mile 3-D seismic database. Additional information about Cheniere can be found at its Internet website -- http://www.cheniere.com. Samson Offshore is a subsidiary of Samson Investment Co. of Tulsa. Samson is primarily engaged in oil and gas exploration and production operations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, Venezuela, and Russia, and has business activities outside of the energy industry. Except for the historical statements contained herein, this news release presents 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 involve risks and uncertainties. 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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