Cheniere Energy Inc. Apparent High Bidder on Five Offshore Blocks.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--March 16, 2000 Cheniere Energy Inc. (Nasdaq:CHEX CHEX Confined Helium Experiment CHEX Channel Expanded ) announced its results at Central 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 Sale 175 for federal offshore lease blocks. The company was the apparent high bidder for five of the eight blocks on which it bid with partner Samson Samson, in the Bible, judge of Israel. His long hair was a symbol of his vows to God, and because of this covenant Samson was strong. The enemies of his people, the Philistines, accomplished his destruction through the woman Delilah. Offshore Company. Under the terms of their recently announced joint exploration agreement, Cheniere and Samson Offshore each will own a 50% interest in the leases. All of the blocks are located offshore Louisiana Louisiana (ləwē'zēăn`ə, l  ē'–), state in the S central United States. It is bounded by Mississippi, with the Mississippi R. in water depths of less than 100 feet. Cheniere will be the operator of each of the blocks. Michael L. Harvey Harvey, city (1990 pop. 29,771), Cook co., NE Ill., a suburb S of Chicago; inc. 1895. Its manufactures include steel castings, metal products, chemicals, machinery, and electronic equipment. Harvey has an oil research center. The city was founded by Turlington W. , president and chief executive officer, commented, "This lease sale was an important step in the evolution of our exploration program. Cheniere is now positioned to commence its 2000 drilling program with a growing inventory of high-quality prospects and a strong drilling partner." 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 and acquires drilling rights on these prospects through lease sales and farm-ins. Additional information about Cheniere can be found at its internet website -- http://www.cheniere.com. Samson Offshore is a subsidiary of Samson Investment Company of Tulsa. Samson is 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. More information about Samson can be found at its internet website -- http://www.samson.com. 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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