Corporate Profile for EEX Corporation, dated July 9, 1999.--(BUSINESS WIRE)-- The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: July 9, 1999
Company Name: EEX Corporation
Address: 2500 CityWest Blvd., Suite 1400
Houston, Texas 77042
Main Telephone
Number: 713/243-3100
Internet Home
Page Address
(URL) http://www.eex.com
Chief Executive
Officer: Thomas M Hamilton
Chief Financial
Officer: Richard S. Langdon,
Investor Relations
Contact: John MacDonald
Business number: 713/243-3111
E-mail address: jamacdonald@eex.com
Industry: Energy
Trading Symbol/
Exchange: NYSE/EEX
Company description: EEX EEX European Energy Exchange EEX Enter Exponent is a Houston-based independent oil and gas exploration company focused on large reserve potential projects in the Deepwater and Continental Shelf of 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 and selected international areas. Currently, our deep-drilling prospects are located primarily in the Garden Banks, Green Canyon and Mississippi Mississippi, state, United States Mississippi (mĭs'əsĭp`ē), one of the Deep South states of the United States. It is bordered by Alabama (E), the Gulf of Mexico (S), Arkansas and Louisiana, with most of the border formed by Canyon areas of the Gulf. Following an initial drilling program in 1998, including a significant discovery at the Llano lla·no n. pl. lla·nos A large, grassy, almost treeless plain, especially one in Latin America. [Spanish, plain, from Latin pl prospect on Garden Banks Block 386, the Company is continuing its exploration and development activities over its large inventory of leasehold An estate, interest, in real property held under a rental agreement by which the owner gives another the right to occupy or use land for a period of time. leasehold n. in the Gulf of Mexico using drilling rigs secured under long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. contract. With sufficient funding and rig availability in place, our mission is to increase shareholder value by finding and developing a few large-scale opportunities with a small, highly skilled and motivated mo·ti·vate tr.v. mo·ti·vat·ed, mo·ti·vat·ing, mo·ti·vates To provide with an incentive; move to action; impel. mo organization. In 1998 the company recorded revenues of $219 million and posted a net loss of $41 million. For 1999, EEX has announced a capital budget of $136 million with a majority planned for deepwater activities. Complete historical and current information about the company is available for the website at: http://www.eex.com. |
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