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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (48398)	7/23/1999 12:23:00 PM
From: Wowzer	Respond to of 95453

That just great....I guess I can always hope it's a buyout

To: ChanceIs who wrote (48398)	7/23/1999 12:37:00 PM
From: Wowzer	Read Replies (3) \| Respond to of 95453

EEX...Well no buyout... July 23, 1999 12:32 EEX Will Suspend Operations On George Prospect Jump to first matched term HOUSTON--(BUSINESS WIRE)--July 23, 1999--EEX Corporation (NYSE:EEX) has completed operations on its George Prospect in Mississippi Canyon Block 442. The well, which was drilled to a depth of approximately 22,000 feet, encountered hydrocarbons in non-commercial quantities. The well will be plugged and abandoned. After completing work on the well, the semi-submersible drilling rig C. Kirk Rhein will be released. EEX operated this well with a 70% interest. Additionally, earlier this month, EEX began drilling on its Mackerel prospect at Mississippi Canyon Block 620 in the deepwater Gulf of Mexico. This well will test Lower Pliocene and Miocene aged sands located approximately at 15,000 feet. EEX Corporation is an oil and natural gas exploration and production company with activities focused in Texas, the Gulf of Mexico and Indonesia. This report includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although EEX believes that its expectations are based on reasonable assumptions, it can give no assurance that its goals will be achieved. Important factors that could cause actual results to differ materially from those in the forward-looking statements include political developments in foreign countries, federal and state regulatory developments, the timing and extent of changes in commodity prices, the timing and extent of success in discovering, developing and producing or acquiring oil and gas reserves, and conditions of the capital and equity markets during the periods covered by the forward-looking statements. EEX's periodic reports filed with the Securities and Exchange Commission include a discussion of important factors that could cause actual results to differ materially from those indicated in forward-looking statements. For additional information, call 1-888-EEX-NEWS, or visit our Website at eex.com CONTACT: EEX Corporation, Houston John A. MacDonald, 713/243-3111