-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KDUghRNIcq7ImmBS46LpKgCmGF7+GvJzkMdPPm80p7imPD+o/4IRqJGgTgtZEvB3 ENXpqqlryp2EB2ZTZkriow== 0000904080-05-000024.txt : 20050318 0000904080-05-000024.hdr.sgml : 20050318 20050318151150 ACCESSION NUMBER: 0000904080-05-000024 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050317 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050318 DATE AS OF CHANGE: 20050318 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STONE ENERGY CORP CENTRAL INDEX KEY: 0000904080 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 721235413 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12074 FILM NUMBER: 05691508 BUSINESS ADDRESS: STREET 1: 625 E KALISTE SALOOM RD CITY: LAFAYETTE STATE: LA ZIP: 70508 BUSINESS PHONE: 3182370410 MAIL ADDRESS: STREET 1: 625 E KALISTLE SALOOM RD CITY: LAFAYETTE STATE: LA ZIP: 70508 8-K 1 f8kleasesale3-05.htm FORM 8-K

 

 

 

 

 

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

March 17, 2005

Date of report (Date of earliest event reported)

 

STONE ENERGY CORPORATION

(Exact Name of Registrant as Specified in Charter)

 

 

Delaware

 

1-12074

 

72-1235413

 

 

(State or Other

Jurisdiction of

Incorporation)

 

(Commission File

Number)

 

(IRS Employer

Identification No.)

 

 

625 E. Kaliste Saloom Road

Lafayette, Louisiana

 

70508

(Address of Principal Executive Offices)

(Zip Code)

 

 

 

 

Registrant’s telephone number, including area code: (337) 237-0410

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

[

]

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[

]

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[   ]

     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[   ]

     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 


 

 

Item 7.01.

Regulation FD Disclosure.

 

On March 17, 2005, we issued a press release announcing the results of our participation in the Outer Continental Shelf Sale 194 held by the Minerals Management Service. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 7.01.

 

In accordance with General Instruction B.2 of Form 8-K, the foregoing information, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall such information and Exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

Item 9.01. Financial Statements and Exhibits.

 

(c) Exhibits

 

                

99.1

Press release dated March 17, 2005, “Stone Energy Corporation Announces Apparent High Bid on Eight Gulf of Mexico Blocks; Two in the Deepwater.”

 

 

 

 

 

-2-

 


 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, Stone Energy Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

STONE ENERGY CORPORATION

 

 

Date: March 18, 2005

 

By:

/s/James H. Prince

 

 

 

 

 

 

 

 

James H. Prince

Executive Vice President and

Chief Financial Officer

 

 

 

 

 

 

 

 

-3-

 


 

 

EXHIBIT INDEX

 

Exhibit Number

Description

 

 

99.1

Press release dated March 17, 2005, “Stone Energy Corporation Announces Apparent High Bid on Eight Gulf of Mexico Blocks; Two in the Deepwater.”

 

 

 

 

 

-4-

 


 EX-99 2 f8kleasesaleex99-1.htm EXHIBIT 99.1 - PRESS RELEASE Exhibit 99.1

 

 

Exhibit 99.1

 

STONE ENERGY CORPORATION

 

Announces Apparent High Bid on Eight Gulf of Mexico Blocks; Two in the Deepwater

 

LAFAYETTE, LA. March 17, 2005

 

Stone Energy Corporation (NYSE: SGY) today announced the results of its participation in the Outer Continental Shelf Sale 194 held by the Minerals Management Service (MMS) in New Orleans covering available blocks in the central and eastern Gulf of Mexico. The Company submitted the apparent high bid (AHB) on eight of thirteen blocks. The AHBs are subject to a review process by the MMS before they can be awarded, which can take up to 90 days.

 

The lease bonuses for the eight AHBs totaled approximately $10 million. Stone would acquire a 100% working interest on six of the blocks and a 25% non-operating working interest on the remaining two blocks, which were the subject of joint bids. Two of the leases with 100% working interests are in deepwater. Subject to the MMS’s review process, the lease acquisitions will add approximately 38,500 gross acres and 33,000 net acres to Stone’s inventory. The AHB on each block is indicated below:

 

Block

 

AHB

 

SGY WI%

 

SGY Share

 

 

 

 

 

 

 

 

 

 

East Cameron Block 60

 

$ 2,605,000

 

100%

 

$2,605,000

Green Canyon Block 294*

 

518,400

 

100%

 

518,400

Mississippi Canyon Block 207*

 

506,880

 

100%

 

506,880

Main Pass Block 291

 

141,385

 

100%

 

141,385

South Marsh Island Block 177

 

212,750

 

100%

 

212,750

West Delta Block 134

 

149,999

 

100%

 

149,999

West Cameron Block 114

 

2,122,216

 

25%

 

530,554

West Cameron Block 132

 

21,157,755

 

25%

 

5,289,439

 

 

 

 

 

 

 

 

 

 

 

 

$9,954,407

 

 

 

 

 

 

* Indicates deepwater block.

 

 

 

 

 

 

 

“Once again, we believe our participation in the lease sale was a success,” stated David H. Welch, President and Chief Executive Officer. “The new leases provide additional opportunities in our three Gulf of Mexico operating arenas – Shelf, Deep Shelf and Deepwater.”

 

Stone Energy is an independent oil and gas company headquartered in Lafayette, Louisiana, and is engaged in the acquisition and subsequent exploitation, development and operation of oil and gas properties located in the conventional shelf of the Gulf of Mexico (GOM), deep shelf of the GOM, deep water of the GOM and Rocky Mountains. For additional information, please contact James H. Prince, Executive Vice President and Chief Financial Officer, at 337-237-0410-phone, 337-237-0426-fax or via e-mail at princejh@StoneEnergy.com.

 

Certain statements in this press release are forward-looking, and are based upon Stone Energy's current belief as to the outcome and timing of future events. All statements, other than statements of historical fact, that address activities that Stone Energy plans, expects, believes, projects, estimates or anticipates will, should or may occur in the future, including future production of oil and gas, future capital expenditures and drilling of wells and future financial or operating results, are forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein include the timing and extent of changes in commodity prices for oil and gas, operating risks and other risk factors as described in Stone Energy's Annual Report on Form 10-K as filed with the Securities and Exchange Commission. Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, Stone Energy's actual results and plans could differ materially from those expressed in the forward-looking statements.

 

 

 

 

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