El Paso Corporation Alerts Investors to Petrobras Press Release
HOUSTON, May 10 /PRNewswire-FirstCall/ — El Paso Corporation noted today that Petrobras issued a press release on May 9, 2007 providing its update on a well in which El Paso has an interest. Through its Brazilian E&P subsidiary, El Paso has a 35-percent working interest in the Petrobras- operated 6-ESS-168 well in the Espirito Santo basin, offshore Brazil (Bia Prospect). Petrobras’ release is available on its web site at http://www2.petrobras.com.br/ingles/index.asp . El Paso is informing its investors of the Petrobras press release for advisory purposes only. El Paso will not independently comment on this well at this time in accordance with its policy of not commenting on wells until they are drilled to total depth and evaluated.
El Paso Corporation provides natural gas and related energy products in a safe, efficient, and dependable manner. The company owns North America’s largest natural gas pipeline system and one of North America’s largest independent natural gas producers. For more information, visit http://www.elpaso.com/ .
Cautionary Statement Regarding Forward-Looking Statements
This release includes forward-looking statements and projections, made in reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The company has made every reasonable effort to ensure that the information and assumptions on which these statements and projections are based are current, reasonable, and complete. However, a variety of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in the release of Petrobras, including, without limitation, the results after drilling the well to total depth; drilling and operational risks; changes in commodity prices for oil and natural gas; general economic and weather conditions in geographic regions or markets served by the company and its affiliates, or where operations of the company and its affiliates are located; the uncertainties associated with governmental regulation; competition; and other factors described in the company’s (and its affiliates’) Securities and Exchange Commission filings. While the company makes these statements and projections in good faith, neither the company nor its management can guarantee that anticipated future results will be achieved. Reference must be made to the company’s (and its affiliates’) SEC filings for additional important factors that may affect actual results. The company assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by the company, whether as a result of new information, future events, or otherwise.
El Paso Corporation
CONTACT: investor and public relations, Bruce L. Connery, VicePresident, +1-713-420-5855, or fax, +1-713-420-4417, or media relations,Richard Wheatley, Manager, +1-713-420-6828, or fax, +1-713-420-4417, both ofEl Paso Corporation
Web site: http://www.elpaso.com/http://www2.petrobras.com.br/ingles/index.asp