Conversion of Torch's Midnight Express Delayed Due to Storms

Torch Offshore reports that the Midnight Express, the Company's 520-foot long DP-2 deepwater pipelay vessel, has not suffered any damage from the recent hurricanes that have made landfall on the southeastern U.S. coast. The vessel, which is currently at Bender Shipyard in Mobile, Alabama, has had to evacuate from port twice since arriving in the U.S. in mid-August 2004 due to the weather complications brought about by Hurricane Frances and Hurricane Ivan in the Gulf of Mexico. During these two storms, the vessel has traveled westward into the Gulf of Mexico off the Texas coast where the seas were calmer due to distance from these storms. For each evacuation, the Midnight Express was away from port for approximately one week.

Due to the evacuations caused by these hurricanes, the vessel is now scheduled to complete all conversion procedures in mid-October 2004 before commencing sea trials for the pipelay system. The sea trials will take place in the Gulf of Mexico and are expected to last approximately one week. This projected timing should put the vessel into the Company's active fleet towards the end of October 2004.

Lyle G. Stockstill, Torch Offshore, Inc. Chairman and Chief Executive Officer, commented, "We are very aware of the dangers of keeping a vessel in port during a major storm, so we took no chances with the Midnight Express during the recent weather. As for the conversion, we are in the final stages with only minimal tasks remaining before completion, at which point sea trials will commence."

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