Corporation (NYSE: SGY) has filed its 2005 Form 10-K and
third quarter Form 10-Q with the Securities and Exchange Commission.
Coincident with these filings, Stone has cured the deficiency referenced in
the Notice of non-compliance from the holders of its 6.75% Senior Subordinated
Notes Due 2014 received on February 15, 2006. Additionally, these filings
allow Stone access to the borrowing base under its Credit Agreement previously
suspended because of the Notice of non-compliance from the Note holders.
Stone Energy is an independent oil and gas company headquartered in
Lafayette, Louisiana, and is engaged in the acquisition and subsequent
exploitation, development, operation and production of oil and gas properties
located in the conventional shelf of the Gulf of Mexico (GOM), the deep shelf
of the GOM, the deep water of the GOM, several basins of the Rocky Mountains,
and the Williston Basin.