Remington Announces Approval, Adoption of Merger Agreement

Remington Oil and Gas Corp. said that at a special meeting of stockholders Thursday the merger agreement between it and a wholly owned subsidiary of Helix Energy Solutions Group, Inc. was approved and adopted. The merger is anticipated to be effective as of July 1, 2006. Friday, June 30, 2006, will be the last day for trading in Remington stock.

Remington Oil and Gas Corp. is an independent oil and gas exploration and production company headquartered in Dallas, with operations concentrating in the onshore and offshore regions of the Gulf Coast.

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