Offshore Logistics Confirms Flight Accident

Offshore Logistics, Inc. regretfully reports an accident on August 18, 2005 that claimed the lives of two Air Logistics employees in the U.S. Gulf of Mexico. The aircraft, a single engine Bell helicopter, reportedly departed one production platform and was planning to land at a nearby platform when the accident occurred. The families of the employees involved have been notified and the Company is responding to the tragedy. In addition, the Company has notified the appropriate regulatory authorities, including the National Transportation Safety Board.