Remington Oil and Gas Corporation's Registration Statement Effective on April 9, 2001

Apr 10, 2001, 01:00 ET from Remington Oil and Gas Corporation

    DALLAS, April 10 /PRNewswire/ -- Remington Oil and Gas Corporation
 (Nasdaq: ROIL; PCX: REM.P) announced the Securities and Exchange Commission
 has declared Remington's Registration Statement for $110 million in common
 stock effective as of April 9, 2001.
     Remington has outstanding approximately $6 million in 8 1/4% convertible
 notes maturing on December 1, 2002.  Interest is paid on June 1 and December 1
 to registered holders as of the close of business on May 15 and November 15,
 respectively.  At the noteholders option, the principal amount of the notes
 may be converted into Remington Oil and Gas common stock at a conversion price
 of $11.00 per share of Remington Oil and Gas common stock.  Noteholders may
 contact U.S. Trust Company at (800) 548-6565 or their broker to consummate a
 conversion.  No payment of interest will be made upon conversion of these
 notes.
     James A. Watt, President and Chief Executive Officer stated, "We are
 pleased to offer our noteholders the opportunity to become shareholders.  The
 remainder of this offering, apart from the warrants, will only be utilized for
 opportunities management determines would be accretive for our shareholders."
 
     Remington Oil and Gas Corporation is an independent oil and gas
 exploration and production company headquartered in Dallas, Texas, with
 operations concentrating in the onshore and offshore regions of the Gulf
 Coast.
 
     Statements concerning future revenues and expenses, results of
 exploration, exploitation, development and acquisition expenditures, and
 reserve levels are forward-looking statements.  These statements are based on
 assumptions concerning commodity prices, drilling results and production,
 administrative and interest costs that management believes are reasonable
 based on currently available information; however, management's assumptions
 and the Company's future performance are subject to a wide range of business
 risks, and there is no assurance that these goals and projections can or will
 be met.  Further information is available in the Company's filings with the
 Securities and Exchange Commission, which are incorporated by this reference.
 
 

SOURCE Remington Oil and Gas Corporation
    DALLAS, April 10 /PRNewswire/ -- Remington Oil and Gas Corporation
 (Nasdaq: ROIL; PCX: REM.P) announced the Securities and Exchange Commission
 has declared Remington's Registration Statement for $110 million in common
 stock effective as of April 9, 2001.
     Remington has outstanding approximately $6 million in 8 1/4% convertible
 notes maturing on December 1, 2002.  Interest is paid on June 1 and December 1
 to registered holders as of the close of business on May 15 and November 15,
 respectively.  At the noteholders option, the principal amount of the notes
 may be converted into Remington Oil and Gas common stock at a conversion price
 of $11.00 per share of Remington Oil and Gas common stock.  Noteholders may
 contact U.S. Trust Company at (800) 548-6565 or their broker to consummate a
 conversion.  No payment of interest will be made upon conversion of these
 notes.
     James A. Watt, President and Chief Executive Officer stated, "We are
 pleased to offer our noteholders the opportunity to become shareholders.  The
 remainder of this offering, apart from the warrants, will only be utilized for
 opportunities management determines would be accretive for our shareholders."
 
     Remington Oil and Gas Corporation is an independent oil and gas
 exploration and production company headquartered in Dallas, Texas, with
 operations concentrating in the onshore and offshore regions of the Gulf
 Coast.
 
     Statements concerning future revenues and expenses, results of
 exploration, exploitation, development and acquisition expenditures, and
 reserve levels are forward-looking statements.  These statements are based on
 assumptions concerning commodity prices, drilling results and production,
 administrative and interest costs that management believes are reasonable
 based on currently available information; however, management's assumptions
 and the Company's future performance are subject to a wide range of business
 risks, and there is no assurance that these goals and projections can or will
 be met.  Further information is available in the Company's filings with the
 Securities and Exchange Commission, which are incorporated by this reference.
 
 SOURCE  Remington Oil and Gas Corporation