|
January 8, 2004
On January 7, 2004, a subsidiary of Edison Mission Energy (EME) sold 100% of the stock of Edison Mission Energy Oil & Gas, which in turn holds interests in Four Star Oil & Gas Company, to Medicine Bow Energy Corporation. Four Star Oil & Gas owns oil and gas reserves in the San Juan Basin, the Hugoton Basin, the Permian Basin and offshore Gulf Coast and Alabama. Proceeds from the sale were approximately $100 million. EME expects to record a pre-tax gain on the sale of this oil and gas investment of approximately $44 million during the first quarter of 2004.
This newsletter includes forward-looking statements. EME has based these forward-looking statements on its current expectations and projections about future events based upon knowledge of facts as of the date of this newsletter and its assumptions about future events. These forward-looking statements are subject to various risks and uncertainties that may be outside EME’s control. EME has no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This newsletter should be read in conjunction with EME’s 2002 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q for the first three quarters of 2003.
EME Subsidiary Sells Interest in Four Star Oil & Gas
BACK to IR News/Earnings Releases
|
