DALLAS, Sept. 1 /PRNewswire-FirstCall/ -- Remington Oil and Gas Corporation (NYSE:REM) today announced that preliminary inspections of all operated offshore facilities and drilling rigs have been completed. The Company safely evacuated all personnel from its three operated offshore rigs and manned platforms Saturday, August 27, 2005. Most of the Company's offshore production was also shut in on August 27th. None of the Company's producing facilities or rigs in the area west of the Mississippi River appear to have sustained significant damage. Drilling operations on the three rigs have resumed. Production will be restored as inspections of third party pipelines are completed, and oil and gas are allowed to flow into the lines. Exact timing of this production restoration cannot be predicted at this time. At the South Pass 89 Field, where the Company has interests in three non- operated platforms, the production facilities appear to have sustained varying degrees of damage. Production start-up will be delayed pending the repairs. Prior to the hurricane, the South Pass 89 Complex represented approximately 5% of our daily production. Remington has a 50% working interest in the South Pass 87 #6 well (Aquarius Prospect) that was drilling toward a proposed total depth of 23,000 feet prior to the hurricane. Initial reports from the location are the rig sustained minimal damage to handrails and grating. The operator is currently resuming operations to re-enter the wellbore. Remington will update its 3rd and 4th quarter production guidance as soon as it can more fully evaluate the final impact of the storm. 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, production volumes, results of exploration, exploitation, development, acquisition and operations expenditures, and prospective reserve levels of prospects or wells are forward-looking statements. Prospect size and reserve levels are often referred to as "potential" or "un-risked" reserves and are based on the Company's internal estimates from the volumetric calculations or analogous production. Other forward-looking statements are based on assumptions concerning commodity prices, drilling results, recovery factors for wells, production rates, and operating, 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, mechanical, political, environmental, and geologic risks. There is no assurance that these goals, projections, costs, expenses, reserve levels, and production volumes can or will be met. Further information is available in the Company's filings with the Securities and Exchange Commission, which are herein incorporated by this reference. Information in this document should be reviewed in combination with the Company's filings with the Securities and Exchange Commission and information available on the Company's website at http://www.remoil.net/. DATASOURCE: Remington Oil and Gas Corporation CONTACT: Steven J. Craig, Sr. Vice President of Remington Oil and Gas, +1-214-210-2675 Web site: http://www.remoil.net/

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