DALLAS, Sept. 8 /PRNewswire-FirstCall/ -- Remington Oil and Gas Corporation (NYSE:REM) announced today that James A. Watt, Chairman and CEO, and Robert P. Murphy, President and COO, are scheduled to make an investors presentation Thursday, September 8, 2005 at the Lehman Brothers CEO Energy/Power Conference at 1:25 PM CDT (2:25 PM EDT). In the presentation, management will update investors on current and future drilling and production operations discussed below in this press release. Drilling Program Listed below are wells recently drilled, currently drilling or completing, along with wells that are scheduled to be drilled in the near term. Prospect Category W.I.% Status/Spud Date Operator Offshore West Cameron 444 #2st1 Exploratory 100 Apparent Discovery Remington -Setting Pipe East Cameron 185 C-3 Exploratory 100 Producing Remington East Cameron 298 #1 Exploratory 100 Discovery-Awaiting Remington Platform East Cameron 346 A-15 Exploratory 75 Drilling @ 8,300' Remington Vermilion 61 B-3 Exploratory 100 September Spud Remington Eugene Island 391 #1 Exploratory 60 September Spud Remington Ship Shoal 250 #1 Exploratory 60 September Spud Remington South Pass 87 Aquarius Exploratory 50 Repairing Rig Marathon -Storm Damage Production Update The Company estimates 65 percent of its pre-storm production has been restored. The Company expects production to resume at its largest producing field, East Cameron 346, next week following a two week shut down due to a facility upgrade and Hurricane Katrina. At the Company's non-operated South Pass 89 Complex, damage to three production platforms varies from minor to severe. Estimates for production restoration at this complex range from weeks to months. This field, prior to the storm, represented approximately 5 percent of our daily production. 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 Corporation, +1-214-210-2675 Web site: http://www.remoil.net/

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