04-20-2006

Carlyle/Riverstone to Invest $250 Million in Phoenix Exploration Company
A New Oil and Gas Company focused on Exploration and Acquisitions in the Gulf Coast and Gulf of Mexico Shelf Regions

The Phoenix of Egyptian mythology, symbolizing high virtue, power, and prosperity, was consumed by fire and eternally rose anew from its ashes. It is fitting then that the founding principals of Phoenix Exploration Company each rose to success in the energy industry; joined initially at Gryphon Exploration Company, and reassembled at Phoenix Exploration, accelerated by a focused mission, significant intellectual capital, and unwavering values.
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