1031623--3/16/2007--GULF_ISLAND_FABRICATION

related topics

{personnel, key, retain}

{cost, contract, operation}

{tax, income, asset}

{gas, price, oil}

{loss, insurance, financial}

{operation, natural, condition}

{competitive, industry, competition}

{cost, regulation, environmental}

{acquisition, growth, future}

{customer, product, revenue}

We are vulnerable to the potential difficulties associated with our recent expansion. We are subject to the cyclical nature of the oil and gas industry. We might be unable to employ a sufficient number of skilled workers. Our backlog is subject to change. The dangers inherent in our operations and the limits on insurance coverage could expose us to potentially significant liability costs and materially interfere with the performance of our operations. Our industry is highly competitive. Pricing structures common in the marine construction industry may not provide sufficient protection from cost overruns. Our method of accounting for revenue could result in an earnings charge. We are susceptible to adverse weather conditions in the Gulf of Mexico. We depend on key personnel. We depend on significant customers. The nature of our industry subjects us to compliance with regulatory and environmental laws.

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1031623--3/16/2007--GULF_ISLAND_FABRICATION_INC