1031623--3/8/2010--GULF_ISLAND_FABRICATION

related topics

{loss, insurance, financial}

{personnel, key, retain}

{cost, contract, operation}

{interest, director, officer}

{gas, price, oil}

{tax, income, asset}

{competitive, industry, competition}

{cost, regulation, environmental}

{condition, economic, financial}

{customer, product, revenue}

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. Competitive pricing 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 our market areas. We depend on key personnel. We depend on significant customers. The nature of our industry subjects us to compliance with regulatory and environmental laws. We have no guarantee that our limited overriding royalty interest will be sufficient to fund the remaining balance owed to us on the MinDOC project. We may not collect all or part of $5.9 million currently receivable from our insurance provider in connection with a crane accident.

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1031623--3/8/2010--GULF_ISLAND_FABRICATION_INC