1051431--3/15/2007--HORIZON_OFFSHORE_INC

related topics
{operation, natural, condition}
{debt, indebtedness, cash}
{personnel, key, retain}
{loss, insurance, financial}
{gas, price, oil}
{regulation, change, law}
{competitive, industry, competition}
{cost, contract, operation}
{capital, credit, financial}
{cost, regulation, environmental}
{operation, international, foreign}
Oil and gas prices are volatile and price declines may affect us We operate in a highly competitive industry Operating hazards may increase our operating costs and we have limited insurance coverage Our international operations are subject to significant risks We require highly skilled personnel Our operations may be adversely impacted by extreme weather conditions The seasonality of the marine construction industry may adversely affect our operations We incur risks associated with contract bidding and the performance of extra work outside the original scope of work We depend on continued strong relationships with our significant customers operating in the Gulf of Mexico Estimates and assumptions that we use to prepare our financial statements could differ materially from actual future results We are dependent on key personnel We may incur significant expenditures to comply with governmental regulations Our international operations subject us to the U.S. Foreign Corrupt Practices Act (FCPA) and our failure to comply with the laws and regulations thereunder could subject us to criminal and civil penalties Our ability to finance our debt obligations and capital requirements depends on sufficient cash flow from our operations Our debt instruments contain covenants that may limit our operating and financial flexibility Our ability to obtain performance bonds and letters of credit required to secure our performance under contracts may affect our ability to bid and obtain contract awards

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