Benton Oil and Gas Company Schedules Conference Call for Second Quarter Results

Benton Oil and Gas Company Schedules Conference Call for Second Quarter Results

Business Editors

HOUSTON–(BUSINESS WIRE)–Aug. 1, 2001

Benton Oil and Gas Company (NYSE:BNO) will release its 2001 second quarter operational and financial results on Wednesday, August 8, 2001. The full text of the press release will be available on the Company’s internet site at www.bentonoil.com and Business Wire at www.businesswire.com as well as other electronic business news services.

The Company will hold a conference call at 2:00 PM Central Daylight Time on Thursday, August 9, 2001, during which management will discuss 2001 second quarter results.

The conference call can be accessed at (719) 457-2679 five to ten minutes prior to the start of the call using access code 486704. A recording of the conference call will also be available for replay until August 8, 2001, at (719) 457-0820 using the access code 486704.

The conference call will also be transmitted over the internet through our website www.bentonoil.com. To listen to the call live, enter the website fifteen minutes before the call to register, download and install any necessary audio software. For those who cannot listen to the live broadcast, a replay will be available beginning shortly after the call and remain on the website until September 9, 2001.

Benton Oil and Gas Company, headquartered in Houston, Texas, is an independent oil and gas exploration and development company with principal operations in Venezuela and Russia.

This press release may contain “Forward-Looking Statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this release may constitute forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from the Company’s expectations due to changes in operating performance, project schedules, oil and gas demands and prices, and other technical and economic factors

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