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Warren's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Warren Resources, Inc. (WRES)

Q1 2012 Earnings Call

May 1, 2012; 10:00 am ET

Executives

Norman Swanton - Chairman, President & Chief Executive Officer

Steve Heiter - Executive Vice President; Chief Executive Officer of Warren E&P, Inc

Ron Morin - Senior Vice President of Development; Executive Vice President of Warren E&P Inc.

Tim Larkin - Executive Vice President & Chief Financial Officer

Analysts

Ray Deacon - Brean Murray

Phil McPherson - Global Hunter Securities

Jack Aydin - Keybanc Capital Markets

Brad Heffern - RBC Capital Markets

Presentation

Operator

Good day ladies and gentlemen and welcome to the first quarter 2012, Warren Resources earnings call. My name is Caressa and I will be your operator for today. At this time all participants are in a listen-only mode. Later we will conduct a question-and-answer session. (Operator Instructions)

I will now turn the conference over to your host for today call, Mr. Norman Swanton, Chairman, CEO of Warren Resources. Please proceed.

Norman Swanton

Thank you. Good morning everyone. Thank you for joining us for Warren Resources first quarter 2012 financial and operating results conference call.

We are conducting the conference call this morning from our Long Beach Office in California. With me is Steve Heiter, our CEO of our Principal Subsidiary, Warren E&P; Ron Morin, our Senior Vice President responsible for our development; and Tim Larkin, our Executive Vice President and CFO is joining us from our New York City office.

Before I turn the microphone over to Tim to cover the financial results and Steve to discuss our oil and gas operations, I would like to briefly comment on our performance for the first quarter of 2012 and the future direction of the company as follows.

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