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Gulf Island Fabrication, Inc.
GIFI, announced today that, through
its subsidiary Gulf Island L.L.C., it has received a Letter of Intent from
Walter Oil & Gas Corporation in anticipation of a contract for the fabrication
of a Jacket/Piles and Topsides for Walter's Megalodon project at South
Timbalier Block 311 in the Gulf of Mexico. Revenue backlog and man-hours
associated with this project will be reported in connection with the Company's
announcement of financial results for the quarter ended September 30, 2013.
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