Omega Protein Announces Receipt of USD18.7 Million

October 21, 2010 15:44

Omega Protein Corporation, the nation's leading producer of Omega-3 fish oil and specialty fish meal products, today announced that it has to date received a total of USD18.7 million in payments, net of fees, from the Gulf Coast Claims Facility. The GCCF is administering funds paid by BP in connection with reimbursements for claims caused by the Deepwater Horizon disaster, reports with reference to Omega Protein.

The GCCF payments represent partial reimbursement for damages to the Company caused by the Deepwater Horizon disaster. The Company did not waive any claims or defenses against BP, the GCCF or any of the Deepwater Horizon defendants by accepting the payments. The Company expects to receive additional funds from the GCCF, but it is unable to predict the amount of such funds, or when such funds might be received.

About Omega Protein
Omega Protein Corporation is the nation's largest manufacturer of heart-healthy fish oils containing Omega-3 fatty acids for human consumption, as well as specialty fish meals and fish oil used as value-added ingredients in aquaculture, swine and other livestock feeds. Omega Protein makes its products from menhaden, an Omega-3 rich fish that is not utilized as seafood, but which is abundantly available along the U.S. Gulf of Mexico and Atlantic Coasts.

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