Biloxi Marsh Lands Corporation Announces Plans to Participate in NAPE Expo Scheduled for February 1st and 2nd in Houston, Texas
January 25 2007 - 10:15AM
Business Wire
Biloxi Marsh Lands Corporation, (Pink Sheets:BLMC) with its
subsidiary B & L Exploration, LLC (BLX), will present its
acreage position showing deep regional Tuscaloosa exploration
opportunities developed over the past year and a half using
existing geological well control and 3D seismic data. We also plan
to display several shallow prospects targeting the Tex W, Big Hum,
and Cris I sand intervals also developed using 3D seismic data.
This is the second year that BLMC has manned a booth during the
NAPE Expo. We encourage all interested parties to visit our booth
number 1242. A portion of the material displayed will be available
to interested parties approximately two weeks after the NAPE Expo
by submitting a request in writing via U.S. Mail to the company.
�While we are hopeful that our participation in NAPE will lead to
increased interest in the acreage we control, it is just a small
portion of our ongoing marketing efforts and demonstrates the
implementation of our strategy of using the assets at our disposal
in an effort to obtain revenue interests in newly drilled wells. We
are releasing this information to make interested parties aware of
a forum during which they may obtain technical information that
will not be available at any other time. As of this time, we can
not forecast the success or failure of our marketing efforts,�
commented William B. Rudolf, President & CEO. On December 15,
2006 we released that BLX has developed and placed with the Manti
Group five (5) drilling prospects located in St. Bernard Parish,
Louisiana targeting natural gas either in the Tex W, Big Hum or
Cris I sand intervals. The Manti Group is obligated to drill at
least three of the five prospects and hopes to spud the first well
located on BLMC's property by February 15, 2007. Due to drilling
rig availability the targeted date for spudding the first well has
been delayed until late March, 2007 from February 15, 2007. Biloxi
Marsh Lands Corporation owns approximately 90,000 acres of marsh
lands located in St. Bernard Parish, Louisiana. As the landowner,
it derives the vast majority of its revenue from oil and gas
exploration and production activities that take place on or near
the company's land. Through the establishment of its recently
formed subsidiary B & L Exploration (BLX) the company hopes to
broaden its horizon for success. The company also derives minimal
revenues from surface rentals. Please refer to our website,
www.biloximarshlandscorp.com, for investor information and
historical press releases. This news release contains
forward-looking statements regarding oil and gas discoveries, oil
and gas exploration, development and production activities and
reserves. Accuracy of the forward-looking statements depends on
assumptions about events that change over time and is thus
susceptible to periodic change based on actual experience and new
developments. The Company cautions readers that it assumes no
obligation to update or publicly release any revisions to the
forward-looking statements in this report. Important factors that
might cause future results to differ from these forward-looking
statements include: variations in the market prices of oil and
natural gas; drilling results; unanticipated fluctuations in flow
rates of producing wells; oil and natural gas reserves
expectations; the ability to satisfy future cash obligations and
environmental costs; and general exploration and development risks
and hazards. Readers are cautioned not to place undue reliance on
forward-looking statements made by or on behalf of the Company.
Each such statement speaks only as of the day it was made. The
factors described above cannot be controlled by the Company. When
used in this report, the words "believes", "estimates", "plans",
"expects", "should", "hopeful", "outlook", and "anticipates" and
similar expressions as they relate to the Company or its management
are intended to identify forward-looking statements.
Biloxi Marsh Lands (CE) (USOTC:BLMC)
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