Biloxi Marsh Lands Corp. Provides Update Concerning BP’s Deepwater Horizon – Oil Spill & Impact to Its Property in St. Be...

Biloxi Marsh Lands Corporation (PINK SHEETS:BLMC)

What Happened

The Transocean’s Deepwater Horizon drilling rig explosion and fire on April 20, 2010, and resulting BP Oil Spill have caused environmental damage across the entire Gulf Coast. Biloxi Marsh Lands Corporation (BLMC) owns 90,000 acres of marshlands in St. Bernard Parish, LA, that are in the area of concern for the spill. As the spill became apparent, BLMC’s personnel immediately commenced patrolling operations to monitor for spill impacts to our property. BLMC continues to work with BP, State and local officials at the staging area in Hopedale, LA along with the Unified Command Center in Houma, LA.

Current Status

As of July 8, there is oil and/or tar balls on several locations of the Biloxi Marsh Lands Corporation (BLMC) property. In coordination with BP, State, Local and Federal officials, BLMC personnel are monitoring the property in via visual inspections during BP helicopter over-flights and land inspections via our patrol vessel. Difficult weather conditions and high tides over the last week have made inspections difficult to conduct. BLMC is working in conjunction with BP to monitor the entire Biloxi marsh complex. BLMC is currently receiving numerous updates (from Unified Command) regarding wildlife and wetlands impacted by the oil in our area. A large amount of boom is deployed throughout the area, with mixed results on containing the encroaching oil.

BLMC’s Lessee’s and B&L Exploration’s oil and gas operations in St. Bernard Parish are not being affected by the spill at this time.

Planned Actions

BLMC’s personnel will continue to monitor the property and assist the proper authorities as requested. Impacts are being accounted for and documented in order to protect BLMC as a landowner in the vicinity of the spill.

As reported earlier, core soil samples at various locations along BLMC’s property have been taken to establish a baseline data set, and tests are on these baseline samples have been completed.

Biloxi Marsh Lands (CE) (USOTC:BLMC)
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