Blue Dolphin Energy Reports Expected Receipt of Net Revenues Friday September 2, 5:24 pm ET
HOUSTON, Sept. 2 /PRNewswire-FirstCall/ -- On September 2, 2005, Blue Dolphin Energy Company (Nasdaq: BDCO - News), a Delaware corporation ("Blue Dolphin"), reported that it expects to receive a payment of approximately $1.3 million, subject to certain adjustments, for estimated past production from a reversionary after-payout interest in High Island Block 37. Payout occurred on or about July 1, 2004.
Currently, there are two wells producing in the High Island Block 37 field.
Blue Dolphin Energy Company is engaged in the gathering and transportation of natural gas and condensate. Questions should be directed to Gregory W. Starks, Treasurer, at the Company's offices in Houston, Texas, 713-227-7660
Cash is King until further notice!!!
My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.
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