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Bellwether Report.com is Tracking Blue Dolphin Energy Co.

Publication: M2 Presswire
Publication Date: 28-AUG-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-28 August 2006-bellwetherreport.com: Bellwether Report.com is Tracking Blue Dolphin Energy Co.(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:28082006

The Bellwether Report Takes Notice of Blue Dolphin Energy Co. (Nasdaq:BDCO)

Blue Dolphin Energy is trying to stay afloat in the waters of the Gulf of Mexico. Blue Dolphin Energy explores for and acquires, develops, and operates oil and gas properties in the Gulf of Mexico and along the Texas Gulf Coast. The company also owns offshore pipeline operations. Blue Dolphin Energy swam in choppy waters in 2003 and 2004, running up heavy debts in its exploration and production activities. Rising oil prices helped to improve its lot in 2005. It reported proved reserves of 900 barrels of oil and 341 million cu. ft. of natural gas that year.

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