January 25, 2007 – Metairie, LA – Biloxi Marsh Lands Corporation, (Pinksheets: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 it’s 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.
Contact:
Biloxi Marsh Lands Corporation
Colleen Starks, 504-837-4337
www.biloximarshlandscorp.com