Biloxi Marsh Lands Corporation Announces Plans to Repurchase Common Stock
October 01 2008 - 12:43PM
Business Wire
During its meeting held on Friday, September 26, 2008 the Board of
Directors of Biloxi Marsh Lands Corporation (PINK SHEETS:BLMC)
authorized the purchase of up to 27,500 shares of its outstanding
common stock. The purchases will be made from time to time on the
open market at the sole discretion of the Company. All shares
purchased will be held as Treasury stock. Biloxi Marsh Lands
Corporation owns approximately 90,000 acres of marsh lands located
in St. Bernard Parish, Louisiana. As the landowner, it derives
revenues from oil and gas exploration and production activities
that take place on or near the company�s land. The company also
derives revenues from its 75% ownership interest in B&L
Exploration, LLC and minimal revenues from surface rentals. The
Company maintains a website; www.biloximarshlandscorp.com and
strongly recommends that all investors and interested parties visit
the website to view historical press releases, historical financial
statements and general information. 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.
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