BLMC Biloxi Marsh Lands Corporation (CE)

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 concerns across the entire Gulf Coast. Biloxi Marshlands Corporation owns 90,000 acres of marshlands in St. Bernard Parish, LA, that are in the area of concern for the spill and could potentially be impacted. As the spill became apparent BLMC’s personnel immediately commenced patrolling operations to monitor for spill impacts to our property. BLMC’s senior management first met in the field with BP, State and local officials on Friday, April 30th to assist in staging response assets and coordinating response efforts. We have also been in constant contact with the Unified Command Center.

Current Status

We continue to monitor the outer marshes of St. Bernard Parish for any signs of oil, and to date have not seen any impact on BLMC property. We have taken core soil samples at various locations along BLMC’s property to establish a baseline data set in the event of oil encroachment. As a large stakeholder in the area, BLMC’s personnel continue to work closely with BP, State and local authorities, to assist in assessment and response to the spill. Currently booms are deployed along parts of BLMC property with additional booms being deployed in the area.

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, if any, will be documented and accounted to protect BLMC as a landowner in the area of the spill.

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