BPK Resources, Inc. Announces Successful Bid on 2,400 Acres on the Louisiana Shelf in the Gulf of Mexico.Energy Editors/Business Editors HOUSTON--(BUSINESS WIRE)--March 17, 2003 BPK BPK Badan Pemeriksa Keuangan (Indonesia) BPK B-Cell Progenitor Kinase BPK Banking and Payment Authority of Kosova Resources, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : BPKR) (the "Company") today announced that Louisiana Shelf Partners, L.P., the Partnership in which the Company owns a 10% interest and which owns the Louisiana Shelf Project, was the successful bidder on three Lease Blocks offered in the Louisiana State Lease sale. The three Lease Blocks are located off-shore of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein. in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east , and are comprised of 600 acres in East Cameron Block 4, 1,171 acres in East Cameron Block 18 and 688 acres in East Cameron Block 22. These three Lease Blocks, when included with the previously acquired 1,130 acres in East Cameron Block 17, give Louisiana Shelf Partners, L.P. a total lease position of 3,590 acres. These Blocks were the most sought after acreage on the Louisiana Shelf. The Blocks are located in a field, which had been previously drilled by Shell Oil Company. The process of obtaining drilling permits for Blocks 4 and 17 was previously initiated. Drilling contracts should be finalized See finalization. within the next two weeks and a spud date of April 15, 2003 is projected with total drill depth on the first well expected to be reached by the end of May. Further information regarding the project and results of the on-going drilling program will be announced in the near future. About the Company: BPK Resources, Inc., based in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the , is a new breed of independent oil and gas company engaged in acquiring, exploring and developing natural gas and oil properties. The Company is using a strategy that targets high potential assets by leveraging its relationships and by seeking out partners on a project-by-project basis that are experts in the specific area being targeted. This strategy is exposing its shareholders to projects with world class potential, managed by some of the industry's most talented people. This strategy is intended to allow the Company to generate significant shareholder value, cost effectively, while reducing certain risks traditionally inherent in the oil and gas industry. In just under a year of oil and gas operations, the Company has executed its strategy and has positioned itself in three North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and one International project of world-class potential, operated by some of the leaders and most dynamic names in the oil and gas industry. The Company has partnered with Amerada Hess, Tom Brown, Inc., Oscar Wyatt Oscar S. Wyatt, Jr. (born 1924) is an American energy executive who pled guilty to a scheme to provide kickbacks to Saddam Hussein's Iraq in exchange for oil contracts under the United Nations Oil-for-Food Programme, [1] [2] , TMBR/SHARP and NuCoastal Corporation. This release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding potential future events and developments affecting the business of the Company. These forward-looking statements involve known and unknown risks, uncertainties or other factors not under the Company's control which may cause actual results, performance or achievements of the company to be materially different from the future results, performance, achievements or other expectations expressed or implied by these forward-looking statements To find out more about BPK Resources, Inc., visit the Company's website at www.bpkresources.com |
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