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Blue Dolphin Energy Company's Chairman Ivar Siem Talks to The Wall Street Transcript.


Business Editors

NEW YORK--(BUSINESS WIRE)--May 4, 2001

The Wall Street Transcript A generic term for any kind of copy, particularly an official or certified representation of the record of what took place in a court during a trial or other legal proceeding.

A transcript of record
 has published an in-depth in-depth
adj.
Detailed; thorough: an in-depth study.


in-depth
Adjective

detailed or thorough: an in-depth analysis

 interview with Ivar Siem, Chairman of Blue Dolphin Blue Dolphin may refer to:
  • A cocktail mixed with Rum, Blue Curaçao, Vodka, lemonade, and soda
  • A cocktail mixed with Vermouth, Blue Curaçao, Grenadine, and lemonade
  • A glass of water on ice with a straw
  • A holiday park in Filey, North Yorkshire
 Energy Company (Nasdaq:BDCO), in which he talks at length about the company's future.

The entire 2,200-word interview is available online at http://www.twst.com/info/info336.htm

Siem gives an overview of the company. "Over the last few years, we have gradually added new assets to the company. Today, we have exploration, production and gathering activities on the shelf in the western and central 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
. We have an exploration program where the objective is to find and develop drilling prospects, get them leased, and ultimately find oil and gas. We also own 77% of American Resources Offshore, an exploration and production company which primarily has shallow water See:
  • Shallow water blackout
  • Waves and shallow water
  • Shallow water equations
  • Shallow Water, Kansas
 gas reserves in the Gulf of Mexico. We own operating interests in two active pipelines and one inactive in·ac·tive  
adj.
1. Not active or tending to be active.

2.
a. Not functioning or operating; out of use: inactive machinery.

b.
 pipeline in the Western Gulf offshore Texas. Furthermore, we are involved in four large development projects."

Siem explains, "We expect to grow the company partially through our exploration program and partially through selective acquisition in the areas where we are operating today on the E&P side. With our E&P expertise, we will selectively acquire gathering systems in areas where we see potential for increased exploration activity."

Looking forward, Siem states, "I'm excited about the future of our company. We recognize that our resources are limited and we have to be very careful in the way we approach our business. I think we have shown that discipline in the past. We are very encouraged with the progress on all our projects and believe we're well positioned to take advantage of the market trends."

This interview is part of a 155-page Energy Exploration & Production Issue available at http://www.twst.com/info/info336.htm or by calling 212/952-7433

The Wall Street Transcript does not endorse To sign a paper or document, thereby making it possible for the rights represented therein to pass to another individual. Also spelled indorse.


endorse (indorse) v.
 the views of any interviewees nor does it make stock recommendations. For subscription information call 800/246-7673.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:May 4, 2001
Words:338
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