Blue Dolphin Energy Company - BDCO- Profile

Blue Dolphin Energy Company. The Group's principal activity is to explore and produce oil and gas in the western and central Gulf of Mexico. It operates in three business segments: Oil and gas exploration and production, Pipeline operations and Other. The Oil and gas exploration and production activities include the exploration, acquisition, development, operation and disposition of oil and gas properties. Pipeline Operations depence upon the amounts of gas and condensate gathered and transported through the pipeline systems. The operations are carried out through its subsidiaries. The major customers include Hydro Gulf LLC and Fidelity Exploration and Production Company. Oil & gas exploration & production accounted for 70% of 2005 revenues and Pipeline Operations, 30%