Blue Dolphin Energy Company, (BDCO) through its subsidiaries, engages in the exploration, acquisition, development, and operation of oil and gas properties, as well as in the provision of pipeline transportation and related services for producer/shippers in the United States. It primarily focuses its oil and gas activities in the western Gulf of Mexico, off the coast of Texas. The company owns interests in High Island Block 37, which is located 15 miles south of Sabine Pass, offshore Texas that covers approximately 5,760 acres; High Island Block A-7 that is located 33 miles southeast of Boliver Peninsula, offshore Texas and covers approximately 5,760 acres. It also owns interest in West Cameron Area Block 212 prospect. As of December 31, 2005, the company had net proved and developed reserves of approximately 0.9 thousand barrels of oil; and net proved and developed reserves of approximately 341 million cubic feet of gas.
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