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Share Name | Share Symbol | Market | Type |
---|---|---|---|
BluMetric Environmental Inc | TSXV:BLM | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.40 | 0.41 | 0.455 | 0 | 15:04:20 |
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. BLACK MARLIN ENERGY HOLDINGS LIMITED (the "Corporation") (TSX VENTURE:BLM) is pleased to announce that Black Marlin Energy Ltd., a subsidiary of the Corporation, East Africa Exploration, a subsidiary of the Corporation and the Operator, and the majority partner of the Kenya offshore concessions L17 and L18, have commenced mobilization of their shallow water seismic shoot. The 2D seismic project of 400 line kilometers over previously identified leads, will take approximately 5 weeks to complete. The survey will utilize purpose built shallow water vessels that will allow for acquisition to be completed in water depths as shallow as 2m. Data processing will be conducted on location to accelerate evaluation and consequently enable program extension if warranted. The new acquisition is designed to further substantiate potential drilling targets in the Mombasa East and Wasini Leads. Mombasa is Kenya's second largest city and a ready market for any hydrocarbons produced in the vicinity. Also with immediate effect, the board of directors is pleased to announce the appointment of Barrington P. Rogers as Chief Operating Officer of the Corporation. Barry has over 35 years of experience, predominantly with British Petroleum and Enterprise Oil but also more recently with Perenco and Madagascar Oil. For the last three years, Barry has fulfilled the role of Exploration Director within the Black Marlin group and has been instrumental in assembling the Corporation's superb exploration portfolio. Having completed the transition to a public company listed on the TSX Venture Exchange, the Corporation is embarking on a period of intense exploration activity which it anticipates will result in a significant increase in shareholder value. This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
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