Welcome to our dedicated page for Biloxi Marsh news (Ticker: BLMC), a resource for investors and traders seeking the latest updates and insights on Biloxi Marsh stock.
Stay informed about developments affecting Biloxi Marsh Lands Corporation and its extensive Louisiana marsh land holdings. News coverage related to BLMC stock typically focuses on several key areas that impact the company's operations and financial performance.
Oil and gas industry news represents a primary area of interest, as commodity prices and energy sector activity directly influence the value of mineral leases and royalty payments that form the company's revenue base. Announcements regarding exploration and production activities in southeastern Louisiana, particularly in St. Bernard Parish and surrounding coastal areas, may signal changes in demand for the company's mineral rights. Regional drilling activity, new well permits, and production data from Louisiana's coastal energy operations provide context for understanding potential revenue opportunities.
Environmental and regulatory developments affecting Louisiana's coastal zone carry significant implications for Biloxi Marsh Lands Corporation. News related to coastal restoration projects, wetland protection regulations, oil and gas permitting in sensitive coastal areas, and federal or state environmental policies may impact both the company's land management activities and the ability of lessees to conduct operations on the property. Updates from Louisiana's Coastal Protection and Restoration Authority and the U.S. Army Corps of Engineers regarding coastal projects and land use policies are particularly relevant.
Hurricane activity and tropical weather systems affecting the Gulf Coast region pose direct risks to the company's property and operations. News coverage of storm damage, coastal flooding, and the protective role of marsh lands in mitigating storm surge provides important context for understanding both risks to the company's assets and the value of its land holdings as natural storm barriers. Climate change discussions and sea level rise projections for Louisiana's coast may influence long-term perspectives on the company's land holdings.
Legal developments related to property damage claims, environmental litigation, and disputes involving federal water projects or coastal management may affect the company's financial position. Corporate announcements regarding shareholder matters, dividend payments, and financial results provide direct information about the company's performance, though such news releases may be infrequent given the company's small size and limited trading activity in the over-the-counter market.
Biloxi Marsh Lands Corporation (BLMC) announced that its 2022 Annual Meeting of Shareholders will take place on May 11, 2022, at 10:30 a.m. in Metairie, Louisiana. The company has revealed its financial results for Q4 2021 and the full year ending December 31, 2021, which are available on its website. Additionally, effective March 9, 2022, BLMC entered into a significant long-term CO2 Injection Agreement with Denbury Carbon Solutions, LLC, enabling the sequestration of CO2 beneath its property in St. Bernard Parish, LA.
Biloxi Marsh Lands Corporation (BLMC) has activated its electronic bulletin board to enhance liquidity for shareholders. This platform allows shareholders to post notices for buying and selling BLMC common stock without incurring user fees. Previously, BLMC shares traded on the over-the-counter market, but recent SEC regulations limited quoting for non-GAAP compliant companies. The bulletin board aims to facilitate direct communication between shareholders for stock transactions, providing a 24/7 platform for share trading.
Biloxi Marsh Lands Corporation (BLMC) announced the creation of a passive electronic stock-trading bulletin board to increase shareholder liquidity. This platform will allow investors to post buy and sell notices for BLMC shares, facilitating direct communication among them. The company will not act as a broker, and transactions will be self-arranged. Following the SEC's amended Rule 15c2-11, BLMC's compliance will raise operational costs as it must maintain GAAP financial statements. The electronic bulletin board is expected to launch by the end of Q1.
Biloxi Marsh Lands Corporation has released its unaudited financial results for the second and third quarters of 2021 on its website. Due to Hurricane Ida, the posting of the second-quarter results was delayed. Investors and interested parties are encouraged to visit the company's website for access to historical press releases and financial statements. All inquiries can be directed through the contact section on the website.
Biloxi Marsh Lands Corporation (BLMC) has released its unaudited financial results for Q1 2021, available on its website. The report highlights delays in the completion of proved reserves studies for its joint ventures, B&L Exploration, LLC (75% interest) and B&L Resources, LLC (50% interest), attributed to COVID-19 staffing issues. Consequently, the company anticipates these studies to be finalized by mid-2021. Investors are encouraged to check the website for comprehensive financial information and updates.
Biloxi Marsh Lands Corporation (PINK SHEETS:BLMC) is set to hold its 2021 Annual Meeting of Shareholders on May 5, 2021. For the year ending December 31, 2020, the company reported a revenue of $11,736 from oil and gas production, down from $18,982 in 2019. The net loss for 2020 was $988,189 ($0.39 per share), significantly improved from a loss of $3,030,888 ($1.21 per share) the previous year. The company also declared a dividend of $250,503 ($0.10 per share) on January 14, 2021, contributing to a total of $56,481,500 paid in dividends since 2002.
Biloxi Marsh Lands Corporation (BLMC) announced a dividend of $0.10 per share during its Board meeting on December 17, 2020. This dividend is payable on January 14, 2021 to shareholders who are on record as of the close of business on December 30, 2020. This decision reflects the company's ongoing commitment to providing returns to its investors and signals confidence in its financial sustainability.
Biloxi Marsh Lands Corporation (PINK SHEETS: BLMC) reported its unaudited financial results for Q3 and the first nine months of 2020, revealing significant changes year-over-year. Revenue from oil and gas production plummeted to $1,557 in Q3 2020, down from $7,165 in Q3 2019. However, the company recognized a settlement gain of $1,607,716 and reported a net income of $1,546,908 ($0.62 per share), a turnaround from a net loss of $483,946 in 2019. The company continues to navigate litigation regarding property damage claims against the U.S. Army Corps of Engineers and is actively pursuing oil and gas operations in Louisiana and Texas.
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