Blue Dolphin Announces 2012 Annual Stockholders Meeting Results
08 Giugno 2012 - 10:30PM
Blue Dolphin Energy Company (OTCQX:BDCO) ("Blue Dolphin"), an
independent energy company with refining, midstream and upstream
operations, today announced the results of its 2012 Annual Meeting
of Stockholders (the "Annual Meeting"), which was held on June 5,
2012 at 10:00 a.m. Central in Houston, Texas.
At the Annual Meeting Blue Dolphin's stockholders approved:
- re-election of five directors (Ivar Siem, Laurence N. Benz,
John N. Goodpasture, A. Haag Sherman and Herbert N. Whitney) to
Blue Dolphin's Board of Directors, each of whom shall serve until
their successors have been duly elected and qualified, or until
their earlier resignation or removal; and
- ratification of UHY LLP as Blue Dolphin's independent
registered public accounting firm for the fiscal year ending
December 31, 2012.
Following the adjournment of the Annual Meeting, Ivar Siem, Blue
Dolphin's Chairman of the Board, and Jonathan Carroll, Blue
Dolphin's Chief Executive Officer and President, made a
presentation to those in attendance at the Annual Meeting. The
slides from the presentation made by Messrs. Siem and Carroll are
available on Blue Dolphin's website (refer to link on home
page).
Blue Dolphin Energy Company (OTCQX:BDCO) is engaged in crude oil
and condensate processing, as well as the gathering and
transportation and the exploration and production of oil and
natural gas. For additional company information, visit Blue
Dolphin's corporate website at
http://www.blue-dolphin-energy.com.
Certain of the statements included in this press release, which
express a belief, expectation or intention, as well as those
regarding future financial performance or results, or which are not
historical facts, are "forward-looking" statements as that term is
defined in the Securities Act of 1933, as amended, and the
Securities Exchange Act of 1934, as amended. These
forward-looking statements are not guarantees of future performance
or events and such statements involve a number of risks,
uncertainties and assumptions, including but not limited to: key
supplier failure; loss of market share with or by a key customer;
failure to comply with forbearance agreements relating to long-term
indebtedness under which Blue Dolphin is in default; failure to
realize anticipated benefits of acquired operations; volatility of
refining margins; and the factors set forth under the heading "Risk
Factors" in Part I, Item 1A of Blue Dolphin's annual report on Form
10-K for the twelve month period ended December 31, 2011 and the
heading "Risk Factors" in Part II, Item 1A of Blue Dolphin's
quarterly report on Form 10-Q for the three month period ended
March 31, 2012. Should one or more of these risks or
uncertainties materialize or should the underlying assumptions
prove incorrect, actual results and outcomes may differ materially
from those indicated in the forward-looking
statements. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date hereof. Unless legally required, Blue
Dolphin undertakes no obligation to republish revised
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events.
CONTACT: Jonathan P. Carroll
Chief Executive Officer and President
713-568-4725
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