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Message: 2/1/09 NR..sell gulf of mexico assets.....

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2/1/09 NR..sell gulf of mexico assets.....

posted on Feb 11, 09 05:13PM

Bayou Bend Acting President, Keith Hill, stated, "Our focus remains to reformulate our business strategy in the Company including the sale of the Gulf of Mexico assets or a business combination with other operators. The preservation of cash in this difficult market is a prime concern and we therefore elected not to put additional capital at risk on exploration with the risk of further cost overruns. The deadline for bids is February 11, 2009 and we would expect to announce the results of this process shortly thereafter."

what else do they have....

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