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BDCO, SMNPF, IFAS, CSCTF, Added To Naked Short Lists Today

^{Published on 2011-03-07 06:10:55 - WOPRAI}
 

March 7, 2011 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , announced today that these select companies have been After the NASDAQ, AMEX, NYSE, OTCBB and Pinksheet naked short threshold lists. BLUE DOLPHIN ENER (NASDAQ:BDCO), SCORPIO MINING CORP (OTC:SMNPF), ISHARES FTSE EPRA/NAREIT DEV (NASDAQ:IFAS), CRESCENT POINT ENERGY CORP (OTC:CSCTF). For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to http://www.buyins.net .

BLUE DOLPHIN ENER (NASDAQ:BDCO) - Blue Dolphin Energy Company, incorporated in January 1986, is a holding company and conducts substantially all of its operations through its subsidiaries. The Company conducts its business activities in two primary business segments: pipeline transportation and related services for producer/shippers managed by Blue Dolphin Pipe Line Company, and oil and gas exploration and production managed by Blue Dolphin Petroleum Company and Blue Dolphin Exploration Company.

Pipeline Operations and Activities

The economic return on the pipeline system investments is solely dependent upon the amounts of gas and condensate gathered and transported through the Company's pipeline systems. The level of throughput on Blue Dolphin's pipeline systems is significantly below full capacity. Pipeline assets are held in, and operations conducted by, Blue Dolphin Pipe Line Company.

The Blue Dolphin Pipeline System includes the Blue Dolphin Pipeline, an offshore platform, the Buccaneer Pipeline, onshore facilities for condensate and gas separation and dehydration, 85,000 barrels of above-ground tankage for storage of crude oil and condensate, a barge loading terminal on the Intracoastal Waterway and 360 acres of land in Brazoria County, Texas where the Blue Dolphin Pipeline comes ashore and where the pipeline system shore facilities, pipeline easements and rights-of-way are located (Blue Dolphin System). The Company owns an 83% undivided interest in the Blue Dolphin System. The Blue Dolphin System gathers and transports gas and condensate from various offshore fields in the Galveston Area in the Gulf of Mexico to shore facilities located in Freeport, Texas. After processing, the gas is transported to an end user and a major intrastate pipeline system with further downstream tie-ins to other intrastate and interstate pipeline systems and end users.

The Blue Dolphin Pipeline consists of two segments. The offshore segment transports both gas and liquids (crude oil and condensate) and is comprised of approximately 34 miles of 20-inch pipeline from a platform in Galveston Area Block 288 to shore. The offshore segment includes a platform and five field-gathering lines totaling approximately 27 miles, connected to the main 20-inch line. An additional four miles of 20-inch pipeline onshore connects the offshore segment to the onshore facility at Freeport, Texas. The onshore segment consists of approximately two miles of 16-inch pipeline for transportation of gas from the shore facility to a sales point at a Freeport, Texas chemical plants' complex and intrastate pipeline system tie-in. The Buccaneer Pipeline, an 8-inch liquids pipeline, transports crude oil and condensate from the storage tanks to the Company's barge-loading terminal on the Intracoastal Waterway near Freeport, Texas for sale to third parties.

The Blue Dolphin System has an aggregate capacity of approximately 160 million cubic feet (MMcf) per day of gas and 7,000 barrels per day of crude oil and condensate. Gas throughput for the Blue Dolphin System averaged approximately 6% during 2005. The Blue Dolphin System is transporting approximately 9 MMcf of gas per day. All gas and liquids volumes transported in 2005 and 2004 were attributable to production from third party producer/shippers.

Blue Dolphin owns an 83% ownership interest in an 8-inch, 12.78 mile pipeline extending from Galveston Area (GA) Block 350 to an interconnect with a transmission pipeline in Galveston Area Block 391, approximately 14 miles south of the Blue Dolphin Pipeline. System capacity on the GA 350 Pipeline is 65 MMcf of gas per day. Gas throughput for the GA 350 Pipeline averaged approximately 18% and 26% of capacity during 2005 and 2004, respectively. The pipeline transports approximately 9 MMcf of gas per day. All gas and liquids volumes transported were attributable to production from third party producer/ shippers.

The Company also owns an 83% undivided interest in the Omega Pipeline, which is inactive. The Omega Pipeline originates in the High Island Area, East Addition Block A-173 and extendThere is a failure to deliver in shares of BDCO

SCORPIO MINING CORP (OTC:SMNPF) - Scorpio Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and exploitation of mineral resource properties. It explores for gold, silver, zinc, copper, and lead deposits. The company primarily owns a 100% interest in the Nuestra Senora property, which comprises 5 mineral exploitation claims covering an area of 1,896 hectares located in Sinaloa State, Mexico. It also holds interests in the Cochrane Hill and Caribou gold properties located in Nova Scotia and the Lac Arseneault property located in Quebec in Canada. Scorpio Mining Corporation was incorporated in 1998 and is headquartered in Vancouver, Canada.There is a failure to deliver in shares of SMNPF

ISHARES FTSE EPRA/NAREIT DEV (NASDAQ:IFAS) - iShares Trust iShares FTSE EPRA/NAREIT Asia Index FundThere is a failure to deliver in shares of IFAS

CRESCENT POINT ENERGY CORP (OTC:CSCTF) - Crescent Point Energy Corp. engages in the acquisition and development of petroleum and natural gas properties in western Canada. It produces crude oil, natural gas liquids, and natural gas. The companys operations are focused in the areas of central / southern Alberta and southern Saskatchewan. As of December 31, 2009, it had proved plus probable reserves of 281.6 million barrels of oil equivalent. The company, formerly known as Crescent Point Energy Trust, was founded in 2003 and is headquartered in Calgary, Canada.There is a failure to deliver in shares of CSCTF

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