SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported)
August 31, 1995
BLUE DOLPHIN ENERGY COMPANY
(Exact name of registrant as specified in its charter)
Delaware 0-15905 73-1268729
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
11 Greenway Plaza
Suite 1606
Houston, Texas 77046
(Address of principal executive office) (Zip Code)
(713) 621-3993
(Registrant's telephone number, including area code)
<PAGE>
ITEM 5. OTHER
See exhibit 20.1 Press Release of Blue Dolphin Energy Company dated
August 31, 1995, announcing the sale of a one-third interest in the
Blue Dolphin Pipeline System.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits - 20.1 Press Release of Blue Dolphin Energy Company
dated August 31, 1995.
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of
1934, as amended, the Registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
BLUE DOLPHIN ENERGY COMPANY
By: Michael J. Jacobson
Michael J. Jacobson
President and Chief Executive Officer
Dated: August 31, 1995
Exhibit 20.1
PRESS RELEASE
FOR IMMEDIATE RELEASE August 31, 1995
Houston, Texas - Blue Dolphin Energy Company (NASDAQ Symbol: BDCO)
Blue Dolphin Energy Company is pleased to announce the sale of a one
third interest in the Blue Dolphin Pipeline System to CoEnergy Offshore
Pipeline & Processing Company, a subsidiary of MCN Corporation (NYSE:
MCN), Detroit, Michigan for $10,000,000, in an all cash transaction.
The assets sold include 1/3 interests in the Company's Blue Dolphin
pipeline, shore facilities, Freeport, Texas acreage, liquids pipeline
and barge loading terminal on the intracoastal waterway.
Proceeds will be used for funding diversification and acquisition
opportunities, debt retirement and general corporate purposes.
Blue Dolphin Energy Company is engaged in the exploration, acquisition,
development, and operation of oil and gas properties and in oil and gas
transportation and marketing. Questions should be directed to Michael
J. Jacobson, President, at the Company's offices in Houston, Texas,
(713) 621-3993.
