BPI Energy ("BPI") (Amex:BPG), an independent energy company engaged in the exploration, development and commercial sale of coalbed methane (CBM) in the Illinois Basin, today announced that company management will be making presentations to the investment community at the following venues:
First Albany Capital Emerging Resource Plays Conference Date and Time: Wednesday, July 19, 2006 at 4:30 p.m. Eastern Location: The Harvard Club of New York 35 West 44th Street New York, NY 26th Annual Canaccord Adams Summer Seminar(a) Date and Time: Wednesday, August 9, 2006 at 9:30 a.m. Eastern Location: Boston Marriott Long Wharf Hotel 296 State Street Boston, MA IPAA Oil & Gas Investment Symposium(a) Date and Time: Thursday, October 5, 2006 at 4:55 p.m. Pacific Location: The Palace Hotel San Francisco, CA
(a)Denotes that the presentation will be webcast. For links to the audio webcasts and presentation slides, please visit: www.bpi-energy.com
According to President and Chief Executive Officer James G. Azlein, BPI Energy's presentation will highlight its commercially productive 10,000-acre Southern Illinois Basin Project as well as its newest development project, the 353,000-acre Northern Illinois Basin Project.
He continued: "As we begin transitioning from primarily focusing on property acquisition to focusing on testing, development and commercial production, we are excited to share our progress with investors. The Illinois Basin is one of the last undeveloped CBM basin plays in North America, and BPI holds a 500,000-acre position there with a current inventory in excess of 6,000 well locations. Not only have we demonstrated the commercial viability of CBM production in the Basin and successfully launched our second development front, but we now can boast a recently expanded in-house management and developing technical team to guide our efforts. We are pleased to have the opportunity to further broaden investor awareness of our activities in the region at such well respected venues."
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About BPI Energy
BPI Energy (BPI) is an independent energy company engaged in the exploration, production and commercial sale of coalbed methane (CBM) in the Illinois Basin, which covers approximately 60,000 square miles in Illinois, southwestern Indiana and northwestern Kentucky. The company currently controls the dominant CBM acreage position in the Illinois Basin at approximately 500,000 acres.
Some of the statements contained in this press release may be deemed to be forward-looking in nature, outlining future expectations or anticipated operating results or financial conditions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results or conditions to differ materially from the information expressed or implied by these forward-looking statements. Some of the factors that could cause actual results or conditions to differ materially from our expectations, include, but are not limited to: (a) our inability to generate sufficient income or obtain sufficient financing to fund our operating plan through April 30, 2007, (b) our inability to retain our acreage rights at our projects at the expiration of our lease agreements, due to insufficient CBM production or other reasons, (c) our failure to accurately forecast CBM production, (d) displacement of our CBM operations by coal mining operations, which have superior rights in most of our acreage, (e) our failure to accurately forecast the number of wells that we can drill, (f) a decline in the prices that we receive for our CBM production, (g) our failure to accurately forecast operating and capital expenditures and capital needs due to rising costs or different drilling or production conditions in the field, (h) our inability to attract or retain qualified personnel with the requisite CBM or other experience, and (i) unexpected economic and market conditions, in the general economy or the market for natural gas. We caution readers not to place undue reliance on these forward-looking statements.
News releases and other information on the company are available on the Internet at: http://www.bpi-energy.com