Louisiana

At March 31, 2011, Blackwater Midstream Corp. had negative working capital of approximately US$8,989,000, as compared to negative working capital of approximately US$1,723,000 as of March 31, 2010. This is…

Blackwater Midstream Corp. had negative working capital of approximately US$1,723,000 at March 31, 2010.

The Company’s current assets were approximately US$2,763,000, which includes cash and cash equivalents of approximately US$2,021,000, trade…