dfloydr

Biloxi Marsh Lands - An Intriguing Landowner

TMR did a lot of seismic in these marshlands and they drilled a few wells. I have not followed TMR for at least a year. Their stock is way down and their management seems lost. TMR's wells got hammered by that pair of hurricanes that did in NO. TMR recovered rather well but then there was a lot of talk about all the damage done to the marshlands by the drilling. Canals cut through the marshes. Removing oil and gas has tended to lower the ground level making NO more and more vulnerable.

I do not know the present status in the marsh lands, but do look hard at what is now going on there.