VANCOUVER, BRITISH COLUMBIA–(CCNMatthews - April 17, 2007) - Bayou Bend Petroleum Ltd. (“Bayou Bend” or “the Company”) (TSX VENTURE:BBP) is pleased to announce that it has entered into a Farm-out Agreement for oil and gas exploration rights on South Marsh Island Block 165 (“SMI 165”), located in the Outer Continental Shelf, Gulf of Mexico. Upon the completion of its work commitment, Bayou Bend will earn 100 percent working interest in SMI Block 165 to depth drilled.

This shallow water block is located in 233 feet of water and encompasses over 2,500 acres. The block hosts several sizeable prospects and leads, many of which have 15 BCF+ potential. A drilling program is planned to have a well spud during the third quarter of this year. The primary target is ponded turbidites in a salt-floored mini-basin at a prognosed depth of 8,200 feet.

SMI Block 165 is located directly adjacent to the Company’s SMI Block 164 which hosts similar targets on trend.

“South Marsh Island Block 165 is a very good complement to our existing prospect inventory on SMI Block 164. The results of the upcoming exploration well on SMI 165 will enable us to further evaluate and develop additional prospects in both blocks,” said Clinton W. Coldren, President and Chief Executive Officer of Bayou Bend Offshore, Ltd.

Bayou Bend is an oil and gas exploration and production company with a focus in the Gulf of Mexico shallow water shelf area. The Company has lease interests in the State Waters of Louisiana near Marsh Island and owns a 100% interest in several Federal OCS blocks offshore Louisiana and Texas. The Company has an aggressive drilling program planned for 2007.

Cautionary Statements

This document contains statements about expected or anticipated future events and financial results that are forward-looking in nature and as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the Company’s capability to execute and implement its future plans. Actual results may differ materially from those projected by management. Target size potential is based on in-house estimates. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.

On Behalf of the Board,

Clinton W. Coldren, President


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 


Bayou Bend Petroleum Ltd.
Clinton Coldren
President
(504) 561-1151
Email: coldren@bayoubendpetroleum.com

or

Bayou Bend Petroleum Ltd.
Keith Hill
Chairman
(604) 806-3583
Email: khill@namdo.com

or

Bayou Bend Petroleum Ltd.
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
Email: sophias@namdo.com
Website: www.bayoubendpetroleum.com