Bayou Bend Appoints William Hoffman as CFO
VANCOUVER, BRITISH COLUMBIA–(CCNMatthews - April 30, 2007) - Bayou Bend Petroleum Ltd. (“Bayou Bend” or “the Company”) (TSX VENTURE:BBP) is pleased to announce the appointment of Mr. William D. Hoffman as Chief Financial Officer of the Company, effective as of April 1, 2007.
Mr. Hoffman has worked in the accounting profession since 1975 and holds extensive experience in the oil and gas industry. Based in New Orleans, he developed an impressive career with KPMG, including 10 years as a Partner working with a number of publicly held oil and gas companies as well as numerous private enterprises. During the past 14 years, Mr. Hoffman served as Vice President and Chief Financial Officer of C.F. Bean LLC, a dredging company which he led through significant growth including the formation of a joint venture partnership with Royal Boskalis Westminster nv, the world’s largest dredging company. In addition, Mr. Hoffman served for several years on the Oil and Gas Accounting Conference Board which addressed current issues impacting the industry from an accounting and financial disclosure viewpoint.
Clinton W. Coldren, President and CEO of Bayou Bend, commented, “We are very pleased to have Mr. Hoffman join our executive team. He brings exceptional financial and business development skills to the Company that will aid greatly in the growth of Bayou Bend.”
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 own 100% interest in five Federal OCS blocks offshore Louisiana and Texas. The Company has an aggressive drilling program planned for 2007 including a minimum of 7 exploration wells.
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. For such statements, we claim the safe harbor 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