Bayou Bend Provides Results of Haystack Prospect
July 3, 2008
| VANCOUVER, BRITISH COLUMBIA–(Marketwire - July 3, 2007) - Bayou Bend Petroleum Ltd. (“Bayou Bend” or “the Company”) (TSX VENTURE:BBP) reports an update on the drilling results for the Haystack Prospect in the Marsh Island Operating Area. The Haystack Prospect which is operated by Bayou Bend was drilled to a total depth of 11,028’ MD/10,740’ TVD utilizing the rig Hercules #49 and has been fully evaluated. Based on log correlations, the expected Tex W3 sand is present in the wellbore but log analysis indicates the sand is wet. The Company is currently performing plug and abandonment operations on the wellbore. Bayou Bend President and CEO Clint Coldren stated, “While we are disappointed by the result of the Haystack Prospect this is just one of our eleven well program. Currently we have two other wells drilling, the EI 164 and the Mt. Moran North Prospects which should yield results in August. Our Eagle’s Nest well is currently being tied in line for production and should be producing by the end of July. We remain very optimistic with our overall 2008 drilling program.” 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 |
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