Bayou Bend Spuds Second Well on Marsh Island Project
VANCOUVER, BRITISH COLUMBIA–(Marketwire - June 25, 2007) - Bayou Bend Petroleum Ltd. (“Bayou Bend” or “the Company”) (TSX VENTURE:BBP) is pleased to announce that it has commenced drilling its second well on the Marsh Island project located in the Gulf of Mexico, offshore Louisiana. The well is testing the Bootspur Prospect, a large structural trap approximately 1.5 miles southeast from the Company’s producing Greylock field. TODCO Rig 52 was mobilized to site and Bootspurt #1 spudded on June 24, 2007.
The Boot Spur prospect is a 15700 feet geopressured Cib Op test that will offset the recent Dutch discovery by Contango Oil and Gas Company. The well is expected to reach target depth in approximately 70 days. If successful, the well will be immediately completed and tied-in to the Company’s El-7 production facility. The Company has a 35.5809% interest in the well.
The Marsh Island project comprises a quality portfolio of gas/condensate assets onshore/offshore Marsh Island in the Gulf of Mexico, including the 40 MMcfgpd production facility that is tied into the existing regional pipeline infrastructure.
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 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