Your browser does not support script

News Releases

Information posted is accurate at the time of posting, but may be superseded by subsequent press releases.

  Nov 21, 2007 - 09:00 ET
Bayou Bend Provides Mustang Island 736 Results

  VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 21, 2007) - Bayou Bend Petroleum Ltd. ("Bayou Bend" or "the Company") (TSX VENTURE:BBP) reports on the test results from the Mustang Island 736 well and updates on its exploration activities in the Gulf of Mexico.

The Mustang Island 736 #1 side-track well was drilled to a total depth of 11,190' MD. The well was evaluated with open-hole logs and production casing was run on apparent petrophysical gas pay. The two formation tests completed in the well bore flowed formation water and therefore the well has been assessed as non-commercial. Operations are currently underway to plug and abandon the well and the rig will be released.

Bayou Bend President and CEO Clint Coldren stated, "While we are all disappointed with the outcome of the MU736 well, we look forward to continuing our aggressive drill program on the numerous prospects we have in our growing portfolio of high potential projects. We are currently drilling ahead on the La Posada prospect and have plans and financing in place to drill at least 10 additional exploration wells in 2008."

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 interest in several Federal OCS blocks offshore Louisiana and Texas. The Company has an aggressive drilling program planned for 2007/2008.

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.



FOR FURTHER INFORMATION PLEASE CONTACT:


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
Email: sophias@namdo.com
Website: www.bayoubendpetroleum.com
 
 


You can return to the Top of this page