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Bayou Bend bags bid at Western Gulf Lease Sale


Published Aug 27, 2007
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Bayou Bend completes acquisition of Gulf of Mexico blocks from Pearl Exploration and Production-Spotlight

Bayou Bend Petroleum Ltd. was the apparent high bidder for 2 blocks on the Outer Continental Shelf in the Western Gulf lease sale held on August 22, 2007.

The successful bids cover 2 blocks (#542 and #547) in the West Cameron offshore area bringing the total gross acreage held by the Company to 73,277 acres. Leases are expected to be awarded by the Minerals Management Service in the near term.

Mr. Clint Coldren, President of Bayou Bend, commented, "With these two new successful bids, Bayou Bend now holds or has earn-in rights for a 100% interest in 8 OCS Gulf of Mexico blocks and earn-in rights for a 25% interest in a 9th block. The Company is rapidly building a highly prospective portfolio of quality assets in the Gulf region. We look forward testing the numerous large prospects identified on our acreage."



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