Bayou Bend Petroleum Ltd. has made a gas condensate discovery on its Eagle's Nest prospect in the Marsh Island project in Eugene Island Block 6. This prospect was jointly drilled with Contango Operators, Incorporated (Contango) through the Company's Joint Exploration Agreement.

The prospect is the northern extension of the Mary Rose discovery previously announced by Contango. Bayou Bend has a 12.453525% working interest in the prospect. The Eagle's Nest prospect was drilled to a total depth of 16000' TVD and encountered 56' TVD net effective gas pay. The well will be completed and tied-in to Contango's EI 11 production facility for processing and sales.

Clint Coldren, President and CEO of Bayou Bend, said, "We are very pleased to announce the success of the Eagle's Nest prospect as part of the Joint Exploration Agreement with Contango. This prospect exposes the Company to reserve and production growth as we continue to focus on maturing other prospects in the Marsh Island Phase I area."

Tags: Bayou Bend Petroleum Ltd.