Bayou Bend Petroleum Ltd. announced that the West Cameron Block 332 well was spud on June 2, 2007 by Cairn USA, the project operator utilizing the rig Pride Georgia. The Company holds a 25% interest in the project.
The project comprises 5,000 acres in the Gulf of Mexico Outer Continental Shelf offshore Louisiana. The prospect is a structural pressured Miocene test with strong amplitude and AVO support. The well will be drilled to a depth of 14,250' TVD/MD. If successful, the well will be completed and tied into existing infrastructure.
"This is an exciting day for Bayou Bend to spud its first well in the Federal Waters of the Gulf of Mexico. This will be the first of three scheduled projects in the Federal Waters in 2007," commented Clinton W. Coldren, President and Chief Executive Officer of Bayou Bend.
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