Bayou Bend Makes Gas Discovery on Initial Marsh Island Well
Clint Coldren, President and CEO of Bayou Bend, stated, "We are very pleased to have made a discovery with our initial well in our Marsh Island Portfolio and are looking forward to its first production. We are currently securing rigs to allow us to move into an aggressive drilling campaign starting in the latter part of the second quarter to evaluate the significant upside potential of our portfolio."
Bayou Bend is an oil and gas exploration and production company with a focus in the Gulf of Mexico shallow water shelf area. They have lease interests in the State Waters of Louisiana near Marsh Island and own 100% interest in five Federal OCS blocks offshore Louisiana and Texas. They have planned an aggressive drilling program for 2007 including a minimum of 7 exploration wells.
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