SOURCE: Bayside Petroleum Company, Inc.

January 25, 2010 16:00 ET

Bayside Petroleum Forms a Drilling Consortium to Proceed With Re-Entry of Baxterville Field Well

DALLAS, TX--(Marketwire - January 25, 2010) - BAYSIDE PETROLEUM COMPANY, INC. (PINKSHEETS: BYSD) is pleased to announce that it has entered into agreements with private investors and one oil company for the re-entry of the initial well on its Baxterville Field Prospect, Lamar County, Mississippi. Funding is expected to be finalized prior to the end of January and operations are scheduled to commence in February, 2009. The Company will install a high volume down-hole pump on the well to increase the daily volume (Up to 2,000 bbls of fluid daily) and thereby increase the daily oil production dramatically.

The Baxterville Field

As announced previously, Bayside Petroleum increased its interest in this project to 50% during 2009. The lease contains 4 wells, 3 production wells and 1 disposal well. The lease has produced from the Tuscaloosa Sand at a depth of 8,800' from these wells. On last production tests, the wells produced 200 barrels of fluid with a 5-7% oil cut. Historically, moving larger amounts of fluid have increased the oil cut from similar reservoirs and Bayside plans to produce fluid at rates of 1,500-2,000 barrels per day per well and expects oil recoveries in the range of 300 to 400 bopd.

BAYSIDE... Poised for Growth

Dallas based Bayside Petroleum Company, Inc. is an aggressively managed energy exploration, development and production company in the process of building oil & gas reserves and production in some of the most prolific hydrocarbon bearing regions of the United States. Specializing in the reworking of wells in Oil and Gas fields with proven reserves to enhance production, Bayside is well positioned to substantially increase its proven reserves, cash flow and shareholder value over the next 12 to 18 months.

To learn more about BYSD, please visit:

In compliance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, Bayside Petroleum Company, Inc. notes that statements contained in this announcement that are not historical facts may be forward-looking statements that are subject to a variety of risks and uncertainties. Accordingly, Bayside wishes to caution readers of this announcement that its future actual results may differ materially from those that any forward-looking statements may imply. There is no assurance the above-described events will be completed. There can be no assurance of the ability of the Company to achieve sales goals, obtain contracts or financing, consummate acquisitions or achieve profitability in the future.

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