SOURCE: Bayside Petroleum Company, Inc.

February 02, 2010 16:00 ET

Bayside Petroleum Reports Progress on the Acleto Creek Field Project, Wilson County, Texas

DALLAS, TX--(Marketwire - February 2, 2010) - BAYSIDE PETROLEUM COMPANY, INC. (PINKSHEETS: BYSD) is pleased to announce that it has renewed all leases on the Acleto Creek project. The leases contain 15 wells productive of oil from several sands ranging between the depths of 2,700' and 2,900'. Having renewed all of the leases, Bayside can now proceed with its plans to rework and re-complete most of the wells on the lease to significantly increase the daily oil production rates, in accordance with the recoverable reserves that are known to underlie the Acleto Creek leases.

Acleto Creek Field

The Acleto Creek field is located in Wilson County on a 148 acre lease with 15 wells that produce from a series of Poth sands occurring between the approximate depths of 2,750' and 2,900', and 1 saltwater disposal well. The field has accumulated in excess of 1.5 million barrels of oil. The wells will be re-completed in multiple zones and have the potential to produce as high as 200 barrels of oil per day. As well, this promising property has excellent potential for secondary recovery (water flooding) as there was a successful operation on a nearby lease.

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.

The Company has entered a period of accelerated activity on numerous high-potential projects and looks forward to reporting on its progress in the weeks and months ahead.

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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