Bayshore Petroleum Corp.
TSX VENTURE : BSH

June 15, 2012 13:11 ET

Bayshore Petroleum Corp.: Update on Saskatchewan Radville Exploratory Drilling

CALGARY, ALBERTA--(Marketwire - June 15, 2012) - Bayshore Petroleum Corp. ("Bayshore" or the "Corporation") (TSX VENTURE:BSH) is pleased to announce today it has cased its first exploratory well, Bayshore Radville 8-5-6-17W2, in Radville, Saskatchewan. The exploratory well was drilled to a depth of 1,972 meters and encountered several prospective hydrocarbon zones. Bayshore is currently conducting detailed petrophysics and geological analysis and designing completion and production test programs for the well.

Bayshore is a Calgary, Alberta based corporation engaged in the exploration, development and production of petroleum and natural gas. The Common Shares are listed on the TSX Venture Exchange under the trading symbol "BSH".

Cautionary Statement

Statements in this press release may contain forward-looking information including expectations of future production, operating costs, commodity prices, administrative costs, commodity price risk management activity, acquisitions and dispositions, capital spending, access to credit facilities, income taxes, regulatory changes, and other components of cash flow and earnings. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the company. These risks include, but are not limited to, the risks associated with the mining industry, commodity prices and exchange rate changes. Industry related risks could include, but are not limited to, operational risks in exploration, development and production, delays or changes in plans, risks associated to the uncertainty of reserve estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. The reader is cautioned not to place undue reliance on this forward-looking information.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Contact Information

  • Bayshore Petroleum Corp.
    Peter Ho
    President and Chief Executive Officer
    403 265-8820