SOURCE: Bayside Petroleum Company

September 29, 2009 11:20 ET

Bayside Petroleum Company, Inc. Announces Completion of Merger With Nueces Valley Resources, Inc.

DALLAS, TX--(Marketwire - September 29, 2009) - BAYSIDE PETROLEUM COMPANY, INC. (PINKSHEETS: BYSD) is pleased to announce the completion of the merger with Nueces Valley Resources, Inc. to create a larger Bayside Petroleum Company, Inc. with a significant broadening of growth potential. The combination of these two companies brings additional interests in properties as well as additional oil production. Nueces Valley (NVR) owned and managed producing oil interests in South Texas and N.E. Kansas. Bayside believes it can enhance the daily oil production in both South Texas and N.E. Kansas. Bayside expects to commence a remedial program on certain wells located on the South Texas properties after an initial study. Also, Bayside anticipates increasing the daily production from the 200+ wells on the Kansas properties by redesigning the EOR (enhanced oil recovery) procedures on these wells.

Expanded Activities

In addition to the increased interests announced recently in numerous projects in Texas, Louisiana and Mississippi, as well as a 2.5% carried working interest in 7 licenses (concessions) in Romania, Bayside now owns and manages oil production of approximately 100 barrels per day in South Texas (Dimmit, Frio, Zavala and LaSalle Counties) and in N.E. Kansas (Douglas, Franklin and Miami Counties). The Company is now the manager of a number of joint ventures that own interests in these wells. The wells in Texas number 34 and a number of them are candidates for rework and/or re-completion to enhance the daily production rates. The wells in Kansas number approximately 200 and produce oil from shallow depths, ranging from 300' to 950'. Every project in Kansas is a candidate for waterflooding (secondary recovery), which when installed significantly increases the daily production rates. Since its inception, the Company has focused on the acquisition of fields with proven and verifiable reserves that offered low risk and high potential returns.

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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