SOURCE: Bayside Petroleum Company, Inc.

September 14, 2009 16:01 ET

Bayside Petroleum Company, Inc. Summarizes Expanded Oil & Gas Project Interests

DALLAS, TX--(Marketwire - September 14, 2009) - BAYSIDE PETROLEUM COMPANY, INC. (PINKSHEETS: BYSD) is pleased to provide a summary of its expanded oil & gas project interests in recent months. The Company has increased its interests in all of the fields in which it held interests, and has also acquired initial interests in two additional prospects. The Company also reports that it chose not to proceed with the purchase of interests in the Salt Flat and Coleman County projects that it had earlier classified as Option Properties.

Increased Project Interests

Based on its analysis of reserves and the potential for production increases via its reworking, well rehabilitation and EOR (enhanced oil recovery) procedures, Bayside has increased and/or initiated its ownership interests in the following promising projects.

Oil and Gas Fields:
                       Previous BYSD Ownership    Present BYSD Ownership
Property
China, S. Field                  10%                     90.5600%
Muscadine Field                  10%                     84.0100%
Acleto Creek Field               10%                     62.0000%
Baxterville Field                 0%                     50.0000%
Romania                           0%                      2.5000%
Alta Mesa, E. Field              10%                     18.0000%
Thornwell, S. Field              10%                    100.0000%
Loma Novia Field                  0%                     75.0000%
Gruy Field                        0%                     75.0000%
Luling-Branyon Field              0%                     75.0000%

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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