Bowood Energy Inc.
TSX VENTURE : BWD

Bowood Energy Inc.

March 17, 2011 15:36 ET

Bowood Announces Alberta Bakken Well Licenced at 15-25-3-23 W4

CALGARY, ALBERTA--(Marketwire - March 17, 2011) - Bowood Energy Inc. ("Bowood" or the "Company") (TSX VENTURE:BWD) is pleased to announce that its first joint well in the southern Alberta Bakken fairway was licenced effective March 11th and is expected to start drilling prior to March 31st, 2011. The proposed horizontal well will be drilled from a surface location in 3-1-4-23 W4 with the horizontal portion of the well expected to terminate in 15-25-3-23 W4.

The well is licenced to Legacy Oil + Gas Inc. who will be responsible for 80 percent of the drilling and completions costs of the well and as a result will earn a 50 percent working interest in the well and 8 sections of Bowood lands. Bowood will pay the remaining 20 percent of the well costs for a resulting 50 percent working interest.

With operations based in Calgary, Alberta, Bowood Energy Inc. is a TSX-V listed company engaged in the acquisition, exploration, development, and production of oil and gas resources in Alberta. Bowood is recognized as a TSX Venture 50® company in 2011. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license.

For more information on Bowood Energy Inc. (TSX VENTURE:BWD) and to see the latest corporate presentation please visit our website at: http://www.bowoodenergy.caYou may also request additional information by emailing info@bowoodenergy.ca.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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