Tuesday, February 02, 2010 4:05:16 PM
http://www.earthtimes.org/articles/show/bayside-petroleum-reports-progress-on,1148053.shtml
Posted : Tue, 02 Feb 2010 21:00:06 GMT
Author : Bayside Petroleum Company, Inc.
Category : Press Release
News Alerts by Email ( click here )
News | Home
DALLAS, TX -- 02/02/10 -- 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.
All lasting business is built on friendship.
Alfred A. Montapert
Simple Stock Loans Announces Unique Solutions For Investors Looking for Alternative Liquidity Amidst Recent Small Cap Rally Sep 6, 2024 9:30 AM
Reliant Coffee Debuts at #271 on the Inc. 5000 List of Fastest Growing Companies - Coffee Service Industry Disruptor Brews Up Exponential Growth Sep 5, 2024 11:51 AM
VAYK Confirms Receiving Revenue from First Airbnb Property with 1.4 Million Annual Revenue Goal • VAYK • Sep 4, 2024 9:34 AM
Mawson Finland Limited Expands Known Mineralized Zones at Rajapalot: New Lens Intercepts 21.75 m at 5.25 g/t Gold & 515 ppm Cobalt • MFL • Sep 4, 2024 9:02 AM
Integrated Ventures Acquires 51% Stake In GetTrim.Com (TM), Telemedicine Platform With Focus On Expansion Into Booming GLP-1 Powered Weight Loss Market • INTV • Sep 4, 2024 8:45 AM
Avant Technologies Announces Strategic Review Process Intended to Maximize Shareholder Value • AVAI • Sep 4, 2024 8:00 AM