Bayside Corporation (BYSD)

[niuyuer]

Bayside Corporation announces the acquisition of the Welder lease in Duval County, Texas.

http://baysidepetroleum.com/contents.php?page_id=59

DALLAS, TX, February 15, 2012 -- BAYSIDE CORPORATION (PINKSHEETS: BYSD), an oil field development company operating primarily in South Texas, announced today that it has acquired a 50% interest in a 160-acre lease located in the Seven Sisters Field in Northwestern Duval County, Texas. The lease has one existing well that the Company has just re-completed in two new zones behind pipe. These two zones were calculated as productive of oil from core analyses taken when the well was drilled. Further, the two zones have produced in nearby wells in the field.

Testing is ongoing and results will be reported shortly. The lease has the potential for several new wells to be drilled and completed based on the results of this re-completion operation.

The Welder lease had initial production of oil in 1936 and has accumulated in excess of 746,000 barrels of oil to date. The Company believes there is significant recoverable oil remaining in other productive zones in both above and below the original pay zones.