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Bayside Renews Mississippi Wells

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October 3, 2012

Bayside Corp. (PINKSHEETS: BYSD) announced the renewal of oil and gas leases on its Baxterville field prospect in Lamar County, Miss. The leases consist of four wells, being three production wells and one saltwater disposal well.

The three production wells are productive of oil from the Tuscaloosa formation at the approximate depth of 8,750 feet. The wells on the lease have accumulated in excess of 100,000 b/o and it is estimated that the lease will produce an additional 475,000 b/o. Tests run prior to 2009 indicated a 5% oil cut ...

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