Bayou City Exploration and Petro Resources Corp. Announce a Joint Participation Agreement.HOUSTON -- Bayou City Bayou City is a popular nickname for Houston, Texas, founded at the confluence of White Oak and Buffalo Bayous by the Allen Brothers in the early nineteenth century. Since that time, the ubiquitous namesake streams have played a major role in the city's developoment, both as Exploration Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BYCX BYCX Battle Ground, Yacolt & Chelatchie Prairie Railroad ) and Petro Resources Corp. (OTCBB:PRCT PRCT Practice PRCT Prospective, Randomized, Controlled Trial (medicine) PRCT Partial Rotator Cuff Tear ) announce that they have entered into a joint participation agreement. The companies contemplate jointly participating in drilling, lease acquisition, and reserve acquisition opportunities. The agreement will provide the companies with an increased number of opportunities and an ability to diversify their capital budgets. About Bayou City Exploration: Bayou City Exploration Inc. is an independent oil and gas exploration and production company with its principal properties located onshore Texas and Louisiana. About Petro Resources Corp.: Petro Resources Corp. is an independent exploration and production company focused on domestic oil and gas drilling and production located primarily in the offshore U.S. Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east , onshore Texas and Louisiana, and the Rocky Mountains Rocky Mountains, major mountain system of W North America and easternmost belt of the North American cordillera, extending more than 3,000 mi (4,800 km) from central N.Mex. to NW Alaska; Mt. Elbert (14,431 ft/4,399 m) in Colorado is the highest peak. . Forward-Looking Statements: Certain statements in this news release regarding future expectations and plans may be regarded as "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. They are subject to various risks, such as operating hazards, drilling risks, and other uncertainties inherent in the business of exploring for, developing and producing oil and gas which may be beyond Bayou City Exploration Inc.'s control. For a discussion of the contingencies and uncertainties affecting future events and forward-looking statements, see Bayou City Exploration's most recent Annual Report on Form 10-KSB, as well as other filings with the Securities and Exchange Commission. There can be no assurance that Bayou City Exploration will be successful in meeting its expectations. |
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