and now the cost....140m shares at $.75,,,,,and 5% brokers fees,,,,,$100m to D & E,,,,shares duluted to 448m +/=....scary....AND GET THIS...THEY WANT SHAREHOLDER APPROVALS.....THATS A 1ST

Bayou Bend Petroleum ("BBP" or the "Company") (TSX VENTURE:BBP), is pleased to announce that it has entered into an agreement with a syndicate of agents, led by GMP Securities L.P. and including Canaccord Capital Inc. and Raymond James Ltd., to issue on a marketed "best efforts" basis, 140 million subscription receipts ("Subscription Receipts") at a price of $0.75 per Subscription Receipt, resulting in gross proceeds of $105 million. The agents will receive a commission equal to 5% of the gross proceeds and have agreed to make a charitable donation to Lundin for Africa in an amount equal to 0.5% of the gross proceeds. Each Subscription Receipt will entitle the holder to receive one common share ("Common Share") without further payment or action on the part of the holder, upon the receipt of required shareholder approvals with respect to the Company's agreements (the "Agreements") for the acquisition of working interests in three separate exploration and development blocks with the Kurdistan Regional Government in the region of Kurdistan in Northern Iraq, previously announced on August 31, 2009.

Gross proceeds of the offering will be held in escrow pending receipt of shareholder approval of the Agreement, following which they will be released to the Company and will be used to fund commitments related to the Company's Agreements, for ongoing exploration and development activity and for general corporate purposes. The offering is subject to normal regulatory approvals, including approval of the TSX Venture Exchange. Closing is expected to occur on or before September 30, 2009.