BWD Lgx Oil And Gas, Inc.

Bowood Energy Inc. (TSX VENTURE:BWD) ("Bowood" or the "Company") is pleased to
announce that its first joint well operated by Legacy Oil + Gas, in the southern
Alberta Bakken fairway spudded on March 22nd, 2011 and is currently drilling
ahead. The proposed Spring Coulee 15-25 horizontal well is being drilled from a
surface location in 3-1-4-23 W4 with the horizontal portion of the well expected
to terminate in 15-25-3-23 W4. The well's primary targets are the Big Valley,
Exshaw and Banff Formations, which collectively form the Bakken petroleum system
in the southern Alberta Basin.


The 15-25-3-23 W4 well targets an area where there is not only potential in the
Bakken Petroleum system but also in a number of other zones prospective for oil.


The Spring Coulee 15-25 well is the 28th well licensed by industry in the
fairway on the Canadian side of the border since the play emerged in 2010. 


With operations based in Calgary, Alberta, Bowood Energy Inc. is a TSX-V listed
company engaged in the acquisition, exploration, development, and production of
oil and gas resources in Alberta. Bowood is recognized as a TSX Venture 50(R)
company in 2011. TSX Venture 50 is a trade-mark of TSX Inc. and is used under
license. 


For more information on Bowood Energy Inc. (TSX VENTURE:BWD) and to see the
latest corporate presentation please visit our website at:
http://www.bowoodenergy.ca.


You may also request additional information by emailing info@bowoodenergy.ca.

Reader Advisories

Forward-Looking Statements: Certain information included in this press release
constitutes forward-looking statements and information under applicable
securities legislation. Such forward-looking information is provided for the
purpose of providing information about management's current expectations and
plans relating to the future. Readers are cautioned that reliance on such
information may not be appropriate for other purposes, such as making investment
decisions. Forward-looking information typically contains statements with words
such as "anticipate", "believe", "expect", "plan", "intend", "estimate",
"propose", "project" or similar words suggesting future outcomes or statements
regarding an outlook. Forward-looking information in this press release may
include, but is not limited to, information with respect to: operational
decisions and the timing thereof, development and exploration plans and the
timing thereof; future production levels; the location and prospective nature of
the lands; and, the anticipated benefits resulting from the transactions
described in this press release. Forward-looking information is based on a
number of factors and assumptions which have been used to develop such
information but which may prove to be incorrect. Although Bowood believes that
the expectations reflected in such forward-looking information are reasonable,
undue reliance should not be placed on forward-looking information because
Bowood can give no assurance that such expectations will prove to be correct. In
addition to other factors and assumptions which may be identified in this press
release, assumptions have been made regarding and are implicit in, among other
things: field production rates and decline rates; the ability of Bowood to
secure adequate drilling and production services; the timely receipt of any
required regulatory approvals; the ability of Bowood to obtain and retain
qualified staff, equipment and services in a timely and cost efficient manner to
develop its business; Bowood's ability to operate the properties in a safe,
efficient and effective manner; the ability of Bowood to obtain financing on
acceptable terms; the ability to replace and expand oil and natural gas reserves
through acquisition, development of exploration; the timing and costs of
pipeline, storage and facility construction and expansion; future oil and
natural gas prices; currency, exchange and interest rates; the regulatory
framework regarding royalties, taxes and environmental matters; and the ability
of Bowood to successfully market its oil and natural gas products. Readers are
cautioned that the foregoing list is not exhaustive of all factors and
assumptions which have been used. 


Forward-looking information is based on current expectations, estimates and
projections that involve a number of risks and uncertainties which could cause
actual results to differ materially from those anticipated by Bowood and
described in the forward-looking information. The material risk factors
affecting Bowood and its business are contained in Bowood's Annual Information
Form which is available under Bowood's issuer profile on SEDAR at www.sedar.com.
The forward-looking information contained in this press release is made as of
the date hereof and Bowood undertakes no obligation to update publicly or revise
any forward-looking information, whether as a result of new information, future
events or otherwise, unless required by applicable securities laws. The forward
looking information contained in this press release is expressly qualified by
this cautionary statement.

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