BWD Lgx Oil And Gas, Inc.

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS.

Bowood Energy Inc. (TSX VENTURE:BWD) ("Bowood" or the "Company") provides the
following operational update on current activity in the southern Alberta Bakken
Fairway. 


Blood/Kipp Exploration well at 8- 30-8-23 W4

Bowood is pleased to report that the Company's second Alberta Bakken test well
located at Kipp, started production in December 2011. This well is located on
the Blood First Nation Reserve. We have yet to establish a stabilized production
rate due to the high pressure, multiphase influx of oil, water, and gas which
has hampered pump performance during this early stage of production. The Company
expects these issues are now largely resolved as the well continues to clean up
and expects that production will start to increase with better pumping
efficiency. The following is a summary of Kipp well operations to date:




1.  After fracture stimulation (which occurred from Oct 25th to 29th, 2011),
    and subsequent flow back of completion fluid, the well was shut in for
    three weeks to record a static bottom hole pressure. The pressure data
    and the extrapolated pressure gradient confirm that the formation is
    over-pressured as expected. 
2.  Despite the fact that the early production operations at Kipp have been
    delayed, between the post frac clean up, the initial equipping operation
    and the first two weeks of intermittent production the well has
    recovered over 5,000 bbls of light, oil and approximately 50% of
    injected load water. 
3.  A comparison of public data on industry wells indicates that based on
    early cumulative production, the Kipp well appears to have the potential
    to be a one of the better wells in the play to date. 



Spring Coulee Exploration well at 2-36-3-23 W4

At Spring Coulee, the Company's first Alberta Bakken test well has been on
production for approximately three months. This exploration well confirmed two
important criteria in establishing commercial unconventional oil production in
the area. The first is that the area is over pressured, and the second is that
the area is optimally located for peak oil generation, based on core results. 


The Spring Coulee well has now produced approximately 2,500 bbls of oil since it
was fracture stimulated and approximately 60% of injected load water has been
recovered. The Company believes that the modest inflow is attributable to the
inability to effectively fracture stimulate the well due to mechanical
difficulties encountered in the wellbore during completion operations coupled
with the low permeability of the formation. Since the Spring Coulee well
encountered the light oil and over-pressured part of the fairway, the next steps
to establishing commerciality at Spring Coulee will be to determine optimal
stratigraphic placement of the horizontal well path in the multiple formations
that make up the Bakken Petroleum System, and to establish an effective fracture
stimulation program. The Company continues to believe that this area of the
fairway is highly prospective for both the Alberta Bakken and the Second White
Specks oil plays. 


About Bowood Energy Inc.

Bowood Energy Inc. is a TSX-V Tier 2 corporation. Through its wholly owned
subsidiary, Bowood Energy Ltd., the Company is engaged in the acquisition,
exploration, development, and production of oil and gas resources. Current
projects are in the Province of Alberta.


Reader Advisories

Forward-Looking Statements: Certain information in this press release is
forward-looking within the meaning of Canadian securities laws as it relates to
anticipated financial performance, events or strategies. All statements other
than statements of historical fact contained in this news release are
forward-looking statements. Readers can identify many of these statements by
looking for words such as will, anticipate, believe, plan, intend, target, and
expect or similar words that suggest future outcomes. Although management
believes that the expectations represented in such forward-looking statements
are reasonable, there can be no assurance that such expectations will prove to
be correct. 


Forward-looking information in this press release includes, among other things,
information relating to: (i) expectations regarding the Company's production
results in its properties; (ii) expectations relating to the Company's financial
position and its ability to access capital (iii) expectations regarding the
Company's production rates, (iv) expectations regarding the completion and
evaluation of the Company's wells; and (v) expectations regarding the spudding
and drilling of new wells, including the timing of such activities.


The forward-looking statements included in this press release involve
substantial known and unknown risks, uncertainties and assumptions, certain of
which are beyond the Company's control. Such risks, uncertainties and
assumptions include, without limitation, those associated with oil and gas
exploration, development, exploitation, production, marketing, processing and
transportation, loss of markets, volatility of commodity prices, currency
fluctuations, imprecision of reserve estimates, environmental risks, competition
from other producers, inability to retain drilling rigs and other services,
delays resulting from or inability to obtain required regulatory approvals and
ability to access sufficient capital from internal and external sources, the
impact of general economic conditions in Canada, the United States and overseas,
industry conditions, changes in laws and regulations (including the adoption of
new environmental laws and regulations) and changes in how they are interpreted
and enforced, increased competition, the lack of availability of qualified
personnel or management, fluctuations in foreign exchange or interest rates,
stock market volatility and market valuations of companies with respect to
announced transactions and the final valuations thereof, and obtaining required
approvals of regulatory authorities. The Company's actual results, performance
or achievements could differ materially from those expressed in, or implied by,
these forward-looking statements and, accordingly, no assurances can be given
that any of the events anticipated by the forward-looking statements will
transpire or occur, or if any of them do so, what benefits that the Company will
derive there from. Readers are cautioned that the foregoing list of factors is
not exhaustive. Additional information on these and other factors that could
affect the Company's operations and financial results are included in reports,
including the Company's annual information form for the financial year ended
December 31, 2010, on file with Canadian securities regulatory authorities and
may be accessed through the SEDAR website (www.sedar.com). All subsequent
forward-looking statements, whether written or oral, attributable to the Company
or persons acting on its behalf are expressly qualified in their entirety by
these cautionary statements. Furthermore, the forward-looking statements
contained in this news release are made as at the date of this news release and
the Company does not undertake any obligation to update publicly or to revise
any of the included forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required by applicable
securities laws. 


BOE may be misleading, particularly if used in isolation. A BOE conversion of 6
Mcf: 1 bbl is based on an energy equivalency conversion method primarily
applicable at the burner tip and does not represent a value equivalency at the
wellhead.


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

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