Bowood Announces Commencement of a Second Alberta Bakken Well and Armada Success

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") is pleased to
announce that the drilling rig has now moved on to its second well in the
southern Alberta Bakken fairway. Bowood anticipates that the well will spud on
July 22, 2011. The Kipp 8-30 horizontal well, licensed as LGY KAINAI BOWOOD HZ
KIPP 8- 30 -8-23W4, is being drilled by Legacy Oil + Gas Inc. from a surface
location in 15-20-8-23W4 with the horizontal portion of the well expected to
terminate in 8- 30 -8-23 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. Drilling is expected to take six to eight weeks. 


Completion operations and evaluation of the Spring Coulee 3-36-3-23W4 horizontal
well, also in the Alberta Bakken fairway, which were delayed due to weather and
equipment delays are expected to resume shortly, with the second phase of
fracture stimulation. 


Armada Update

The Company recently drilled two (net 1.25) wells at Armada, Alberta which have
both been cased. The first well has been fracture stimulated and has tested
natural gas on cleanup at rates in excess of 1.5 MMCF/d. The well is anticipated
to be tied in during the third quarter of 2011. Due to third party gathering
system constraints, the well will be brought on production at a curtailed rate
of approximately 1 MMCF/d (150 boe/d net). The second well has been cased and is
awaiting completion.


About Bowood Energy Inc.

With operations based in Calgary, Alberta, 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 Bakken properties; (ii) expectations regarding the Company's
production rates, including production rates of the Armarda wells; (iv)
expectations regarding the completion and evaluation of the Company's wells; and
(v) expectations regarding the spudding, drilling and completion 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.


Bowood Energy Inc. was 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
updated corporate presentation please visit our website at:
http://www.bowoodenergy.ca.