Bayside Corp. Announces Joint Venture with C-Trade Group, for Heavy
Fuel Oil Exports
DALLAS, July 24, 2013 /PRNewswire/ -- Bayside Corp. (OTC:
BYSD) an energy exploration, development and production company
today announced a joint venture with C-Trade Group, Inc. a
petroleum logistics trade and finance company for heavy fuel oil
exports.
Under the agreement C-Trade Group, Inc. will help to provide
financing and contract support in the form of monthly bank
guarantees in the amount of $160,500,000 for international heavy fuel oil
exports.
Additionally, the C-Trade Group and Bayside Corp. have
previously worked together successfully under a joint venture
financing agreement for the redeveloping of existing oil fields
using today's technology to restore and access more production from
wells that were drilled 30 plus years ago.
Gordon Johnson was quoted as saying,
"We are pleased to be able to partner with the C-Trade Group once
more to continue our efforts to expand our revenue base."
About Bayside
Bayside Corporation is an energy exploration, development and
production company building oil & gas reserves and
production in some of the most prolific hydrocarbon bearing regions
of the United States. The Company
specializes in the business of reworking &
re-completing 'marginal' oil & gas wells located in the
thousands of mature oil & gas producing fields across much of
the United States.
For additional information on the Company visit our website
at: http://baysidepetroleum.com/
Safe Harbor Statement
This press release may contain projections and other
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Act of 1934, as amended, and are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Any such projections or statement reflect the
company's current views with respect to future events and financial
performance. No assurances can be given, however, that these events
will occur or that such projections will be achieved and that
actual results could differ materially from those projected.
Important factors that could cause actual results to differ from
those projected are decreases in oil and gas prices or decreases in
oil and gas production. The company's actual results could differ
materially from those discussed herein. Forward-looking
statements are subject to risks and uncertainties, including, but
not limited to, government regulation, taxation, spending,
competition, general economic conditions and other risk factors
which could cause actual results to differ materially from those
projected or implied in the forward-looking statements.
SOURCE Bayside Corp.