Bayport International Holdings, Inc. Update to Oil & Natural
Gas Interest
TULSA, OK--(Marketwired - Dec 6, 2013) - Bayport International
Holdings, Inc. (OTC Pink: BAYP) We would like to update our
shareholders with interest held by BAYP. The following is a list of
producing wells which Bayport International Holdings, Inc. has
several different types of interest in.
Steffelbeam Lease, Forest County Pennsylvania. BAYP owns 5.0% WI
and 3.75% NRI in four individual wells, permit numbers 1,2,3 and 4.
Steffelbeam Lease has been in production since 8-3-2013 and has
produced a total of 2309.45 BBLS. We are very pleased with the
outcome and success we are having in these oil rich fields. We
completed this purchase through Downhole Energy, LLC. In Rockwall
Texas. Operator is Coastal Petroleum Corporation.
Peck Lease, Gaines County, Texas. BAYP owns 3.5 % Non
Participating Working Interest (Royalty) only. The wells are
located within Section 372, Block "G", Gaines County, Texas. The
Peck "A" lease covers 320 acres in the prolific Permian Basin,
Devonian and San Andres formations.
Trawick Gas Unit 21, (Trawick Gas Field), Nacogdoches County,
Texas. BAYP owns Royalty Interest. Info on the wells can be found
on the Texas Railroad Commission website. The operator for this
unit is the Exxon Mobil Corporation.
Star Duster No. 1 Gas & Oil Well, Nacogdoches County, Texas.
BAYP owns Royalty Interest. Lease ID 225303 Info on the wells can
be found on the Texas Railroad Commission website. The operator for
this unit is the Sonerra Resource Corporation.
J. H. Wade Oil Well Field Name (PHANTOM LAKE (TANNEHILL) Jones
County, Texas. BAYP owns Royalty Interest & Overriding Royalty
Interest. Lease ID 11407 Info on the wells can be found on the
Texas Railroad Commission website. The operator is Schkade Bros.
Operating Company.
Baker 1H Gas Well, BAYP owns Royalty Interest in Lease ID 263188
& API number 347-33238 per Texas Railroad Commission. Operator
is Eog Resources, Inc. The field name is Hayneville Shale, a major
natural gas field in the United States located in the East Texas
region. Since November 2011 to August 2013 production number per
MCF is 1,821.380.
Future Oil Gas &
Developments
Scott Lease, Venango County, Pennsylvania. LOI in place. We are
working with Downhole Energy, LLC. In Rockwall Texas to complete
this contract. Interest is for 15.0% WI and 11.25% NRI to be
acquired in each of the five wells, permit numbers 1,2,3,4 and 5.
The Lease is approximately 52 acre lease is on the Scott Lease
north east of the town of Oil City, Pa.
Peck Lease, Gaines County, Texas. We are in negotiations and
evaluating our situation in Gaines County Texas. Recenty, positive
developments have arisen for larger participation in this Peck
Lease and other geographical locations in Gaines Co. Texas.
Management will release further information first part of January
2014 or sooner.
Updates on the several other wells Bayport International
Holdings, Inc. has Interest in will be released shortly. We want to
keep our shareholders up to date and the company transparent with
operations as possible. Our acquisitions have been successful thus
far in the Oil, Gas and Energy industry. We look forward to
prosperous growth with our shareholders.
We would like to also update our shareholders on the progress of
the Audit and Form 10 completion. In the last several weeks we
have been working towards SEC Fully Reporting Status and OTC:QB up
listing. It is our understanding that the process is going
well, and we expect to achieve Fully Reporting Status before the
end of the 4th quarter.
We have supplied our attorney with business plan, Industry
Standard Asset Questionnaire, Articles of Incorporation, Bylaws,
Meeting Notes and Amendments. Our auditor has received 3 years
bank statements, digital financial documentation, permission forms
to speak to all associated banks, transfer agent and other
financial institutions, mining bonds, asset valuations, and a
series of receipts and invoices for cash payment support. As
they request additional documentation we will promptly provide the
requested information.
About Bayport International Holdings, Inc.
Bayport International Holdings, Inc. is a company formed to
exploit the various precious minerals in the U.S. to acquaint the
public with practical investment opportunities in strategic metals
and minerals. Bayport International Holdings, Inc. is primarily
focused on precious metals, rare earth, and oil and gas ventures.
Bayport International Holdings, Inc. is developing mining and oil
and gas properties with economic potential with the aim of bringing
such properties to commercial production. The company's portfolio
of properties is primarily located in the prolific western USA in
Utah and Texas.
www.BayportInternational.com
Cautionary Note Regarding Forward-Looking Statements
This press release and the statements of representatives of
Bayport International Holdings, Inc. (the "Company") related
thereto contain, or may contain, among other things,
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements, other
than statements of historical fact included herein are
"forward-looking statements," including any other statements of
non-historical information. These forward-looking statements are
subject to significant known and unknown risks and uncertainties
and are often identified by the use of forward-looking terminology
such as "guidance," "projects," "may," "could," "would," "should,"
"believes," "expects," "anticipates," "estimates," "intends,"
"plans," "ultimately" or similar expressions. All forward-looking
statements involve material assumptions, risks and uncertainties,
and the expectations contained in such statements may prove to be
incorrect. Investors should not place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. The Company's actual results (including, without
limitation, Bayport's ability to advance its business, generate
revenue and profit and operate as a public company) could differ
materially from those stated or anticipated in these
forward-looking statements as a result of a variety of factors,
including factors and risks discussed in the periodic reports that
the Company files with OTC Markets (Pink Sheets). All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. The Company undertakes no duty to update these
forward-looking statements except as required by law.
Investor Relations Contact: Briggs Smith 813-438-5225
info@olibrigroup.com
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