Bayport International Holdings, Inc. Enters into Asset Purchase Agreement with Sylios Corp.
July 31 2014 - 1:44PM
InvestorsHub NewsWire
Bayport International Holdings, Inc. Enters into Asset Purchase
Agreement with Sylios Corp.
Bayport International Holdings, Inc. Enters into
Asset Purchase Agreement with Sylios
Corp.
TULSA, OK--(July 31, 2014) - InvestorsHub
NewsWire - Bayport International Holdings, Inc. (OTC Pink:
BAYP) (PINKSHEETS:
BAYP) -- Today we are pleased to announce that the Company has
entered into an Asset Purchase Agreement with Sylios Corp (f/k/a US
Natural Gas Corp).
On July 10, 2014, the Company entered into an
Asset Purchase Agreement with Sylios Corp for the purchase of
certain oil and gas properties located in Wayne County, West
Virginia. Included within the assets being purchased are 125 oil
and gas wells, testing facilities and a 22 mile gathering system
within 12,000 acres. The terms of the Agreement are being treated
confidential. The transaction is scheduled to close on or before
July 30, 2014. The filings will become public soon after the close
date.
Over the past 24 months Bayport International
Holdings, Inc. has strategically purchased acquisitions in the oil
and gas industry to increase production revenues and asset
evaluation. The following are some examples of our previous oil gas
acquisitions:
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.
Peck Lease, Gaines County, Texas.
BAYP owns 3.5 % Non-Participating Working Interest
(Royalty) only.
Trawick Gas Unit 21, (Trawick Gas
Field), Nacogdoches County, Texas. BAYP owns
Royalty Interest. 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. 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.
The operator is Schkade Bros. Operating
Company.
Baker 1H Gas Well, BAYP
owns Royalty Interest in Lease ID 263188 & API number
347-33238. 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.
Disclaimer: Pacific Equity
Alliance, LLC. is an Independent Investor Relations firm that
provides information on selected publicly trade d companies.
Pacific Equity Alliance, LLC. is not a United States Securities
Dealer or Broker or United States registered Investment Adviser.
This email letter and any and all attachments and related documents
are never considered to be solicitation for any purpose in any form
or content. Pacific Equity Alliance, LLC.'s Affiliates,
Officers, Directors and Employees will buy and sell shares in any
company mentioned herein and may profit in the event those shares
rise in value. Please do your own due diligence before investing in
any of the stocks mentioned above. Upon receipt of these documents
you, as the Recipient, hereby acknowledge this Warning and
Disclaimer. These Confidential communications are protected under
Gramm-Leach-Bailey Act 15 USC, Sub chapter 1, sections 6801-6809
and other laws addressing the disclosure of Non-Public Personal
Information.
CONTACT:
Investor
Investor Relations:
PACIFIC EQUITY ALLIANCE LLC
Investor Contact(s):
Zachary R. Logan / Drew S. Phillips
Contact phone:
858.886.7237
info@pacificequityusa.com
PACIFIC EQUITY ALLIANCE
LLC
www.pacificequityusa.com
858.886.7237
858.886.7238
Bayport (PK) (USOTC:BAYP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Bayport (PK) (USOTC:BAYP)
Historical Stock Chart
From Apr 2023 to Apr 2024