The Cook Ranch Lease Drill Project is a 160 acre oil and gas
lease, with an existing Dutcher oil and gas well drilled to a total
depth of 2,825 feet. The well was completed in 1982 by the
Marshall R. Young Oil Co. The Cook Ranch lease is situated in
Section 10, Township 12 North, Range 10 East, in Okfuskee County,
Oklahoma.
The Cook Ranch #10-15 well has multiple oil and gas shows in the
Dutcher formations as evidenced by OCC completion reports. The
Cook Ranch #10-15 well initial production was 53 BOPD and 89
MCFGPD. The Cook Ranch #10-15B was completed in the Booch
formation. The Cook Ranch #10-15B well initial production was
45 BOPD as shown in the OCC completion report. With the
current averages being paid for oil and gas makes this prospect
very attractive. We anticipate that these prices will return
our initial investment in 18 - 24 months, and have a 6 to 1 return
on investment over the life of the well.
Audit Update:
Bayport International Holdings, Inc. is still actively involved
with M & K CPAS, PLLC of Houston Texas to complete audits of
our 2012, 2013 and 2014 and first quarter of 2015. We have
completed all of the financial auditing, and are working to
complete the reserve reports as required by the SEC. Once SEC
Fully Reporting status is achieved, we will submit the proper
paperwork to migrate to the OTC-QB tier.
About M&K CPAS, PLLC
M&K CPAS, PLLC, is a full-service CPA firm in Houston
serving the audit, financial reporting and tax needs of growing
micro and small-cap publicly traded companies across the U.S. and
worldwide, as well as a wide range of privately held
companies. They also offer personal tax services and
consulting solutions.
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
Oklahoma, Texas, and Pennsylvania.
www.BayportInternational.com
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements about our
business or financial condition and prospects that reflect our
assumptions and beliefs based on information currently available.
We can give no assurance that the expectations indicated by such
forward-looking statements will be realized. There may be other
risks and circumstances that we are unable to predict. When used in
this news release, words such as "believes," "expects," "intends,"
"plans," "anticipates," "estimates" and similar expressions are
intended to identify forward-looking statements, although there may
be certain forward-looking statements not accompanied by such
expressions. 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 could differ materially
from those anticipated in these forward-looking statements as a
result of a variety of factors, including risks discussed in the
company's periodic reports that are filed with the Securities and
Exchange Commission and available on its website (www.sec.gov). All forward-looking statements
attributable to the Company or to persons acting on its behalf are
expressly qualified in their entirety by these factors other than
as required under the securities laws. The Company does not assume
a duty to update these forward-looking statements.