Bayport International Holdings, Inc. Oil and Gas Acquisition
Holdings, Inc. Announces Acquisition of Oil and Gas
Bayport International Holdings, Inc.
(PINKSHEETS: EXTO. Today they are pleased to announce the
acquisition of an oil gas producing interest in Jones County
According to the Texas Railroad Commission
for Jones County, Texas. The county has produced about 560,303 BBL
and 347,546 Natural
Gas (MCF) in the year 2012. The high average in Jones County
Texas per well is 10,000 to 50,000 barrels of recoverable oil
per well. Many Properties in the area have been part of a of an
aggressive drilling program with many majors.
The details of the well and location as
well as the interest acquired will be announced within the next few
weeks. The company understands the need for diversification in
these times. Bayport intends to acquire many producing properties
in the oil and gas industry with little to no reflection on the
share structure. Special financing is being worked out so that it
will reduce the major impact on the dilution that is seen so common
in the pink sheets market.
Management also clearly understands the
need for diversification and to bring producing properties on board
for the the company operations.
About Bayport International Holdings,
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.
Cautionary Note Regarding Forward-Looking
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