Bayport International Holdings, Inc. Update to Oil & Natural Gas Interest
TULSA, OK -- (Marketwired) -- 12/06/13 -- 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
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
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
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.
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:
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