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Bayport International Holdings, Inc. Announces 2nd Acquisition of Oil and Gas Interest in Nacogdoches County, Texas
Bayport International Holdings, Inc. Announces 2nd Acquisition of Oil and Gas Interest in Nacogdoches County, Texas.
About this update from Bayport International Holdings, Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\nBayport International Holdings, Inc. Announces 2nd Acquisition of Oil and Gas Interest in Nacogdoches County, Texas\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nBayport International Holdings, Inc. Announces 2nd Acquisition of Oil and Gas Interest in Nacogdoches County, Texas\n\nPR Newswire\n\nLAS VEGAS, Nev., Feb. 20, 2013\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n \n\n\nLAS VEGAS, Nev., Feb. 20, 2013 /PRNewswire/ -- Bayport International Holdings, Inc. (OTCPINK: EXTO) today are pleased to announce another acquisition of an oil gas producing interest in Nacogdoches County Texas.\n\n\nThe PRODUCING royalty Interest acquired in Nacogdoches County, Texas, is under the Star Duster No. 1 well. To date it has produced 485,182 MCF. The operator is Sonerra Resource Corporation. We would like to diversify the oil & gas acquisitions now and in the future. Even though our main focus will be on acquisitions of strong producing mineral and royalty interest under these oil wells, there is always a need for natural gas production. We plan to acquire interest in both. \n\n\nThe paperwork and closing documents will be filed within the next thirty days at the appropriate places, such as the deed recording offices of the residing County and State for public view. We also will put some of these links on our website.\n\n\n\n \n\n\nThe details of the well and the interest acquired will be announced in the near future. 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 reduces the major impact on dilution that is seen so common in the pink sheets market. \n\n\n\n\nManagement also clearly understands the need for diversification and to bring producing properties on board for the the company operations. We will provide an update on the mining properties in Utah as well.\n\n\n\n\nThis acquisition, the Nacogdoches, Texas, Pike County, Mississippi and the Jones County oil pro...