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Bayport International Holdings, Inc. Announces Acquisition of Oil and Gas Interest in Pike County, Mississippi.
Bayport International Holdings, Inc. Announces Acquisition of Oil and Gas Interest in Pike County, Mississippi..
About this update from Bayport International Holdings, Inc.
[{"type":"text","content":"Bayport International Holdings, Inc. Announces Acquisition of Oil and Gas Interest in Pike County, Mississippi.\n \nBayport International Holdings, Inc. (PINKSHEETS: EXTO. Today they are pleased to announce the acquisition of an oil gas producing interest in Pike County Mississippi.\nThe PRODUCING Interest acquired in Pike County, Mississippi is in the McComb Field, McComb Unit 10-3. The operator is Denbury Resources, Inc. Pike County, Mississippi also is part of the Tuscaloosa Marine Shale. A 1998 report by LSU’s Basin Research Institute estimated the Tuscaloosa Marine Shale might hold over 7 billion barrels of oil.\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 has been worked out so that it reduces the major impact on dilution that is seen so common in the pink sheets market. \nManagement also clearly understands the need for diversification and to bring producing properties on board for the the company operations.\nThis acquisition and the Jones County, Texas interest are part of a package deal. We will release all pertinent information once we complete all the transactions. We are obligated to keep shareholders informed of these transactions as they go forth.\n \nAbout Bayport International Holdings, Inc.\nBayport 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.\nwww.BayportInternational.com\n \nCautionary Note Regarding Forward-Looking Statements\nThis press release and the statements of representatives of Bayport International Holdings, Inc. (the \"Company\") related thereto contain, or may contain, among ...