Business
Bayport International Holdings, Inc. Oil and Gas Acquisition
Bayport International Holdings, Inc. Oil and Gas Acquisition.
About this update from Bayport International Holdings, Inc.
[{"type":"text","content":"Bayport International Holdings, Inc. Announces Acquisition of Oil and Gas Interest.\n \nBayport International Holdings, Inc. (PINKSHEETS: EXTO. Today they are pleased to announce the acquisition of an oil gas producing interest in Jones County Texas.\nAccording 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.\nThe 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. \nManagement also clearly understands the need for diversification and to bring producing properties on board for the the company operations.\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 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-lookin...