Business
Bayside Corp. Announces Joint Venture with C-Trade Group, for Heavy Fuel Oil Exports
Bayside Corp. Announces Joint Venture with C-Trade Group, for Heavy Fuel Oil Exports.
About this update from Bayside Corp.
[{"type":"text","content":"\n\n\n\n\n\n\n\nBayside Corp. Announces Joint Venture with C-Trade Group, for Heavy Fuel Oil Exports\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\nBayside Corp. Announces Joint Venture with C-Trade Group, for Heavy Fuel Oil Exports\n\nBayside Corp. creates financing joint venture for $160,500,000 in monthly heavy fuel oil export bank guarantees and contract structuring.\n\nPR Newswire\n\nDALLAS, July 24, 2013\n\n\n\n\n\n\n\nDALLAS, July 24, 2013 /PRNewswire/ -- Bayside Corp. (OTC: BYSD) an energy exploration, development and production company today announced a joint venture with C-Trade Group, Inc. a petroleum logistics trade and finance company for heavy fuel oil exports. \n\n\nUnder the agreement C-Trade Group, Inc. will help to provide financing and contract support in the form of monthly bank guarantees in the amount of $160,500,000 for international heavy fuel oil exports. \n\n\nAdditionally, the C-Trade Group and Bayside Corp. have previously worked together successfully under a joint venture financing agreement for the redeveloping of existing oil fields using today's technology to restore and access more production from wells that were drilled 30 plus years ago. \n\n\n\nGordon Johnson was quoted as saying, \"We are pleased to be able to partner with the C-Trade Group once more to continue our efforts to expand our revenue base.\"\n\n\n\nAbout Bayside\n\n\n\nBayside Corporation is an energy exploration, development and production company building oil & gas reserves and production in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing 'marginal' oil & gas wells located in the thousands of mature oil & gas producing fields across much of the United States.\n\n\nFor additional information on the Company visit our website at: http://baysidepetroleum.com/\n\n\n\nSafe Harbor Statement \n\n\nThis press release may contain projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of...