Bayport International Holdings, Inc. Shareholder Update & Oil & Natural Gas Interest Update.
TULSA, OK--(February 6, 2014) - 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, non-producing Interest and pertinent information for shareholders and future investors. In 2013 the company focused on oil & gas prospects. Bayport went to revenue generating in the later part of 2013. Once the company accomplished the first goal of becoming revenue generating, we can now start the second phase of growing a productive, revenue generating company. The next business step will be to compound on our success, Bayport will make many Oil & Gas acquisitions throughout 2014 to improve on shareholder value. This includes but not limited to, Oil & Gas acquisitions on current production and non-production leasehold for future development to bring more proven revenue streams into Bayport for shareholder value to increase. This also includes bringing the company and shareholders to a higher tier of trading and value. Below is a current list of current production and non-producing interest. As well as current information on the tier change and audit financials.
Tier Status Information:
Form 10 and Audit completion. We have been working towards SEC Fully Reporting Status and OTC:QB up listing. The process is going very well, the company has already funded this process and expects to achieve fully reporting status shortly. Shareholders and future investors are free to contact the company for any update.
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 promptly provide the requested information.
Current Interest Information:
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 formations.
Steffelbeam Lease, Forest County Pennsylvania. Company 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 1900.17 BBLS. We are very pleased with the outcome and success we are having in these oil rich fields. Operator is Coastal Petroleum Corporation.
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. (Note: There are multiple leases under this unit Bayport owns interest in). Production rate in MCF is in the multiples of millions. 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. From December 2006 to November 2013 total production number per MCF is 536,155.
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 Company. Since January 1993 to November 2013 total production oil number of bbls is 59,694.
Baker 1H Gas Well,Carthage (Haynesville Shale) 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 November 2013 total production number per MCF is 1,890,974.
Bayport has not lost any interest in these properties, as matter of company due diligence and transparency; Bayport has gained Interest in several prospects and revenue asset valuation. We plan to aggressively build on the oil and gas portfolio to bring shareholder value. Bayport will release more information as needed in February to update shareholders and keep in compliance.
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.
www.BayportInternational.com
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:
Briggs Smith
813-438-5225
info@olibrigroup.com