$BAYP..4:03 pm Bayport International Holdings, Inc. Update=>=> to Oil & Natural GasInterest
Oct 29, 2013 16:03:05 (ET)
TULSA, OK, Oct 29, 2013 (Marketwired via COMTEX) -- 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.
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.
Scott Lease, Venango County, Pennsylvania. LOI in place. Interest is for 15.0% WI and 11.25% NRI to be acquired in each of the five wells, permit numbers 1,2,3,4 and 5. The approximately 52 acre lease is on the Scott Lease north east of the town of Oil City, Pa.
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. 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.
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.
Updates on the several other wells Bayport International Holdings, Inc. has Interest in will be released shortly. We want to keep our shareholders up to date and the company transparent with operations as possible. Our acquisitions have been successful thus far in the Oil, Gas and Energy industry. We look forward to prosperous growth with our shareholders.
We would like to also update our shareholders on the progress of the Audit and Form 10 completion. In the last several weeks we have been working towards SEC Fully Reporting Status and OTC:QB up listing. It is our understanding that the process is going well, and we expect to achieve Fully Reporting Status before the end of the 4th quarter.
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 will promptly provide the requested information.
Oct 29, 2013 16:03:05 (ET)
TULSA, OK, Oct 29, 2013 (Marketwired via COMTEX) -- 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.
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.
Scott Lease, Venango County, Pennsylvania. LOI in place. Interest is for 15.0% WI and 11.25% NRI to be acquired in each of the five wells, permit numbers 1,2,3,4 and 5. The approximately 52 acre lease is on the Scott Lease north east of the town of Oil City, Pa.
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. 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.
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.
Updates on the several other wells Bayport International Holdings, Inc. has Interest in will be released shortly. We want to keep our shareholders up to date and the company transparent with operations as possible. Our acquisitions have been successful thus far in the Oil, Gas and Energy industry. We look forward to prosperous growth with our shareholders.
We would like to also update our shareholders on the progress of the Audit and Form 10 completion. In the last several weeks we have been working towards SEC Fully Reporting Status and OTC:QB up listing. It is our understanding that the process is going well, and we expect to achieve Fully Reporting Status before the end of the 4th quarter.
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 will promptly provide the requested information.
