Bayside Corp. Receives Heavy Fuel Oil Purchase Orders for 1,200,000 M/T Annually
Bayside Corp. receives $1,900,000,000 annual purchase order for heavy fuel oil exports
PR Newswire
DALLAS, July 23, 2013
DALLAS , July 23, 2013 /PRNewswire/ -- Bayside Corp. (OTC: BYSD) today announced that the company has been awarded a purchase order to supply 3,600,000 Metric tons of heavy fuel oil exports annually.
Additionally, the order represents approximately $160,500,000 in gross revenues every month for the next thirty-six months. Heavy fuel oil exports is the first step in the company's long-term expansion plans to develop its oil and natural gas business in the international marketplace.
Gordon Johnson , Chairman of Bayside Corp., was quoted saying, "we are thrilled to expand our revenue base with international heavy fuel oil export orders." Furthermore, the contractual finalization of the purchase orders and the heavy fuel oil exports is expected to be completed within the next 30 days.
About Bayside
Bayside 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 .
For additional information on the Company visit our website at: http://baysidepetroleum.com/
Safe Harbor Statement
This press release may contain projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such projections or statement reflect the company's current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that such projections will be achieved and that actual results could differ materially from those projected. Important factors that could cause actual results to differ from those projected are decreases in oil and gas prices or decreases in oil and gas production. The company's actual results could differ materially from those discussed herein. Forward-looking statements are subject to risks and uncertainties, including, but not limited to, government regulation, taxation, spending, competition, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements.
SOURCE Bayside Corp.
