SOURCE: Bayport International Holdings, Inc.

November 06, 2013 05:42 ET

Bayport International Holdings, Inc. Announces Acquisition of Royalty Interest in Baker 1H Unit Gas Well

TULSA, OK--(Marketwired - Nov 6, 2013) - Bayport International Holdings, Inc. (OTC Pink: BAYP) Acquisition of Royalty Interest in the Baker 1H Gas Well. Details on well are as follows:

Baker 1H Gas Well, 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 August 2013 production number per MCF is 1,821.380.

Update to 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. We are now 50% through the process and all 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.

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.

Management of Bayport International Holdings, Inc. would like shareholders to know "We are just getting started" with interesting and exciting times ahead for our shareholders and Bayport International Holdings, Inc.

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.

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.

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