Bayport International Holdings, Inc. (BAYP) Announces Completion of the Brown Lease in McIntosh County, Oklahoma
(firmenpresse) - TULSA, OK -- (Marketwired) -- 12/18/14 -- Bayport International Holdings, (OTC PINK: BAYP) is pleased to announce the completion of Well 5 with ranges of 80 to 100 mcf per day. Well 2 should have the final completion and testing ranges of mcf per day to announce shortly. The Brown lease project is part of JV entered into with Downhole Energy, LLC. to operate and produce such wells.
Bayport has become cash flow positive as a small public company in the last two quarters of 2014, at the same time reducing overhead. Management would like shareholders to know, with the upcoming acquisitions and fulfillment of an aggressive oil and gas acquisition plan, we will continue to add toward our bottom line in revenues and cash flow status.
Bayport is finishing our 2013 audits and have already started on our 2014. We have finished 2012 and will be filing a Super 8 k to become fully reporting.
Bayport will update to reflect the new changes and updates. We are looking forward to a great and prosperous 2015. Bayport is very excited to JV with another Oil & Gas Company such as Downhole Energy, LLC.
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Datum: 18.12.2014 - 12:08 Uhr
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News-ID 1326357
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