This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Bayport International Holdings, Inc. Announces Acquisition Of Oil And Gas Interest In Nacogdoches County, Texas

LAS VEGAS, Feb. 19, 2013 /PRNewswire/ -- Bayport International Holdings, Inc. (OTCPINK: EXTO) is pleased to announce the acquisition of an oil and gas producing interest in Nacogdoches County Texas.

The PRODUCING Interest acquired in Nacogdoches County, Texas is in the Trawick Gas Field, Trawick Gas Unit 21. The operator for this unit is the Exxon Mobil Corporation.

Discovered in 1949, the Trawick Gas Field is located on a gently dipping, salt-colored dome.  Redeveloped in 2001, the Trawick Gas Field is considered to be one of the premier gas and oil locations in East Texas.

The primary production areas of the Trawick Gas Field are Travis Peak, Pettit and James Lime.  In 2005, 32 wells were completed in the James Lime, with total daily gas production exceeding 60 MMscfg/D.  Travis Peak started to be redeveloped in 2006.  Minor production intervals include the Haynesville, Cotton Valley and Rodessa.  Cotton Valley and Travis Peak are sandstone formations, while the remaining locations are carbonates.

The details of the well and the interest acquired will be announced in the near future. The company understands the need for diversification in these times. Bayport intends to acquire many producing properties in the oil and gas industry with little to no reflection on the share structure. Special financing is being worked out so that it reduces the major impact on dilution that is seen so common in the pink sheets market.

Management also clearly understands the need for diversification and to bring producing properties on board for the company operations.

This acquisition, the Pike County, Mississippi interest and the Jones County, Texas interest are part of a package deal. We will release all pertinent information once we complete all the transactions. We are obligated to keep shareholders informed of these transactions as they go forth.

About Bayport International Holdings, Inc.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,001.03 +288.37 1.63%
S&P 500 2,084.98 +23.96 1.16%
NASDAQ 4,939.14 +47.9210 0.98%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs