TULSA, OK, United States, via ETELIGIS INC., 09/30/2014 - - Bayport International Holdings (OTC Pink: BAYP) (PINKSHEETS: BAYP), along with its new wholly owned subsidiary E3 Petroleum Corp are pleased to announce the signing with a SEI energy, LLC to become purchaser of Gas and Crude as well as operate the new acquisition in Wayne County, West Virginia. As the company has many phases of the rework, completion and further production in plan, we would like to share the more immediate phases of operations.
Currently we are in phase one of production. We are initiating an aggressive swabbing program to work on thirty Gas wells on the 12,000 acres to increase our mcf range, afterwards our current rate of Mcf estimate to range from 150 to 200 Mcf per day. Phase two will consist of reworking and completing three oil wells on the property. We estimate after the rework and completion of each of the three Oil wells will deliver fifth teen or more bbls per day. We will share updates as we move forward on new phases of the Wayne County, West Virginia Oil Gas Project.
Properties are located in Wayne County, West Virginia. They Include 125 oil and gas wells, testing facilities and a 22 mile gathering system within 12,000 acres. Shareholders can view some of the legal documents here:
|Oil and Gas Exploration || ||Medicinal Cannabis Hemp Oil |
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Bayport International Holdings exploits various precious minerals and to acquaint the public with practical investment opportunities in strategic metals and minerals.
Bayport International Holdings Is a multi-faceted holding company with proposed operations in strategic metals and precious minerals and energy production. The company is primarily focused on precious metals, rare earth, and other critical strategic metals. Bayport International is developing mining properties with economic potential and the aim of bringing such properties to commercial production. The company’s portfolio of properties is primarily located in the western USA.
| ||BAYP is excited to announce the signing of a Letter of Intent with a cosmetic, safety and heath product manufacturer forming a joint venture to design and produce the first two in a line of hemp based products designed and manufactured exclusively for BAYP through its subsidiary Bayport Medicinal Research, Inc. We are currently working on packaging designs and finalizing product formulations. Once these products become ready for market, we will make them available thru our new e-commerce website and available for sale worldwide. Beta testing for the new ecommerce website will start immediately. Bayport is taking this approach due to the multibillion dollar industry that cannabis oil has become. |
President/Director: James L. Porter
Secretary/Director: Gina L. Porter
Director of Oil & Gas Division: Clay Franks
Oil & Gas Projects
Forrest County, Pennsylvania Prospect, Steffelbeam Lease
Bayport International Holdings, Drilling permit 1, 2, 3 & 4 Steffelbeam Lease. Pictures are from actual drilling project.
Gaines County Texas Project
The wells are located within Section 372, Block “G”, Gaines County, Texas.
The Peck “A” lease covers 320 acres. Last stage of development to full production as of May.
Forest County, Pennsylvania Prospect, Milford Lease
Bayport International Holdings, Inc. has Interest in drilling permit 38 Milford Lease. Pictures are from actual spud.
Gaines County Texas Project
The wells are located within Section 372, Block “G”, Gaines County, Texas. The Peck “A”
Lease covers 320 acres. Last stage of development to full production as of May.
The main focus of Bayport International Holdings, Inc. is our mining projects. These include the WOW, Spring Sage, and Gilded Lady mining projects.
Mine Safety and Health Administration (MSHA) ID Numbers and Verification:
MHSA Mine ID for WOW: Registration Submitted/Pending ID #
MHSA Mine ID for Spring Sage: Registration Submitted/Pending ID #
MHSA Mine ID for Gilded Lady: 42-02577
About the WOW, Spring Sage, & Gilded Lady Claims
These claims can be found within the U.S. Department of the Interior Bureau of Land Management (BLM) database under the BLM’s Land & Mineral Legacy Rehost 2000 System (LR2000) for Utah under Bayport International’s subsidiary Cosmic American Rare Earth (CARE), Inc.
The WOW, Spring Sage, and Gilded Lady claims are all located in Sage Valley within the Salt Lake Meridian Township in Juab County. All of these claims are volcanic placer deposits which allows for a more simple process of mining to be executed versus lode mining. The WOW claims account for 120 acres; the Spring Sage Claims account for 640 acres; and the Gilded Lady Claims account for 168.44 acres.
For further data regarding these claims, please see the attached assay reports and the Utah Geological Surveys that was completed by Advanced Laboratories, Inc., by Enviropro Laboratories, and Chemix Labs respectively.
Although respectable levels of rare earth elements (REE’s) were found in a few samples from the claims, what we considered a significant amount of gold was found in Sample Number S-29 from and assay that was done by Advanced Laboratories, Inc. under LAB NO. 30255-01 that reflected .324 ounces of gold per ton. Sample Number S-29 was considered taken from the WOW claim, but due to the close proximity of this sample being directly adjacent to the Spring Sage and Gilded Lady, the quality of the sample suggests this gold assay and other reports to be consistent throughout the entire area as of result of being volcanic placer deposits.
Silver and platinum were also present within this assay report, returning .277 and <.005 ounces per ton respectively that we believe can be extracted at the same time as the gold extraction. To add, an Environmental Analysis was done by Enviropro Laboratories on Sample Number S-29 where the Analytical Test Results reflected a respectable amount of Titanium at 8430 ppm per ton within its magnetite sample.
Bayport International’s Assays and Geological Surveys
Significant Rare Earth Elements (REEs) Confirmation
Link to the BLM site for WOW and Spring Sage claims:
Tidwell Falls (Happy Jack) Claim
Tidwell Falls (Happy Jack) Claim Report
Per Ungagged Transfer Agent:
Pacific Stock Transfer Co.
4045 S. Spencer Street
Las Vegas, NV 89119
|Shares Outstanding ||230,424,402 ||a/o Feb 27, 2015 |
|Float ||55,009,902 ||a/o Feb 27, 2015 |
PACIFIC EQUITY ALLIANCE LLC
Zachary R. Logan / Drew S. Phillips
PACIFIC EQUITY ALLIANCE LLC
Bayport International Holdings, Inc.
7633 E. 63rd Place
Tulsa, OK 74113
Telephone: (918) 459-4563