Bayport International Holdings Inc. (BAYP)

[DragonBear]

BAYP's Staffebeam project is east of there.

Before throwing puppies and kittens into the air, it's really Costal Petrolium Corp (CPC) project, which BAYP paid an unknown amount for to gain a 3.75% NRI.

Shall we figure out what that means to BAYP for 2015 revenue? Back in 2013 the flow rate for oil was almost 20/bbl oil per day. Let's be kind to potential BAYP revenue. Assume an ave oil price of $55 for 2015: $55/bbl*20bbl/d*365 d = $401.5K. BAYP's 3.75% cut: $15K.

Note we have no idea as to the daily cost for production. Only that BAYP pays for 5% of it. Subtract off some amount from the $15K. Then there is the problem of the initial 20 bbl/d. Frac wells go down anywhere from 50-90% initial flow rates during the first year. Might want to cut the kind revenue figure of $15K/yr down to $7.5K for 2015. Where are those puppies and kittens at? LOL

Too bad BAYP didn't think it was important enough to tell SHs what they paid for that 3.75% NRI when oil prices were still averaging around $90. How much would a CPC have sold a 3.75% NRI for with oil at that price? Maybe $150K? Now plug $15K/yr (or is it $7.5K) into that figure, to figure out how many years till break even. As in accumulated SH deficit.

So while BAYP has played the game of obtaining a few percent interest here and there for PR pumps, what was the net income in the last OTC filing? Wasn't it sort of ... red? Guess that $7.5K per interest doesn't go too far after management gets paid. Oh well, they can just dump more stock to retail.