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By my calculations, if this company had no business other than 3.75% profits from oil well investments, and they bought into another well as soon as funds were availalbe, it would take 5 years to reach 100 wells. That would be only using proceeds from existing wells to buy new ones. No increase in debt. No 3rd party investors. That's not even counting initial oil production, which should be double what I used in calculations (so really, that 5 years should be more like 3). With 100 wells, BAYP would be bringing in $3,750 per day in pure profit, or $1.37 million per year. Within those 5 years I imagine something will be done with the mining claims, as well as the gas side of business, further increasing profits.
Obviously, we are all hoping they find some other way to escalate business so we don't have to wait 5 years, but I see this as low of a risk as you can find for a penny stock. I don't see how I can lose money here.
For all of 2012, there are 11 wells on record by Pennsylvania Oil and Gas with reported production levels in the Milford Farm of Forest County. They are all operated by Cougar Energy. Each well is reported at 56.18 Bbl. These are for conventional wells, which must already be in existance because I only found 1 Spud in 2012 for Forest county, Milford, on 5/7/2012. 56 was higher than most other counties on the list, but I'm not sure if I'm using this data correctly, the numbers all seem very low. Within Forest County, there are some Unconventional wells producing 1700 and 2100 Bbl in a 6 month time span (different operator, but still Forest county), which is about 10 or 11 Bbl per day.
There have been 81 permits issued in Forest county this year for oil wells, which is much higher than most of the other counties, so BAYP must not be alone in thinking there is oil there.
The PR expected 20 Bbl per day initially, so it's likely it could stabilize at 10 Bbl per day (as published by the other operator
). If so, that's $365k per year*3.75% pure profit = $13.7K per year, per well. So, we really need to know how many wells there will be. It doesn't sound like much, but multiply that by X wells, and figure in it's pure profit, it could add up quickly.
https://www.paoilandgasreporting.state.pa.us/publicreports/Modules/Production/ProductionByCounty.aspx
I'm all in.
I have just over 4 million shares now, which might not be much for a lot of you, but this is the most I ever invested in a stock before. It looks like such a sure thing, I couldn't resist adding at these levels.
Funds finally cleared. Took another 980k. It's a quiet day so far, but hopefully hitting the ask puts some pressure on others to buy before they miss out on these super low prices.
Cougar energy seems to be the only one putting in wells on the Milford lease. Someone mentioned before that Cougar was working for Coastal. There are 10 spud records from late Feb/early March.
So, is Cougar Energy the partner here? Cougar has spud 23 wells in PA since January 1st, and 52 wells since January 2012.
If I go back as far as Jan 1st, 2000. Cougar has spud 96 wells in PA. Didn't someone say BAYP could possibly be planning up to 100 wells in PA? Would they buy into existing wells, or do they plan to install up to 100 new wells?
www.depreportingservices.state.pa.us/ReportServer/Pages/ReportViewer.aspx?/Oil_Gas/Spud_External_Data
SPUD DATE
API / PERMIT
OGO #
OPERATOR
REGION COUNTY MUNICIPALITY FARM NAME
WELL TYPE
WELL STATUS LATITUDE LONGITUDE CONFIGURATION UNCONVENTIONAL
2/25/2013 053-30153 OGO-62540 COUGAR ENERGY INC EP DOGO NWDO Dstr Off Forest Harmony Twp MILFORD 65 OIL Active 41.571833 -79.473494 Vertical Well No
2/27/2013 053-30151 OGO-62540 COUGAR ENERGY INC EP DOGO NWDO Dstr Off Forest Harmony Twp MILFORD 46 OIL Active 41.572066 -79.475025 Vertical Well No
3/3/2013 053-30148 OGO-62540 COUGAR ENERGY INC EP DOGO NWDO Dstr Off Forest Harmony Twp MILFORD 43 OIL Active 41.575938 -79.472563 Vertical Well No
3/5/2013 053-30146 OGO-62540 COUGAR ENERGY INC EP DOGO NWDO Dstr Off Forest Harmony Twp MILFORD 40 OIL Active 41.574163 -79.470638 Vertical Well No
3/6/2013 053-30154 OGO-62540 COUGAR ENERGY INC EP DOGO NWDO Dstr Off Forest Harmony Twp MILFORD 66 OIL Active 41.575058 -79.470963 Vertical Well No
3/7/2013 053-30147 OGO-62540 COUGAR ENERGY INC EP DOGO NWDO Dstr Off Forest Harmony Twp MILFORD 41 OIL Active 41.575133 -79.472241 Vertical Well No
3/12/2013 053-30155 OGO-62540 COUGAR ENERGY INC EP DOGO NWDO Dstr Off Forest Harmony Twp MILFORD 67 OIL Active 41.573941 -79.472544 Vertical Well No
3/14/2013 053-30152 OGO-62540 COUGAR ENERGY INC EP DOGO NWDO Dstr Off Forest Harmony Twp MILFORD 64 OIL Active 41.573813 -79.473608 Vertical Well No
3/16/2013 053-30149 OGO-62540 COUGAR ENERGY INC EP DOGO NWDO Dstr Off Forest Harmony Twp MILFORD 44 OIL Active 41.574141 -79.475458 Vertical Well No
3/19/2013 053-30150 OGO-62540 COUGAR ENERGY INC EP DOGO NWDO Dstr Off Forest Harmony Twp MILFORD 45 OIL Active 41.572988 -79.475494 Vertical Well No
In the last PR, regarding the Milford lease, the PR reads....
"The acquisition of Interest is through Downhole Energy, LLC. in Rockwall Texas"
It appears that this Downhole Energy is only about 6 months old. It's a brand new company. So.... who are they? And what do they have to do with BAYP.
Do all brokers place a 3 day hold on new funds for penny stocks? or is Scottrade just dumb? I have to wait until Wednesday to add.
Working Interest and Net Revenue Interest.
I am no oil and gas expert, so I researched what exactly these are.
Correct me if I am wrong but, Working Interest means Bayport owns 5% of the well lease and is responsible for 5% of the operating costs.
Net Revenue Interest means Bayport collects 3.75% of the Revenue.
20 bbpd initially, so maybe 10 bbpd if it produces long term.
10bbpd x 365 days x $91.6 per barrel x .7 (would pumping stop for the winter?).
=$234,000 revenue x 3.75% NRI = $8,775 per year, minus 5% of the operating cost.
Since they will have a number of wells, I have to believe Bayport is making enough money to grow. I just don't know what that means for the share price.
Also, who has the other 95% ownership of the lease?
Gaines County Texas Project
Bayport International holdings, Inc. has interest in the wells 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.
How many triple zero stocks actually conduct real business? I wish I had the cash to average down. I play all stocks like I'm gambling.... expect to lose, but hope for a huge payout. I like my chances here. Although it's taking longer than I hoped, it's starting to look less like gambling and more like a smart investment.
Pics on website too.
http://bayportinternational.com/?page_id=32
How is this a sticky?
Obviously I know Exxon, but what does it mean to be the operator? What is there role in this?
I'm sorry but I know nothing of the Oil and Gas business
Bayport's website has stated for awhile now:
"Bayport has agreed in principle to combine the oil and gas divisions with that of a Texas oil & gas company to form a more complete division, combining landmen and field personnel with our own oil & gas team. Bayport will have an oil & gas field office in Diboll, Texas (between Dallas & Houston) which division will actively pursue leases and oil & gas drilling opportunities and will likewise pursue saltwater disposal well projects.
The only oil and gas operation that seems to pop up is Bwp in Diboll.
Is there any way to find out how big (or small) these guys are?
http://www.eliteexploration.com/b-w-p/
Isn't oil at about $100/bbl? So, $260k per year, using the max allowable per month, every month, for the whole year. Minus expenses. Am I missing something, or do you have an extra zero in there?
It sounds like a good PR, but is that it? Maybe the gas has better returns.
you missed the link "Bayport International’s Assays and Geological Surveys"
(51MB pdf file)
Also, "Significant Rare Earth Elements (REEs) Confirmation"
http://bayportinternational.com/?page_id=107
It's not 1 sample. It is several samples and taken from each claim.
Regarding AuRIC Laboratories, what is the general impression of these assay results? The website seems professional enough. Any reason to think these results are bogus? I don't see why the pps isn't moving on this news.
http://www.auriclabs.com/assays.html
Can anyone provide a recap of the CC? I was tied up with work and got on just in time to hear "that's all I have". There were about 35 people on the call. That's all I know.
I'll bite. Adding 415k
Website updated!
About Us
Bayport International Holdings, Inc. began in 2004. In 2010 that Bayport moved its corporate office to Las Vegas, Nevada. On July 7, 2011, Bayport International Holdings, Inc. took control of Exit Only, Inc., a Nevada public company. Currently Bayport is trading Over The Counter – Pink Sheets, under the symbol BAYP.
Bayport International Holding, Inc. is primarily made up of two distinct divisions. These divisions consist of the Mining Division and the Oil & Gas Division. The Food Processing Division and the Innovative Projects Division are part of future projects to be worked on. To learn more about these divisions, click on their perspective links within this website. More information will be added in the near future.
http://bayportinternational.com/?page_id=6
The Bayport website now redirects you to the new URL, BayportInternational.com
Website seems to be having some problems though.
OTCmarkets still lists it as Bayportcorporation.com
We gotta be close now.
after getting only a partial fill at ask, my remainder has been sitting at the bid for almost 2 hours now. maybe it's time to bump it to the ask. i would prefer to be done buying before the weekend
Just added. only took 60k shares to take out .0065. A little volume and this moves easily.
He did account for the private investor cut:
From reading through the company’s filings, the company will only get Net Profits of 25% of what is pulled out of the ground because of not having to account for any of the expenses to sure up the property and fund the Small Scale Mining Operations. So…
$48,600,000 x .25 = $12,150,000 of 100% Net Income per bond (NI) per 9 months
the valuation continues from those numbers.
and he also acknowledged......
What if the grade of .324 ounces of gold turns out to be 5 time less being a mere .0648 ounces of gold per ton?
Or what if the company instead of pulling out of the ground 350 tons of earth per day can only pull out 70 tons of earth per day?
This is his own opinion based on the information available. What more can you ask of a person?
Thank you very much for the explanation!
so there will still be 3 seperate entities? Bayport, ICBS, and Canwealth? but Canwealth will now be (prob 51%) equally owned by Bayport and ICBS?
That makes more sense. Based on some other info i read, it sounded like ICBS and Bayport would become one, but guess that's not the case, which is good IMO
Regardless of Canwealth's value, for me this verifies Bayport's claims and shows they really do have valuable assets in those properties. (as if they assays were not enough).
That is what I don't understand. Why would they merge equally if Bayport is so much better.
"The two companies will form a new corporation that will be owned equally by both Bayport and ICBS"
ahh my fault. i read a post that was misleading. not a merger, just a co-op effort
*edit, guess this is where it came from. Straight from the PR
The two companies will form a new corporation that will be owned equally by both Bayport and ICBS
If the ICBT board is correct, ICBT has about 500,000,000 shares outstanding, but is trading at .0006 right now. If we are merging with an equal ownership deal, and each company has about the same number of shares, how are they so far apart in share price?
all it takes is financials. The seafood side alone is pulling in at least a few Million $$ per year. This seafood business has been around since 1977. We focus on the mining, but the seafood already brings in a decent income.
I know this was posted before, but it's a reminder...
http://www.alibaba.com/member/us100524057.html
Company ProfileBasic Information
Company Name: Bayport Seafood, Inc.
Business Type: Manufacturer, Buying Office, Distributor/Wholesaler
Product/Service
(We Sell): Shrimp, Seafood, Lobster
Product/Service
(We Buy): Shrimp, Seafood, Fish
AliExpress.com Store:
Trade & Market
Main Markets: North America
Main Customers: Casinos & Wholesale Distributors
Total Annual Sales Volume: US$10 Million - US$50 Million
Export Percentage: 1% - 10%
Total Annual Purchase Volume: US$5 Million - US$10 Million
Factory Information
Factory Size (Sq.meters): 1,000-3,000 square meters
Factory Location: Louisianna & Maine
Number of Production Lines: Above 10
Contract Manufacturing: Design Service Offered Buyer Label Offered
there it goes. i've tried a few times over the past 20 minutes. all of a sudden its working. weird....
The website seems to be down. Anyone else not able to access website, or is it just my slow network at lunch hour?
Updates coming?
www.bayportcorporation.com
that was me. I've been in since .0055 but never added EXTO to my favorites till I saw that post
I think I found what I was looking for.
http://www.otcmarkets.com/content/doc/DisclosureGuidelines.pdf
"Current and potential investors in the issuer’s securities should be provided with all “material” information"
"The disclosure must therefore present the issuer’s business plan and include a full and clear picture of the issuer’s assets, facilities, properties, investments, management and other resources, as well as a complete description of how they will be used to make profits"
It does include Company info, management, share structure, and financials.
So by this time next week we should know pretty much everything.
What is included in "OTC disclosure forms"? Does "disclosure" mean financials?
look at the chart since the beginning of June. That is a beautiful sight. I think it's safe to say you'll get that $2 back
so what does this mean?
"Rare Earth holdings may be the most financially significant division of Bayport. Bayport now controls a tremendous amount of Rare Earth Elements (REE's) in the northwestern portion of the United States and Northern Canada with our new association with a mining company in Newfoundland. This company likewise owns a vast amount of REE's in northern Canada. Bayport has entered into a Letter of Agreement with a prestigious Wall Street firm, to do a best-efforts $50,000,000 IPO for the myriad of rare earth we control. "
but you're saying there are no REE's in north america? And it does say "rare earth we control", so it most likely is a forward looking projection, not necessarily what they already mined.
I think I understand now.
EXTO bought Baycorp by giving Baycorp all but 20 million shares. You don't just hand over your company for nothing, so Baycorp sold $50 million worth of REE's to have that revenue on the books. Now EXTO can say, we are giving up all but 20 million shares in exchange for a company with $50 million on hand. EXTO reduced their holding, but increase the value. Baycorp went public at the expense of 20 million shares.
It does the same thing as an IPO. Generates cash by selling shares (20 million to EXTO) and results in publicly traded shares.
So, IMO, there are no extra shares being added and OS will remain unchanged. Guess we'll have to wait to find out.
I know I've read all this before in pieces, but never put it all together.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65196937
The original agreement consideration was for EXTO/Shats International to acquire Bayport Corporation for 20,000,000 shares, but then EXTO/Shats International decided that since Bayport Corporation had a legal team in place and much more than what they had in place for growing the company that it would be better to simply allow Bayport to have control over the company since it will be Bayport’s fundings and operations “primarily” growing the company. EXTO/Shats International simply decided and saw that it would be better and less stressful for them to instead take the 20,000,000 shares (restricted) and go away and let those guys handle things. It was mutually agreed upon by all parties. EXTO/Shats International felt that Bayport would know what was better for Bayport to grow as a company with Bayport’s assets versus EXTO/Shats International trying to do such which is why they decided that it would be better to simply let them have the controlling interest to simplify managing matters.
Can anyone explain this to me?
From the website:
"Bayport has entered into a Letter of Agreement with a prestigious Wall Street firm, to do a best-efforts $50,000,000 IPO for the myriad of rare earth we control"
So Bayport wants to sell shares into the market to go public. Those shares are worth $50MM, per Bayport. This is what an IPO is, right?
EXTO bought Bayport, and EXTO is already public. So why is an IPO needed? And will the share structure change with the name change? There are 500 million shares out now. Is Bayport selling another $50 million worth of shares into the market, raising the OS?
I just don't understand how my current shares of EXTO translate to new shares of EXTO/Bayport.
#2 most active board
And lets not forget REE's!
President of Bayport James Louis Porter was quoted as saying, "We are all excited over this latest acquisition. The WOW Property was originally chosen for the significant amount of Rare Earth Elements (REEs) that are present there. We were excited to find the amount of gold, silver, and platinum present within the claims."