Bayport International Holdings Inc. (BAYP)

[TinkerBelle]

Bayport International Holdings, Inc. (BAYP) Is Pleased to Announce a Joint Venture With Downhole Energy, LLC., to Purchase and Rework the Brown Lease in McIntosh County, Oklahoma

TULSA, OK--(Marketwired - Jun 12, 2014) - Bayport International Holdings, Inc. (OTC Pink: BAYP) (PINKSHEETS: BAYP) -- Today we are pleased to announce the signing completion of a contract to acquire 25.0% working Interest in current producing gas wells, the Brown # 2 and the Brown # 5. Bayport along with their joint venture partners will rework these wells to bring more production starting in July 1, 2014. The Brown # 2 was completed in the Cromwell sands, leaving the Gilcrease wide open for gas production. The Brown # 5 well was completed in the Gilcrease and left the Cromwell formation unproduced. Once again leaving good production behind pipe. Downhole Energy, LLC., and partners based out of Rockwall, Texas will assume the rest of the working interest. Each of these wells are anticipated to recover more than 250,000 cubic feet of gas per day.

http://ih.advfn.com/p.php?pid=nmona&article=62545150&symbol=BAYP