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$BAYP Audit out soon. Continuously expanding.

BAYP News-Out:Acquisition of Two Well Cook Lease/Okfuskee County,Oklahoma

May 01, 2015 01:27 ET

Bayport International Holdings, Inc. (BAYP) Announces the Acquisition of the Two Well Cook Lease in Okfuskee County, Oklahoma

TULSA, OK--(Marketwired - May 1, 2015) - Bayport International Holdings, Inc. (OTC PINK: BAYP) -- Today we are pleased to announce that we have signed a Letter of Intent to acquire the two well, 160 acre, Cook lease in Okfuskee County, Oklahoma from J.L. Watkins. Bayport has solidified a contract to purchase outright 100.0% Working Interest and 80.0% Net Revenue Interest in the currently producing oil and gas property.

The Cook Ranch Lease Drill Project is a 160 acre oil and gas lease, with an existing Dutcher oil and gas well drilled to a total depth of 2,825 feet. The well was completed in 1982 by the Marshall R. Young Oil Co. The Cook Ranch lease is situated in Section 10, Township 12 North, Range 10 East, in Okfuskee County, Oklahoma.

The Cook Ranch #10-15 well has multiple oil and gas shows in the Dutcher formations as evidenced by OCC completion reports. The Cook Ranch #10-15 well initial production was 53 BOPD and 89 MCFGPD. The Cook Ranch #10-15B was completed in the Booch formation. The Cook Ranch #10-15B well initial production was 45 BOPD as shown in the OCC completion report. With the current averages being paid for oil and gas makes this prospect very attractive. We anticipate that these prices will return our initial investment in 18 - 24 months, and have a 6 to 1 return on investment over the life of the well.

Audit Update:

Bayport International Holdings, Inc. is still actively involved with M & K CPAS, PLLC of Houston Texas to complete audits of our 2012, 2013 and 2014 and first quarter of 2015. We have completed all of the financial auditing, and are working to complete the reserve reports as required by the SEC. Once SEC Fully Reporting status is achieved, we will submit the proper paperwork to migrate to the OTC-QB tier.

About M&K CPAS, PLLC

M&K CPAS, PLLC, is a full-service CPA firm in Houston serving the audit, financial reporting and tax needs of growing micro and small-cap publicly traded companies across the U.S. and worldwide, as well as a wide range of privately held companies. They also offer personal tax services and consulting solutions.

About Bayport International Holdings, Inc.

Bayport International Holdings, Inc. is a company formed to exploit the various precious minerals in the U.S. to acquaint the public with practical investment opportunities in strategic metals and minerals. Bayport International Holdings, Inc. is primarily focused on precious metals, rare earth, and oil and gas ventures. Bayport International Holdings, Inc. is developing mining and oil and gas properties with economic potential with the aim of bringing such properties to commercial production. The company's portfolio of properties is primarily located in the Oklahoma, Texas, and Pennsylvania.

http://bayportinternational.com/