Bayport International Holdings Inc. (BAYP)

[DragonBear]

Oil drilling is expensive

Yeah, an average of $6M per well. So where does BAYP have this capital? And how did the subject become drilling? BAYP buys played out wells ($50-$150K), and then pretends to have a geyser worth millions. Of course no one else in the oil industry was aware of such an opportunity. LOL

but as we already concluded, with raising oil price, they might get profitable.

Concluded...NOT! A well producing 20 boed or less might get profitable? Gee, wonder what kind of a profit a <20 boed can generate? No doubt the oil workers are working for no pay? The pipeline or transport cost is free? The oil brokers in between doing it as a non-profit hobby? Wonder why anyone would ever sell such a played out well? Of course BAYP is going to tell its SHs when the LOI is concluded, how many boed the well is producing, and how much it cost SHs in diluting shares. Of course...NOT!