Bayport International Holdings Inc. (BAYP)

[johnnycomelately9]

b]Bayport International Holdings, Inc. Enters Into Asset Purchase Agreement With Sylios Corp.

TULSA, OK--(Marketwired - Jul 14, 2014) - Bayport International Holdings, Inc. (OTC Pink: BAYP) (PINKSHEETS: BAYP) -- Today we are pleased to announce that the Company has entered into an Asset Purchase Agreement with Sylios Corp (f/k/a US Natural Gas Corp).

On July 10, 2014, the Company entered into an Asset Purchase Agreement with Sylios Corp for the purchase of certain oil and gas properties located in Wayne County, West Virginia. Included within the assets being purchased are 125 oil and gas wells, testing facilities and a 22 mile gathering system within 12,000 acres. The terms of the Agreement are being treated confidential. The transaction is scheduled to close on or before July 30, 2014. The filings will become public soon after the close date.

Over the past 24 months Bayport International Holdings, Inc. has strategically purchased acquisitions in the oil and gas industry to increase production revenues and asset evaluation. The following are some examples of our previous oil gas acquisitions:

Steffelbeam Lease, Forest County Pennsylvania. BAYP owns 5.0% WI and 3.75% NRI in four individual wells, permit numbers 1,2,3 and 4.

Peck Lease, Gaines County, Texas. BAYP owns 3.5 % Non-Participating Working Interest (Royalty) only.

Trawick Gas Unit 21, (Trawick Gas Field), Nacogdoches County, Texas. BAYP owns Royalty Interest. The operator for this unit is the Exxon Mobil Corporation.

Star Duster No. 1 Gas & Oil Well, Nacogdoches County, Texas. BAYP owns Royalty Interest. Lease ID 225303. The operator for this unit is the Sonerra Resource Corporation.

J. H. Wade Oil Well Field Name (PHANTOM LAKE (TANNEHILL) Jones County, Texas. BAYP owns Royalty Interest & Overriding Royalty Interest. Lease ID 11407. The operator is Schkade Bros. Operating Company.

Baker 1H Gas Well, BAYP owns Royalty Interest in Lease ID 263188 & API number 347-33238. Operator is Eog Resources, Inc. The field name is Hayneville Shale, a major natural gas field in the United States located in the East Texas region.

Are you honestly going to try to arue it wasn't finalized?

[quoteBayport International Holdings, Inc. Announces Completion of Acquisition. Updates Shareholders on Closing of Oil and Gas Assets.

TULSA, OK / ACCESSWIRE / August 14, 2014 / Bayport International Holdings, Inc. (OTC Pink: BAYP). Today we are pleased to announce the closing with Sylios Corp (f/k/a US Natural Gas Corp). Bayport closed on July 31, 2014. The Asset Purchase Agreement entered into between the companies on July 9, 2014, in Wayne County, West Virginia. Included are oil and gas assets of E3 Petroleum Corp and Sylios Corp (f/k/a US Natural Gas Corp) also included leases covering mineral rights, oil and natural gas wells, certain right of ways and ancillary facilities constructed by the Company for the delivery of natural gas in West Virginia.

Summary of the oil and gas properties located in Wayne County, West Virginia. The assets purchased are 125 oil and gas wells, testing facilities and a 22 mile gathering system within 12,000 acres. We will update shareholders with a more detailed report and information on the prospect as we make progress.

E3 Petroleum Corp current management structure can be verified at this link: