Bayport International Holdings Inc. (BAYP)

[mean_street_dude]

Who has experience with drilling and understands the BAYP plays? Hitting multiple zones is very good as one is happy with one decent zone. These are not deep wells and all the drilling produced multi zones, thus a reasonable production in each zone is considered very successful. At $100 per barrel the profits will be significant versus the cost. Each well can cost $200,000 plus to drill and rigs are scarce because of high oil prices. If the zones are good it means the surrounding area has potential to hit oil consistently or gas. There are pipleines nearby to funnel the product and if we hit all four wells with just a moderate show, BAYP is in a good position to drill more wells and side shots quickly, and earn $$$ as oil is above $100. If oil was at $50 it would not be so intersting but $100 is a game changer even with a 3% to 5% interest. If one has an average 4% interest in 10 to 20 wells do the the math.