TULSA, OK, United States, via ETELIGIS INC., 11/06/2014 – – Bayport International Holdings, Inc. (OTC Pink: BAYP) (PINKSHEETS: BAYP), updates on the rework and completion of the Brown well 5 & well 2. Bayport entered into a JV with Downhole Energy, LLC. To operate and produce such wells. We would like to update our shareholders and are pleased with the results thus far. We are anticipating a 125 to 150 Mcf per day to start.
Brown well 5 frac job has went very well, we will swab the well and start preparing the well for production. We have the Brown #2 well set and ready for production once the Brown #5 is finished. The two will tie into together and feed through the same gas line to sell to the purchaser.
Bayport is in the middle of completing the 2013 audits to become fully reporting. To complete the necessary SEC filings to achieve Fully Reporting Status. Once SEC Fully Reporting status is achieved, we will migrate to the OTCQB tier.
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Downhole Energy, LLC has started the final work towards completion of well #5 & well #2.
Bayport will update http://www.bayportinternational.com/ to reflect the new changes and updates. We are very excited to JV with another Oil & Gas Company such as Downhole Energy, LLC.
Recent announcement on the JV with Downhole Energy, LLC. Can be found here:
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SOURCE: Bayport International Holdings, Inc.