Bayport 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:
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PACIFIC EQUITY ALLIANCE LLC
Zachary R. Logan / Drew S. Phillips
Contact phone: 858.886.7237
Source: Bayport International Holdings, Inc.