EXTO (Bayport International) .0011 this stock holding the .001 support and recently released news and was upgraded from OTC STOP sign to OTC Current Tier. The last last shareholders meeting announced that there will be no reverse split for 2013 and with commodity stocks expected to catch a bid this could very well be a profitable trade
LAS VEGAS, April 11, 2013 /PRNewswire/ –
Bayport International Holdings, Inc. (OTCPINK: EXTO).Today we are pleased to announce an update to Gaines County, Texas. Peck A and Peck B oil lease.
On July 28, 2011, the Company entered into an agreement with Rio Rancho Oil & Gas Resources, aTexas oil & gas company (“Rio Rancho”). Pursuant to that agreement, Bayport acquired a 3.5% leasehold; a non-participating working interest in wells obtained by Rio Rancho through leasehold. The nonparticipating working interest does not require that the Company fund in any way, production of the wells, only receive revenues.
The assignment of oil gas and mineral leases were filed of record on
11/17/2011 and being of file number 20015777, and recorded in the deed records in Gaines County, Texas
The wells are located within Section 372, Block “G”,
Gaines County, Texas
The Peck “A” lease covers 320 acres, and in December of 2002 had a production rate of 7,256 barrels per month. This can be verified on the Texas Railroad Commission,
This first well is expected to resume producing from the existing 11,000 foot depth. The second well will be re-worked at the 3,500 foot depth to test the San Andres zone. Wells directly adjacent to the south of this property have produced 400 BOPD from the San Andres zone, although same in no way guarantees the same production from the wells in which the Company has an interest.
GRPR (Grid Petroleum) .0008 this stock saw a some solid volume into Fridays close saw a 52 week low of .0006 and closed at high of the day, with a bullish reversal candle close along with expected update on oil well updates this should test the .0015 previous high.
TRON ( Toron Inc) .0013 this stock holding the .0012 support and should retest the .0023 previous high there is rumor of huge gold deposit finding in Montreal and with Gold expected to have an inflation rally should see a solid move higher