Hows that energy sector shining now?????
The problem with that question or any discussion of the oil patch is: What does it have to do with BAYP? It doesn't matter if oil crashes -8% or goes up +8%. All that is known about BAYP is that it received $27K in oil&gas revenues in 2014. How much was paid by BAYP for the dry wells to get that revenue... $40K...$140K...more?
Give me a small cap oil company with stated production, and I can tell ya how much oil going up +/- 8% will do to its profits. But BAYP has no known production figures. Example: How many barrels of oil will the recently capped Okie wells produce in 2015? Answer: 0 barrels. So it doesn't matter which way the price of oil moves.
As for the JV, that's waiting on when insiders decide to start a paid P&D. It's going to cost them promo money up front. Can they afford to do it this year? Their lame frac water scam is DOA. It won't matter whether the price of oil is going up, down, or around. The only thing that affects an oil scam is the pump, and how successful the nonsense is in attracting new retail victims.