Bayport International Holdings, Inc. (OTCPK:BAYP) signed a letter of intent to acquire two wells in Cook Ranch Lease Drill Project from J.L. Watkins on May 1, 2015. Under the terms of agreement, Bayport will purchase outright 100% working interest and 80% net revenue interest in the wells Cook Ranch #10-15 and Cook Ranch #10-15B.

Bayport International Holdings, Inc. (OTCPK:BAYP) cancelled the acquisition of two wells in Cook Ranch Lease Drill Project from J.L. Watkins on May 1, 2016.