[spec machine]

Thank you, that’s a pretty comprehensive analysis and report

I haven’t read the whole thing yet but just skimming through, it is loaded with details and visuals

One of the particulars that you brought up is the low scores on environmental impacts of wind and solar

That drumbeat of - “hey, you realize these green idols aren’t very environmentally friendly if you look st the full life cycle, don’t you???”

… has been pounded for years now

but it’s battling a cult of “good intentions” that has been poured into some people’s heads … for even longer

I am looking forward to reading this analysis in its entirety (on a bigger screen than my phone)

On other fronts - economic jitters and disappointing jobs numbers hit the markets hard but barring any major impact from a bank collapse or major escalation in a war (or two), I don’t see any reason why Monday wouldn’t see a rebound of everything except the super bloated AI and tech companies

WTI still on the low end of the range at $68 currently

Counting the days until a change in leadership that will likely be a major improvement in the domestic energy sector

It’s encouraging to hear people figuring out what is truly wrong with the current direction

and how many lies they have been told, repeatedly

The truth can’t be censored in a free society

Cheers and enjoy your weekend everyone



spec

[smith199]

Some weeks ago I had prepared a series of posts about renewable energy generating electricity. But near the end of July, I decided to hold off on posting them.

Although there really is a case to be made for GulfSlope to be allied with NGas. This is because successful GOM wells not only produce the ‘black gold’, but as a component of the produced fluids, the oil production is also accompanied by copious volumes of natural gas. So there are two income streams to be considered.

The inspiration for this post now is I happened to run across a report that fits nicely with some of the comments contained in my deferred posts. It seems that Northwood University in Midland, Michigan and the Macinack Center for Public Policy collaborated to do a study and issue a National Energy Report Card.

So, if I say so myself, it felt good to find this level of agreement with my own independent opinions, because it is an indicator showing that I am on the right track. And their level of documentation of the data supporting the conclusions is excellent. So, while one may wish to dispute the conclusions, the data will be difficult to refute.

I decided to bring this to the attention of the readers of this board because I believe this to be an important issue deserving of much dialogue and discussion. Perhaps I will reconsider my decision about my own posts at some point, but until then, this report says the same things I say in my posts, and says it with more credibility and better documentation.

And the results clearly show that NGas, Nuclear, and Coal are the top choices for generating electricity, and are the most reliable, the most abundant, and the cheapest options available in the USA. These were also my conclusions as well.
In the rankings on the report card, NGas tallied an ‘A’ grade. Nuclear got a (B+), and Coal followed with a (B-). So those are the leaders.

For the record, Hydroelectric also scored a (B-) and Petroleum (C-) and Geothermal (D+). Wind and Solar were both awarded an (‘F’), mostly due to being much too expensive and lacking in reliability, although their environmental impact scores were also surprisingly low.

Hydroelectric and Geothermal both suffered due to the fact that they are severely limited by only being feasible in very precise locations that provide the required set of circumstances. So, since these few locations are already being utilized, there are no remaining opportunities in the USA to expand the generating of power from these methods.

The report also emphasizes the risks associated with a grid that relies primarily on wind and solar, as a “system wide transition creates an increasingly unreliable grid, putting human lives and the economy at risk”. A rather sobering conclusion in my opinion, and one with which I do agree.

This link provides much interesting and useful data on this topic. Just click where it says ‘New National Energy Report Card’.

https://www.mackinac.org/pressroom/2024/grading-the-grid-natural-gas-and-nuclear-top-list-of-reliable-and-affordable-energy-sources

Welcome to the Well Informed (about energy)!




Mrs. Smith

[spec machine]

A great holiday weekend of fun meets a sharp slide on wall street

WTI dips to the lower end of its recent range, currently $70 even as 2 more tankers are hit by terrorists

9 long weeks to be battered with distracting political games and their propaganda

Unfortunately, the widespread distrust in all political parties and many government agencies, remains in uncharted territory

The SCOTUS reversal of the Chevron decision is (IMO) the first major, tangible, metric that shows a reduction in the rapidly growing power grab in DC

That’s encouraging, and a rebalancing of elected representatives to better govern our republic will certainly be appreciated, both here and abroad

Keep the skies blue and the SPF numbers up

Cheers

spec

[spec machine]

I noticed a blip on the tape yesterday, actually it was a volume alert that I had set a while back

At 12M shares, it was well past the trigger

If anyone is familiar with the nuts and bolts of these transactions, I would be very interested in hearing about how they work

Secondly, I’m not sure why anyone would dump at this time, assuming the price was as tallied on the tape

12M for about the equivalent of a few tanks of gas for the Suburban

Seems like tides are at least looking clearer on the choices in the upcoming election, looks favorable to me

If someone needed to book their losses in GSPE, for tax reasons, I would certainly understand

Otherwise, I would feel like it was throwing away a lottery ticket a couple months before the drawing

Cheers everyone, enjoy your weekend

And thank you WG for another great playlist

Long live the great vibes with a lemonade in da shade

spec

[Byurwherevergirl]

Yep ☀️

a GSPE Labor Day playlist 🎵🎵🎵🎵

a hui hou 😊

WG

[Tbags7]

Nice one!!!!

[spec machine]

There are a few metrics leaning in the right direction

Security is much more desirable than destruction

Drill baby drill

☮️☮️

peace

spec

[Toddmo1]

You turned me on to KRKNF when we went "deep down" a money trap with horrible results. You swore KRKNF would pop and were absolutely right. I got in at .30 and thank you sir!

[spec machine]

Energy sector volatility bumps higher with Houthi rebels destroying a previously seized crude tanker in the Red Sea, an ecological disaster X10 if it was fully laden

Both major hot wars escalate again, US made and supplied glide bombs used against Russia as battle lines push deeper

and IDF conducted a major (preemptive) strike in Lebanon, thus fully involved on their Northern front

Physics (cumulative losses in people and property), Economics (the drain on human productivity), and the History of Civilization …..

are ALL in the UNSUSTAINABLE zone

Right on schedule

Stay sharp, enjoy some lemonade, and hopefully we will be witness to the beginning of long peaceful and prosperous millennium

☮️ ☮️ X2

spec

[spec machine]

Hump day hot takes on what I think is worthy of attention regarding energy sector growth

Two major hot war zones are incrementally hotter (fortunately no massive escalation)

and even with peace talks…. talk is cheap

Rhetorical question - how much of a blow to energy infrastructure was threatened to keep Iran from doing something really, really dumb?

Little ticks of trade war (tariffs) as China flexes

Day 3 in Chicago - oh my!

WTI continues channeling low $70s - low $80s with analyst predictions dominating in alternating bullish or bearish waves ...... row, row, row

China’s demand doesn’t really waver on a weekly or bi-weekly cycle, does it?

It’s a funny, partly fake, world

One other thought since the fish aren’t biting much yet today ….

One of the smaller nuances in the way GulfSlope “shut down” and delisted, was a clear indication from management that they were, in effect, “winterizing” the company

The reduction in staff, debts (other than what is held by the CEO) repaid, and still expressing strong confidence in the continued value of the company’s assets and prospects

It wasn’t just a “walk away” and wash your hands move

I see the value

I have patience for things that I believe in

Every day is a day closer to economic sunshine

Cheers

spec

Got one nice keeper for the grill so far

[smith199]

Thank you spec for praising a big mouth blonde with your kind words.

Here is a ‘short’ post to jump start some thinking on the board during our GSPE downtime.

I do own TSLA stock (full disclosure), but not due to the EV. There is a big demand developing in ‘commercial’ industry for a product called the Tesla Powerwall which stores electricity for use at a later time (it is essentially a very large high tech battery).

In case you are not familiar with it, this enables companies to purchase electricity at cheaper rates during off-peak times for use during the high demand usage portion of the day when rates are much higher.

It also can store excess solar generation power for use in the evening hours. And it is useful as a power backup to keep facilities operating during a power outage, reducing down time. This results in a significant expense reduction in the overall cost of electricity.

One of the largest companies making this move is AMZN (data centers). Look for this to become more common due to increasing demands on the power grid which, as we have discussed, are expected to double in the next 5 years.

And, getting to fossil fuels, guess what supplies at least 61% of USA electricity generation? So there is absolutely no way fossil fuel usage will decline anytime soon. In fact, I anticipate it will even increase.

There are also applications available for homeowners.

Interesting. Just FYI….


Mrs. Smith

P.S. I really tried to keep it short.

[spec machine]

All sizes welcome, and your contribution to this discussion is greatly appreciated

Wishing you a speedy recovery

spec

[smith199]

Some feedback suggested shorter posts. Not my thing for sure. But, shorter posts? I will give it a try.

For the value of a 20 cent trade, some A$$haul individual or entity has evidently decided to punish the GSPE shareholders with a transaction of 200k shares for .000001 cents per share.

If the perpetrator of that trade is a reader of this board, then likely this was due to frustration from the agenda not being able to compete with the ideas, analysis, and comments we discuss in the dialogues we have here. But if that is what was the cause, it is the wrong way to cope.

In reality, I feel like it was no one from this board. Readers here should find the support and perspective needed from our dialogues and will be able to avoid reacting in this manner.

While we do not know the motivation behind this transaction, it appears to be an obvious statement expressing disappointment. And we shareholders are better off to be rid of whomever it was from wherever they were. I do not find a middle ground.

Any drilling attempt in the GOM can open the doors for sustainable revenue. Considering the current value placed on shares, perhaps we should wait on the outcome of the election and see what develops from there.

For any reader here running out of patience, I ask is it best to take a loss? Or is it better to take a chance? And what is there to lose, versus what there is to be gained? Twenty cents? Or thousands of dollars? In my opinion, it is not that difficult of a choice.

Recall that before Exxon spent $225M on the discovery well in Guyana, making the largest find in a generation, other operators had 40 unsuccessful drilling attempts.

Such is the nature of E&P. It is not for sissies.


Mrs. Smith

P.S. I am not sure I like posting when restricted. This is 2X my goal in length and seems so inadequate. I am not content with failure. And what shall I do with the spare time? We will see because I am having surgery soon and I suspect no one wants me posting while on Percocet….

[spec machine]

Well, if the Olympics had a “long form non-fiction equities analysis and opinion” competition, I think you would have a pretty solid shot at the gold medal

With the assistance of a great cup of coffee this morning, I agree with nearly all of your points

It’s nice to think that some moderation and compromise inside the beltway is a desirable path forward

I’ll take total victory over compromise any day of the week

100% agree with everything else

V for Victory!

👍

spec

[smith199]

One of the reasons for so much effort being dedicated to the quality of the comments by the posters of this board is to enable the separation of the conclusions of fact from the rhetoric of opinion. And the content of these comments and the conclusions can contain considerable consequences, so act accordingly.

And the research involved in gathering this knowledge and being as informed as possible is much too much work to casually waste on petty squabbles over share prices at a point in the company’s development where that is not even the greatest concern facing it.

So I leave it to the readers to decide the value gained from the accumulated efforts here that are volunteered and not the result of obligation.

Some comments lacking substance or insight may also have undeclared motives that may include agendas intended to manipulate outcomes that will put our investment at the mercy of the agenda behind the comment. So, be aware and beware.

And although risk is always a component of our decisions, the knowledge found in factual comments is helpful in navigating the path to success and avoiding the pitfalls presented by those undeclared agendas and motives.

Being well informed is our power. We need it. And we need to use it…. Acting wisely, as united as possible, and as often as possible.

In the past I have been asked why, as an investor do I frequent a trading site? The simple answer is that this is where I find the best comments and commentators regarding GulfSlope Energy, GSPE shares, and facts regarding energy and the politics of energy policy.

And I am happy to participate in the process of becoming better informed myself; then helping to inform other readers as well, by sharing what is learned in posts on this message board.

Thanks to you all for contributing to the board and providing the superb content that makes our posts of interest to read and of value to the welfare of our investment funds and each other.

Regards,




Mrs. Smith

[smith199]

The efforts to discuss the various energy topics affecting our investment outcomes should be the cornerstone of a sound investment strategy, regardless of whether or not GulfSlope Energy or GSPE shares are the exact topic of these discussions. To believe otherwise is a short-sighted and possibly self-serving view.

I am in total agreement that some posts do certainly “make a person wonder”…. And about a great many things that must be taken into consideration too.

The recent topics of concern for many of us at this time (recession, inflation, election, war) are also all of importance to GulfSlope Energy and will be impactful to the GSPE shares.

I find it entirely reasonable that citizens in the process of coping with these concerns are losing confidence in the leadership responsible for this debacle. And that they wish to voice their concerns. Especially in an election year. I see no problem and find no fault in it.

Since the early days of humanity it has been understood that there is nothing quite so formidable an advantage in a discussion as knowledge.

Knowledge also does ‘double duty’ for us here. Not only does it enhance the potential for investment success, but it also offers protection for one’s investment funds from them coming under the influence of uninformed decisions. A reasonable and valid concern.

For example, in the recent conversation between Musk and Trump I heard it mentioned that fossil fuels are likely to remain the primary source of global energy for the next 50-100 years and we have the potential to use fossil fuels for much longer if needed.

So bottom line is E&P will not only continue, but it is a necessity for now and well into the future. This brings to mind John Seitz’s recent comments from this past April where he stated “Hydrocarbons will continue to play an important role going forward”, and “Oil means jobs and jobs mean stability”.

We here have commented about this for some time now, so this was not breaking news for us. But it was still good for it to be discussed at the national level, and reportedly heard by a billion people worldwide. Talk about getting the news out. And from prominent individuals that a great many hold to be quite seriously credible.

So evidently there is no urgency to pursue restricting oil and gas today, as has been proposed by some. A welcome development that points out the effects of uninformed decisions.

Because that will be grossly premature and cause pointless hardship to the population, the economy, the security of the country, and its ability to compete in world markets. I was thankful to hear it discussed in such a sincere and candid manner.

What this means to me is that, while fossil fuels may be finite, we will have the time and opportunity to develop the next sources of energy to replace fossil fuels using thoughtful evaluations based on performance, economics, need, and demand. While allowing technology to develop at the pace dictated by events and the level of investment committed. A wise approach in my estimation.

So there will be no ‘helter skelter’ upheavals resulting from a premature haste that jeopardizes the well-being of us all. We have time to do it the right way, if the opposing sides find the will to collaborate together for the sake of all.

The naysayer’s rhetoric just took a major hit.

About time too.

Regards,




Mrs. Smith

[spec machine]

Throwback Thursday - there have been many great, informative posts from several individuals here

Link back to the original post here from
Ebenezer3, a few links to data and presentations regarding the Tau prospect (and Mahogany)

I’m keeping a watch on GSPE as a back burner item, and I’m hoping that it plays a role in the domestic energy revival that is critical for today’s basic needs and those of future generations

The clown show continues with one side that can’t stop talking as the opponent plays “hide and don’t speak” to avoid showing their policies to the voters

So many questions, so much global chaos, so many lies, and an election coming up …

… if only there was a pattern

eyes open, be nimble

☮️

spec

[smith199]

Gulfslope Energy filed another NT 10-Q, dated 08/14/2024:

https://www.sec.gov/Archives/edgar/data/1341726/000199937124010174/gspe_nt10q-063024.htm

I find it hard to imagine that the company management, the other major shareholders, and the 23% owner of the company and majority partner of the Tau, will ultimately fail to find the funds to file the financials that are in arrears as it is not that significant a sum.



Mrs. Smith

[spec machine]

On the edge of - war, recession, and the most consequential election in modern times ….

And just like clockwork, as crude sweeps back toward the upper end of its recent range (low $70s to mid $80s), the headlines reveal a “surprise build in crude inventories”

M&A is still active in the sector but bigger transactions are hitting both regulatory hurdles and legal challenges

Peace eludes modern civilization again and our ship is sailing with “red over red” lights showing (not under command)

I can’t imagine a time when there was so much at stake and so little confidence in “world leaders” around the globe

If we could just roll back time …

spec

[gold80302]

Gracias

[smith199]

Greetings Gold,

In case you missed it, the last word on the board from John Seitz regarding the GOM and Gulfslope was from an interview published in April 2024 that spec brought to our attention in post number 7903 (37 posts ago). This post is attached for your convenience.

See link: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174623100

Regards,




Mrs. Smith

[spec machine]

It has been a near vacuum of info directly linked to GulfSlope for a while, even before the delisting

Clearly, there are still a few who are looking beyond message boards

If there are suggestions to improve the flow of information and opinions that trickle through here, I think they would be well received

Meanwhile, I choose to make lemonade from the lemons that fall along my path and be thankful for each beautiful day

Cheers

spec

[NorOilGuy1]

Make a person wonder

[gold80302]

When was the last time we actually had a post about GSPE about 2 years ago?

[Tiger01]

It was a good article. Thank you for sharing Ms Smith.

Look's like someone believes in GSPE today!
Tiger01

[spec machine]

Good article, and as you said, it’s exploration (not for the faint hearted)

Lots of technical risks, doubt, determination, physical hazards, and the potential for enormous returns

It is worth noting again that the royalties for a potential Tau2 discovery would be grandfathered at the earlier, and lower, rate

IIRC, it was 12% vs the new rate which is 18%

(I will check and correct those numbers if they’re not correct)

The market pullback seems to be paused, WTI bounces around the low $70’s, and we’re stretched nearly to the practical limits of our military strength when we act like a global police force

Historically, there is no basis for any dream of “calibrated response” to avoid escalation in war

Likewise, a “tie” is very unlikely when one side of a conflict is limited by resources but not “the laws of war” and the other side has the resources and ability to “finish” the conflict

We’re in uncharted territory in a few major metrics ….

….. maybe most of them (in geopolitical and economic terms)

The next debate will be far more interesting and revealing than the previous one

I still don’t think the upcoming election will be a choice between Harris and Trump

One of them is under relentless attacks (some of which are blatantly illegal) and the other hasn’t earned their position on the ballot (from the voters)

I’m not thinking doom and gloom but something isn’t right

Brighter days ahead, we must keep our heads about us along the way

Cheers (not fears)

👍

spec

[smith199]

Does Exxon seem like what Gulfslope aspires to be in the search for that pot of gold?

Black gold, that is….

I ran across a recent article about Exxon in Guyana. I saw some interesting parallels to what we are experiencing here. Others might be interested in reading this too.

Takeaways after carefully reading this article are the Tau is not the only drill well with issues of getting funds for drilling, and mechanical issues during the actual drilling of the well.

And even Exxon, despite better equipment and fewer monetary constraints, has these same issues. So perhaps our woes here are only typical of those encountered in E&P drilling, and are not indicators of anything more ominous. And I just suspect that John Seitz has ‘been there, done that’ too.

Informative read - ‘How ExxonMobil’s drilling risks offshore Guyana reaped $1 Trillion in rewards’, See link to article, released August 1, 2024:

https://worldoil.com/news/2024/8/1/viewpoint-how-exxonmobil-s-drilling-risks-offshore-guyana-reaped-1-trillion-in-rewards/





Mrs. Smith

[spec machine]

Another brutal day in equities, yikes!

But …. it doesn’t look so bad if you look at a bit longer timeframe

Flip to those 1 yr charts and the perspective changes

And it’s hot

People get grumpy, start flipping little boomy things at one another

It’ll pass

The market thing anyway

Boomy things just change format to fit the latest asymmetric warfare spectrum

Geography shifts of the hot zones tilt various national trade routes and big trickle down inflationary pressures are just now keeping inflation pressure fueled

So yeah, turbulence full tilt

Giant optimism on my mind, though

Cheers

spec

[spec machine]

WTI cycles through the $75–85 range once again, almost like there’s a pattern of week-long hype of bullish analyst articles, then an over-hyped week of gloomy articles casting doubt on demand estimates

WTI currently $77

Meanwhile, the war drums beat louder every day with war hawks in all parties bristling with determination to …..

Peace and love is what we need

Cheers to a more perfect future

spec
☮️

[spec machine]

Thanks for chiming in, I was hoping you hadn’t lost your interest

Even at a snails pace, it’s a discussion about the importance of the role of independent oil producers in our energy sector

I like it as a way to learn more

But there’s lots of opinions and discussions on all levels

Glad you found one that’s good for you

Cheers

spec

[smith199]

But, I like these posts. They are analysis of current events and anticipated developments. Something some others neglect to do with offerings that lack substance or insight and provide no incentive for anyone here to even take the time to read, much less support. And we do all see that same person redundantly peddling the same old garbage, and for sooo many months too.

I must say that all the points presented are valid and prescient. From my perspective the challenges we face in the USA energy markets, and the geopolitical events as well, also appear to be a direct result of progressive ideals. So the “MAKE AMERICA GREAT AGAIN” perception presents no burden for me.

There may be another board more aligned with a certain outlook. One that would provide more satisfaction and offer an appropriate outlet for those seeking similar attributes. There will then be no need to degrade or insult any posts and comments here on the GSPE board.

None here should vote to support GOM drilling simply because we are shareholders in GSPE. We must vote to support our country, our lifestyle and standard of living, our families, our jobs, and the opportunities we expect in life. And liberty. And the pursuit of happiness. All a ‘big deal’ of the highest order….

I do not represent or speak for any but myself. And ordinarily a post such as this would be ignored for the sake of keeping the board peaceful and calm.

On the other hand, I have no problem pointing out that the attitude of that post was purposefully hostile and added no value to the discussions here. The only one demeaned by it is the author….

To quote DJT:

“WE WILL MAKE AMERICA WEALTHY AGAIN - ‘OIL AND GAS’

WE WILL MAKE AMERICA PROUD AGAIN - ‘OIL AND GAS’

WE WILL MAKE AMERICA SAFE AGAIN - ‘OIL AND GAS’

WE WILL MAKE AMERICA FREE AGAIN - ‘OIL AND GAS’

WE WILL MAKE AMERICA GREAT AGAIN”



I approve this message, Smith199

[elcheepo]

nice to see the same people promoting this garbage... no shame,,, must be MAGA

[spec machine]

None of the geopolitical tensions have eased off, on the contrary, it seems that nearly every week there’s another tick hotter

The big stuff seems to happen mostly on weekends so fingers are crossed that we don’t spiral into a giant conflagration

Domestic energy is the second biggest agenda item for the Republican platform and ending the unconstitutional war on fossil fuels will be swift

I expect the financial atmosphere for investment in energy will shift gradually until the next administration is decided ….

… then things will change at the speed of light

I hope we can keep the wheels on the bus until then

Cheers

spec