GulfSlope Energy Inc (GSPE)

[Tbags7]

"Drill Baby Drill!!!!!"
- Donald and entire GSPE message board 

[Tbags7]

Trade volume 2 days in a row for first time in forever.  Even though it's for just pennies I will take that as a bullish sign. LOL

[spec machine]

TGIFriday from the philosopher’s woodshop

===============

With the boundless opportunities of modern civilization at our fingertips

Having attained a greater realization of true sustainability and striving toward that goal

Tantalizing views from our spacecraft and probes to other planets and moons in our solar system

Brought to our eyes by an amazing device in the palm of our hand

Sequencing genes to cure disease, defeat cancer, end hunger

How advanced we have become, such a long trek from the primordial goo

Now comes a stabbing pain to the heart and soul

To realize that our "now" is beset, nay dominated, by the immorality of corruption, subjugation, and genocide

Hope and optimism lay bludgeoned and bleeding in ICU

Why?

Why are we here?

from - "my short career as a poet philosopher" by spec machine

[spec machine]

I’m repairing what I am able to mend and the sun is shining brighter each day

I am appreciative of the kind words regarding my contributions to our discussions here

I’m fully aware that this forum is a tiny, tiny space

Back in the heaviest activity days, maybe 100-150 reads each day, a dozen posters max

So, I find it incredibly odd and suspicious that, out of the blue, I get hit on

Like full bore hit on

The bulk of that is OT here but the manipulation has relevance

It’ll get figured out

Cheers

spec

https://x.com/spec2me2?s=21&t=aiB0YMnkH_BChmkldd0Q7w

[Tbags7]

Agreed.  We appreciate your input!!!!

[NorOilGuy1]

My comment was tongue in cheek, but point taken. I probably should has said it more like Tbags.

[OilerHTX]

No kidding, I'm not known to get on here in an attempt to pump. so w/ that fact in hand I'll let the comment stand on it's own. It was free, so theres that.

[Tbags7]

Any "insight" anyone has to share would be welcomed though!  

[Tbags7]

Let's not use the term "insider information"... lol

[NorOilGuy1]

Always suspected they were alter egos. Thats interesting. I thought the same thing.

[NorOilGuy1]

Well sir do you have some insider information. Please share. Your post John is still bullish on GSPE would suggest you have information the rest of us are not privy to.

[OilerHTX]

Popped in to check on my favorite sleeper stock. Disheartened to see Spec having some hard times I dont know the details nor do I need to in order to wish you the best and a speedy favorable resolution! In re. to /tax question re, Seitz I can assure all that was never/ is not his strategy. He's a bullish today as ever on GSPE potential.
Hey, what ever happened to Mrs. Smith and buy girl? Always suspected they were alter egos🤷. Bring on the next chapter, best wishes to all on the board.

[spec machine]

Gonna need a new DJ

if this ever takes off

LOL

IYKYK (my sarcasm returns)

Yep, the filing is at least a tick on the clock

Corp still active, viable

I’m back from the head games, hadn’t seen them since the 80’s

Seems ironic, the band is Cheap Trick from the 80’s

Don’t fall for it

spec

[NorOilGuy1]

I don't know what to believe the current situation is. I hope John has ethics and this is not a tax right off for his benefit. That withstanding I can only believe the company is still alive because they have a plan to make it viable.

[Tbags7]

Mr Seitz did issue another SEC filing on Valentine's Day which basically stated GSPE was not able to timely file the 10-Q.  I am not giving up hope knowing they are not obligated to continue to file any financial reporting with their current "expert level" trading status and I am hoping they are continuing to post in good faith with hopes of returning to the typical exchanges for trading sometime in the future.  Why else would they waste their time unless they have hope/future plans. 

[Tbags7]

Same.  I won't take the tax loss either.  Hoping this Administration's push for American Energy will give us at least another shot at success.  

[NorOilGuy1]

I think most of us are down that much. I'm still clinging. Until the phone number stops working, I'm not taking the tax loss.

[Tbags7]

I know... just clinging to any good news I can.  I'm still down 99.5% but at least it's not 99.9%!  😂 

[NorOilGuy1]

This has happened before and I'm sure it will happen again

[Tbags7]

GSPE up 9900% today... NbD but KBD

[spec machine]

Here's a link for .
.
.
checking the status of the corporation
https://mycpa.cpa.state.tx.us/coa/

just enter GulfSlope Energy to ping it occasionally (as of today it is listed as an active corporation)

if the lights go out totally, I don't know if there will be any other notification

anyone call the number from the contact page of the website?

ATM, I don't know if I could stomach a "this line no longer in service" message

And gosh - both of my "fan club" is gone
(not a grammar mistake)

I just can't tolerate habitual liars and hypocrites

Crude is soft on expectations of sanctions easing and I (still) think there's not enough risk premium baked in for the current amount of attacks on shipping and energy infrastructure

Energy infrastructure seems to be the #2-3 military target class, skewing higher as asymmetric warfare strategies evolve

Much healing to do here and my medical team is made up of top shelf people

I persist in both life and the pursuit of justice

Truth

Hopefully my (somewhat sarcastic) sense of humor will return

spec

[NorOilGuy1]

Thanks for posting this Tbags

[Tbags7]

I apologize I do not have premium so I can't DM anyone but I do see that an 8-K was filed today and John Malanga, the GSPE CFO, resigned today.  

https://www.investing.com/news/sec-filings/gulfslope-energy-cfo-john-malanga-steps-down-93CH-3863207

[Ryhmnn]

Spec, I hope instead of destroyed, that can change to "detoured". Life can pull one down, it seems that is part of its design. Loss is expected but never welcomed. If I can help in some way, let me know.
Please know this: Your input regarding Gulf Slope's ups/down has helped me to stay invested and given me faith the tunnel opening will be wide and well lighted.
And the Trump Administration is on our side.

Roy H.

[spec machine]

I am investigating

Current recommendations for others
Awareness 10
Observation 10
Concern 1

Nothing is moving as fast as I wish but I will get answers

spec

[NorOilGuy1]

Does this have anything to do with the Cat Fish incident from the board? If so should we all be concerned? If you would rather DM me I can sign up again if I need to know more. If it's not board related sorry to inquire.

[Tbags7]

Hi Soec, I'm so sorry to hear this.  I don't have premium so I can't message you privately but I hope you make the best of whatever is going on in your life.  🙏🙏🙏

[spec machine]

I am destroyed

I will maintain a much reduced level of interest/posting here but my personal life has taken a devastating hit

I have many questions about what happened to me and no answers yet, just suspicions

It’s off topic here so I have nothing to add here

I have been reading and posting about stocks, politics, science, nature, and the joys of life for nearly two decades here

An old hippie spreading peace and love

Now my heart is cold as stone

Hanging by a thread and sand has been stolen from my hourglass

But I still have a voice

Friends can always message me, I am thankful for the support I have already received

Peace

spec

[Tbags7]

Got the election resulted they needed so that was a big first step in the right direction.  

[elcheepo]

So what are the chances they actually attempt to make this a company? Or were we stiffed.

Please be nice

[elcheepo]

Soon to be 0.0000001

[spec machine]

WTI mid $70's as Commodity traders revalue crude markets in an ever shifting mix of unprecedented variables

Subsea sabotage, increasing targeting of energy infrastructure, brand new and untested policy changes in drilling leases

Gulf of America drilling is at a depressed low but shale is quicker to first oil, hard to tell where and when new money will flow into the upstream sector

Global geopolitics is a huge variable but one rock bottom fact exists - we will need new oil

Cheers

spec

PS - I gotta laugh about that other shit, this old lion has aged well so any "private info" would probably bring a round of applause from my friends that haven't seen me at the "no tan lines" beach in a couple decades (old hippie), got nothing to worry about and did nothing wrong

The main issue (because it was about the board and my integrity) was that I needed to be transparent in the accuracy of my viewpoints after realizing that my own confidence in them had taken a hard hit
That's the important part to me, the rest of the BS is just a reminder to use protection from all forms of evil and disease in today's sick world
Stay well 😎

[greg2934]

See #14 and #26

https://www.thegatewaypundit.com/2025/01/here-is-full-list-presidential-actions-trump-signed/

[spec machine]

2025 is absolutely going to be lit 🔥

EXPOSE every lie, every abuse of power

Tell the TRUTH

Stand up to EVIL

Never again!

America is once again the land of the FREE

I hope GSPE becomes the next miracle revival (I will be here until the lights are officially turned off. I’m not a quitter)

spec

[Tbags7]

"Drill, baby drill!!!!"
- Trump just now 

[spec machine]

WTI rising toward $80 again, looks determined to run a bit more

Everyone is dipping their toes in on the battlefields, the USA is not even trying to hide behind proxies

Months of being targeted by missiles and drones has finally brought a little sting to the response from our carrier groups

The wolf moon will bring out the howling tonight to signal a fresh new beginning

Locally, it'll be coyotes instead of wolves, and they're hungry

Me too

spec

[spec machine]

No problem, I do have my long-standing opinion that the business plan, the prospects presented, and the team assembled for the first drilling campaign, were all of a caliber that gave the operation a very reasonable risk/reward balance

It wasn’t the greatest expression of that opinion, but my sentence (fragment) “Plans for the future that include GulfSlope” ….. was my answer to my question

A better way to say it might have been -

I really think they performed in a manner that they can be proud of

Even though it fell short on results, it was a well reasoned and skillful performance

Covid and politically weaponized policies effectively shut down everything that didn’t have a positive cash flow or a war chest of cash for the lean times

During that span of time, their choice was to minimize cash burn and hunker down other than the efforts toward M&A with suitable opportunities

The wars that escalate weekly, including sabotage and attacks on civilian merchant shipping have dramatically altered the markets for EVERYTHING

Change is normal, but the swiftness, breadth, and magnitude of these changes in our global civilization are truly breathtaking

—-

WTI drifting upward through the mid $70’s as unelected cabinet members shred and burn down our United States of America

Yeah, I still think they’re (GSPE) trying but daaaaymm things are seriously messed up right now

That said, the US economy is still fairly robust, mostly because our ability and willingness to create more $$$ M2 as well as the inherent advantages of being the dominant reserve currency (now being challenged more than ever)

I think we’re going to bounce

I think drilling is going to be doing well in our oil patches, especially in the Gulf of America (I’ll call it whatever I want), for a long time

If there’s a chance for GulfSlope to get a drilling campaign funded (or any related business endeavor)…. It’s really handy to have a registered and qualified company, a ticker all ready to go (after getting current with SEC filings, audits, etc), and a big chunk of expertise on tap

I wax philosophical, and I am very optimistic (it might not be evident in some of the gloomy points I mentioned)

Happy Hippie in the Hills

spec
😎🇺🇸

[NorOilGuy1]

Spec my first response may seem brash it wasn't meant to be I sent it out in hast. If you have some thoughts about your questions, I'd like to hear them

[NorOilGuy1]

Answer your own questions. You have some thoughts on this.

[spec machine]

The NT-10K was filed just after my last post on 30 December

I just got the alert today though, cell hole at the cabin

The Q remains …..

Why maintain the corporation and ticker?

Only one reason that I can think of …..

Plans for the future that include GulfSlope

Starry night cheers

spec

😎

[Tbags7]

I thought you were going to say "Don't forget the tens of millions of dollars of value in selling to a profitable agency for the net operating loss carry forward."   That's my last resort of hope to get at least some value back on my shares. Ideally we do get a funded project but there is still "some" value in the net operating loss carry forward.  

[spec machine]

Don’t forget the technical and operational expertise both current and past that GulfSlope has to offer

Their only reason to keep the entity alive is the opportunity to fast track back to a publicly traded (and listed) company

Which then offers a mechanism to access capital quickly and efficiently

It’s a “what if” scenario at this point

I also give some weight to the factor of insider compensation

As many are aware, the main insiders had ( and still have) more than a few coins thrown in and didn’t bleed the G&A at every opportunity

Chillin

spec
😎

[NorOilGuy1]

I’m curious why they are still open for business at all. It doesn’t add up for me. John Seitz has been loaning this company money to keep it propped up for at least the last year. A company with no capital is looking to acquire established assets. Any thoughts on why the lights are still on at all?

[spec machine]

Yeah, I think the only way it has value is if they carry forward with the data collected and (mostly”stale”) processed seismic

Of all the prospects, there were several substantial “estimates”

The modeled data was enough to secure the funds to drill the first round

So close I could taste it ….. ewww

That was before the toxic market of “war on fossil fuels” with the hidden financial blackballing

So the prospects still exist, enough data to show core potential, enough to reshoot and maybe drill

Is there enough value there? I don’t know

I think that the early founders, family, and friends probably still hold their first share

Nobody could have predicted the chaos that erupted after the Tau-1 halt

I foolishly thought that we were rolling into the biggest commodity super-cycles of our lifetime

Instead, we’re rolling into level 57 bat shit crazy global conflict on a dozen hotspots

I’m just a country boy and can’t count past 11 unless I take off my shoes

So, too many countries firing bad rockets

I’m tuned to the good ones, the advancement of civilization, to the moon, mars

Uncharted territory, in the fog, at night

Don’t know where this goes from here, at the “probably zero point zero zero” level

My doc tells me to chill on the geopolitical BS, and my nurse tells me to chill on the same stuff and eat a few of these gummies

You KNOW who I am gonna listen to!

Hammock, lemonade, campfire Cheers to a great 2025

spec

[NorOilGuy1]

Is there any hope left here? Someone give me some positive news or twist. I can't find any.

[NorOilGuy1]

Thanks Ebenezer3 I'm surprised that didn't make the board sooner. I guess I was assuming as well. I thought they would have held out to see which way the election went.

[Ebenezer3]

https://www.data.bsee.gov/Leasing/Files/1221.pdf
Pg. 2694
Well that's a punch in the gut. It was Relinquished early back in 9/10/2024.
It was good till October 31,2025.
Guess that's what I get for assuming. Would have been nice for ceo to let us know before he turned off the f- in lights, oh it's nothing more than a pile of worthless lottery tickets. Good luck to all in all ya'll's endeavors.

[NorOilGuy1]

I thought they still held a lease on the other end of the Tau prospect until 11/04/25 if my memory is correct but it might be failing me like the rest of me

[spec machine]

The information on the leases was discussed a while back and should be in the i-box (info or intro, not sure why it’s a i-box)

The short answer is that they currently do not hold a lease and their focus has been on partnerships or acquisitions that have producing assets

Sorry I can’t provide more info at the moment, spec is “in the woods, soaking up beautiful vibes”

Cheers to a great reawakening in 2025

spec

[Sundance Dude]

Can anyone on this board provide a refresher on GSPE's GOM lease expiration dates? I am sure this information is posted somewhere here, but if you know where in this thread, I would like to review it. Thanks for any input you may provide~!