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it's going the right way again. http://www.allotcbb.com/quote.php?symbol=GSPE
from strong buy to strong sell
http://www.allotcbb.com/quote.php?symbol=GSPE
can you believe it ? Wednesday almost 500K @ 0,15 , today we closed @ 0,13
Pure play GOM operator
GOM offers lowest breakeven costs
Fit for purpose team with former Anadarko leadership team at GulfSlope Energy; credited with redevelopment of shelf Miocene; deep GOM experience
Targeting horizons below thick salt sheets; seismic can be reprocessed to see and evaluate opportunities
Has 2 billion barrels of potential of recoverable conventional resources on 21 blocks
Are seeing reduction in service costs; adjusted operating model changed from non-op to operated. It will be a mix, so the company will remain flexible to generate as many opportunities to drill and find large discoveries with an appropriate WI ownership percentage
Believes the company has a first mover advantage by going back into the GOM as others are leaving to drill shale plays
Company is using regional 3D data set of 2.2 million acres (440 blocks) to identify future lease block targets
DeGolyer and MacNaughton reviewed GulfSlope’s 17 individual prospects; Average size is 120 MMBOE; independent 3rd party evaluation of prospect sizes; in-line with previous internal company estimates; five of 17 have been selected for initial drilling campaign
Internal numbers from GulfSlope’s full-cycle analysis suggest breakeven costs of $20-$25/BOE, providing the company to build a drilling program in a proven petroleum system that can weather a variety of commodity cycles
Increase in processing speed and drop in cost to process seismic are the differentiators for E&P companies. Computer processing speed has moved from months to hours and days. Very powerful tool to run iterative scenarios.
conference call
http://www.oilandgas360.com/tosc-webcast/gspe/
iff GSPE can have a loan off 30 miljoen , then they can start drilling and have a huge profit for themselves ,it should be much better than find a deal with other compagnies . and split the profit
in maybe 25 % GSPE 75 % other compagnie. @ the end they did all the research . For the share price it should give a great boost .
from strong buy to buy
http://www.allotcbb.com/quote.php?symbol=GSPE
Resistance1: 0.1403
Yesterday 20 % up , with no news again 0,12 and till the end of the week again 0,105 , that's were
doing the last 6 months . When does we gonna have a break out ?
http://www.bloomberg.com/news/articles/2015-02-01/crude-drops-after-biggest-gain-since-2012-as-oil-workers-strike
oil price goes up now . saoedi arabie is laughing now !
and down again with 13000 pieces . They always say , what goes down does go up again . NOT with
GSPE . And this is only the responsibility of the compagnie themselves . We should be listing already @ a other market . It's the first time in my career that i had a stock in port that goes down already 6 month . Maybe i buy today 100 pieces @ 0,20 , should we rate then @ 0,20 , then i am breakeven , and can dream of some profit . The presentation looks always good , but the execution does always take longer . Also there is nothing to read on the site of Gulfslope.com from the conference call , how can you attract new buyers then ?
Time ET Ex Price Change Volume
15:39:05 Q 0.0901 -0.0247 10,000
15:39:05 Q 0.0901 -0.0247 10,000
15:01:14 Q 0.10 -0.0148 1,200
13:42:10 Q 0.11 -0.0048 5,000
13:40:14 Q 0.115 0.0002 30,000
13:39:48 Q 0.11 -0.0048 5,000
12:49:46 Q 0.1148 3,000
That's from yesterday , unbelievable that with such a low volume we going so low . That's OTC and penny stock misery . manipulatieve transactions , iff you ask me !
can't believe we don't get higher then 0,115 $ @ the moment . We need to break through 0,1465 $
still a strong buy , but we don't get NEW buyers @ OTC .
http://www.allotcbb.com/quote.php?symbol=GSPE
building Momentum : -Annual leas sale March 2015
- Uplist to National exchange .
- Announce drilling plans and file permits
- Drilling RIG commitment.
- Spud first exploration well late 2015 begin 2016 .
-
Phase 1 drilling program : GSPE has high - graded 5 prospects , with mean unrisked resource potential
---------------------------- of 623 MMboe
Attractive returns in currant commodity price environment with F&D costs
of $ 3 - $ 10 per Boe
leveraged to both oil and gas weighted
How they compare :
----------------------
Gulf of Mexico leads the North American market for lower cost NEW oil production
- previous deepwater discoveries under development benefit from significant cost spent today ,
but new deepwater mioscene fields breakeven @ $ 50/boe
- GSPE full - cycle breakeven cost @ $ 20 - $ 25 per boe allow drilling through commodity cycles
- GSPE range in breakeven cost vary by water depth and oil vs gas mix
8 compagnies are still in the running for a partnership , the drill cost are very low and it still can get lower . it's looking good @ the moment and in the future .They are busy with the new listing also . hope to read the presentation soon on the website www.gulfslope.com
what can we expect on wednesday and thursday Does it gonna bring some positive news ?
That's a million dollar question .
Press Release: GulfSlope Energy Retains MZ Group as Investor Relations Advisor
Press Release: GulfSlope Energy Retains MZ Group as Investor Relations Advisor
GulfSlope Energy Retains MZ Group as Investor Relations Advisor
HOUSTON, TX--(Marketwired - January 14, 2015) - GulfSlope Energy (OTCQB: GSPE) today announced that it has retained MZ Group as its investor relations advisor. MZ Group will assist GulfSlope in developing and executing a comprehensive corporate communications and investor relations program while assisting the Company in expanding its shareholder base. Derek Gradwell, Senior Vice President of Natural Resources for MZ North America, will be the Company´s primary investor contact going forward.
"This is the ideal time to ramp up our investor outreach efforts," commented John N. Seitz, GulfSlope´s CEO. "We represent a unique story and investment opportunity among public E&P companies, particularly in the current commodity price environment. GulfSlope´s offshore Gulf of Mexico properties are estimated to contain more than 2 billion barrels of oil equivalent resource potential and we believe the potential economics associated with these properties gives GulfSlope a competitive advantage relative to other E&P Companies. It is rare for E&P companies of our size to have resource exposure of this magnitude and the requisite technical expertise to unlock their value. We look forward to relaying that message as well as new developments to a growing audience while developing our vast prospects in the Gulf of Mexico."
"GulfSlope has all of the characteristics that we look for in our clients," stated Ted Haberfield, President of MZ Group North America. "This management team has significant technical expertise, the proven ability to find oil and natural gas in the Gulf of Mexico, and a history of creating immense value for shareholders. They have demonstrated their desire to duplicate that success by licensing 2.2 million acres of 3D seismic data and subsequently acquiring 21 lease blocks with tremendous resource potential. The level of scientific knowledge and industry leadership exhibited by their team is something we only find with large independent E&P companies. It is our pleasure to be working with GulfSlope and we look forward to implementing an aggressive IR strategy."
About the Company
GulfSlope Energy is an independent oil and natural gas company focused on exploring offshore U.S. Gulf of Mexico. To learn more, visit the GulfSlope Energy website at www.GulfSlope.com.
Forward Looking Statements
This letter may contain forward-looking statements. Forward-looking statements may be identified by the use of forward-looking terminology such as "believes," "expects," "may," "estimates," "should," "plans," "intends," "could," or "anticipates," or comparable terminology. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, there can be no assurances that such expectations will prove to be accurate. The forward-looking statements contained in this letter speak only as of the date of this letter, and the Company expressly disclaims any obligation to update any such statement. Certain factors may cause results to differ materially from those reflected in forward-looking statements. Please carefully review our filings with the SEC as we have identified many risk factors that may impact our business, including the disclosures in our Form 10-K for the fiscal year ended September 30, 2014 and other filings with the SEC, which can be electronically accessed from our website at www.GulfSlope.com or the SEC´s website at http://www.sec.gov/.
Investor Relations Contact
Derek Gradwell
SVP Natural Resources
MZ Group North America
Phone: 512-270-6990
Email: dgradwell@mzgroup.us
Web: www.mzgroup.com
(END) Dow Jones Newswires
January 14, 2015 08:07 ET (13:07 GMT)
So that's the good part of the 2 options off reserve split. Yesterday it went well to 0,125 , but not for long. It's gonna be very important to change Market , for getting new buyers . And now the oil price may go up again for closing the first deal .
http://ih.advfn.com/p.php?pid=nmona&article=65022360
it is usually a very negative sign when a company reverse splits their stocks." But how the market reacts often depends on what else the company is doing to reverse its fortunes. If it simply declares the reverse split and goes on with business as usual, investors may see the split as nothing more than a smoke screen, and the price may go right back to falling as they sell their shares. But if the split is accompanied by serious changes in management, structure or strategy, investors may give the company more time to right the ship.
So what can we expect , that's the million dollar question .
hopefully we get there soon . Changing market should be a good option . Rating in $ instead of $ cent .
A talk long overdue with GulfSlope
On Tuesday of this week we had a half an hour long talk with Mr. John Malanga, CFO of GulfSlope. Here's a short summary of what we discussed:
Due to the recent and large drop in oil prices, most companies are re-doing their capital budgeting for 2015 which has put a delay on things, "...some of these companies are VERY large companies and that's why this process takes quite some time". Of the 8-10 companies that initially started discussions with GulfSlope, all remain in talks. Only one company has said "no thanks" and that company was never on GulfSlope's internal list of candidates in the first place. Furthermore, that same company is not a big player/operator in the Gulf. Of the companies GulfSlope are in discussions with, most of them are very large ones. The larger the company the less price sensitive they are and "...the super-majors look on things with a 5-10 year time horizon".
GulfSlope is continuously doing work on their prospects in order to get them to the stage where they are drill-ready. As the prospects have progressed more and more, it has become clear that "our prospects work very well in a lower commodity price environment". GulfSlope has "a handful of prospects that are drill ready" and they fully expect to announce a first farm-out in Q1.
Strangely enough (and definitely not proven yet), it could very well be the case that the lower oil price actually makes GulfSlope's shallow Gulf prospects more interesting now due to its low cost structure in terms of capex and future production costs. "Our breakeven is much lower than shale players, we can drill in today’s environment and make healthy returns, even if prices continue to go down we will make healthy returns".
In terms of future financings, GulfSlope have "...no shortage of people that want to go and raise money for us". The company would like to raise more money for two things foremost, to bring more prospects to the drill-ready stage and to be able to bid for more blocks in the up-coming auction by the end of March. In GulfSlope's ~2.2 Million acres of seismic, "...we have found some additional opportunities that we think look as good if not better than what we already have". Management is focused on dilution and is looking at a number of different ways to finance the company. As the GulfSlope team is large shareholders, "...we are not excited about doing some sort of stock issuance at ten cents per share".
http://www.geckoresearch.com/Make_No_Mistake_the_Oil_Slump_Is_Going_to_Hurt_the_US_Too
that's also one of the reasons where gaining down. Has anybody a clear view on how it's gonna
be in the future with GSPE ?
so that's the latest news that just been brought on the HUB site 2 x Form 4
http://ih.advfn.com/p.php?pid=nmona&article=64902111
http://ih.advfn.com/p.php?pid=nmona&article=64902111
with no news the rate even did 0,065 today , can somebody explain that ? I send a e-mail last week to GSPE , no reply at all . Nice PR must say . Normally it's quiet @ the stock markets today , but not with GSPE . @ the moment it's the worst investments in my port . Hopefully 2015 brings us good news .
I wish you all the best for 2015
what do they say " No News is good News " , not with GSPE . I still can't believe we are going down . @ this time i don't think there is a deal on the way , with the oil price is so low . Shares below 0,12 $ , how low can it falls for GSPE . Private investors had there stocks @ 0,12 , can't imagine why they are selling now below 0,12 $ . The PR of GSPE sucks ! Hopefully we will receive some good news before the end of the year .
it's about time that GSPE changes market . OTC market is like poisson for the rate . And still no news . We are december already . And still we are going down Yesterday all time low 0,13 and close 0,165 . Today open 0,1401 with only 17800 pieces . We are all losing a lot of money @ OTC . Hopefully Santa claus brings use some positive news , so we can get a great start in 2015 .