A few questions for all of the knowledgeable, longterm GSPE shareholders:
If Tau is a discovery (likely scenario in my opinion) and the reserves are 250 million barrels of medium oil (I think 100 million is way low with Mahogany as the analogue), then Gulfslope’s share will be 50 million barrels.
1) What will be the likely share price given the Tau discovery and the fact that GSPE and Delek dominate the new subsalt play?
2) What is the best way to cash in - sell as soon as possible, stay in for the long term, set some target price and sell then??
3) What is likely result of partnership? They stay together and explore the inventory; Delek buys out GSPE interest in Tau and develops it; Delek or some other deep- pocket interest buys out Gulfslope? Something else?
Interested in what y’all think.