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Dear American friends-can I refer you to the LSE Board in the UK-there is a huge amount of information there and some good posters (and some terrible ones).This company has just won a huge NHS oder and trades on a PE of less than 2.Pricepotential easily £15 if not more over time.Take a look lse.co.uk
I will pop in here occasionally,but use the UK boards.
Hi GSPX-Just curious as to why you are leaving the Board?Anyway thanks for all your very insightful/helpful comments.
Necrow,Trip,GSPEX-thanks very much for your thoughtful and valid comments.I will pick up on a few things:
Firstly I think you all (and I) have done quite thorough DD on Gulfslope and we all feel that we have a fair handle on the fundamentals, the risks and indeed the potential.The risks are clearly in the name "Exploration & Production"-if you explore and do not find and cannot produce you are finished-we all knew this when we invested.But we also saw a highly professional, highly skilled, highly experienced and historically successful management team who have invested considerable amounts of their own money and own 33% of the business.So we like the risk reward.
Secondly-how did they manage to win bids on these highly exciting blocks.You will remember, when they bid back in either 2013 or 14 (I cannot remember exactly)the oil price was sliding fast-there was no capital for juniors and majors were aggressively slashing exploration budgets-we got lucky because we had cash at the time so put in multiple bids and won most of them-alot of people simply did not turn up at auction due to lack of capital-that was lucky for us.
Thirdly on the shorters-I have to agree with Necrow-if you look at GSPE on a quantitive basis alone are the models do-it is going bust.However if you have greater qualitative knowledge-as we do you know that is not the case-unless of course they find nothing.
Let us hold our nerves Gentlemen-we could of course lose everything as you have all acknowledged,but with luck and management skill this could on a 5-6 year view be huge and then we shall meet and sit beneath the palm trees sipping Bollinger and discussing how well our Churchills draw!!
Thanks Philvb-very good news the wheels are now turning...at last...
Let them short-we shall eat cake-for any scholars of Marie Antoinette...
Hi Ryguy008-as GSPEX has suggested it would fairly normal for the lead investor to operate and would benefit Gulfslope as they would not have this additional headache. Gulfslope of course will retain their 20% ownership.I expect Gulfslope shares will continue to drift up on newsflow and the Company will look to raise extra capital into a rising share price. The management are heavily invested and therefore acutely aware of dilution. I also sincerely believe management are very shareholder friendly with a lot of funding so far provided by "friends and family". They want to protect their loyal, longterm supporters as much as is commercially possible. So let's sit back now and watch the newsflow and keep our fingers crossed tightly.
By the way Nezman-I think the share count was around 450-550 million before the oil price collapse-but forgive me if I am wrong, I am getting old and the memory is not as sharp as it used to be!!
You are on!!Perhaps we can both buy a bottle!!
Thanks GSPEx-those comments are eminently sensible. Bottom line, there is still a lot of risk, but if things play out as we want we get a much increased share price eventually.I stick with my buy and hold strategy and expect $2 plus per share sometime in 2020.By the way I am then on Bollinger if anyone cares to join me (and of course a Churchill No 10!!)
Very interesting-thanks RyGuy008-good find. I read this to be ass covering just incase GSPE do not perform up to standard,even with an oil find.Presumably though GSPE will retain its interest,just not operator status.Let me look into this a bit.
Gentlemen-re in the hands of a professional, committed and heavily invested management team who have worked at senior Board level in Fortune 500 companies. This is worth it's weight in gold Let's watch and wait-not much more we can do. For the next few months we will be going to bed with a bottle of water as usual. By 2020 we shall decide whether our tipple is Krug or Bollinger-vintage of course!!
Do not worry Gentlemen-the game has only just begun. We will see all kinds of nonsense in the next few months,but sit back,relax and take a 3 year view-you will all be wealthier by then..
Apolgies-pressed the send button too soon...Punters cannot resist E&P stocks in a firm oil environment and the oil price should stay firm for the reasons we all know-primarily huge lack of E&P capex in the last 3-4 years-this share will build momentum through the year and could really explode.I remain at a $2+ target by 2020,but remember-more dilution to come.
Gentlemen, as several of our learned posters have observed this Company remains very much under the radar-very few investors have ever heard of it. Imagine what happens in 2018,permits are granted, drilling progresses, share uplifted to a more senior exchange and (hopefully) a big discovery. Momentum will build and build. Punters cannot resist E&P
They will uplist-one of the many priorities-probably be middle of the year at the earliest..
Or dictum mea pactum as the case may be...
Steady on Gentlemen-no time for day traders here-although of course they will appear. Hold on and get rich over 3 years...we are in excellent hands..mea cum dictum..
Congratulations for your faith and patience Gentlemen. We now have a wait for drilling etc, but these chaps have great seismic and they have done it before, we will hit big wells. Personally I am very happy there are only 217 shareholders. We need to keep this quiet for a while because when this gets out, share price will explode in 2018. I keep my own personal forecast at $2-3 per share by 2020-but that is only my own very amature forecast. I feel a botle of Bollinger coming on in the interim...
then if it all works out, big night out in Houston for us faithful few...!!
Good morning Gentlemen. Nice move in the stock this week. Let's see what Monday 8th brings-I feel we have a good year ahead of us at last...
Ha ha AC-they don't call me Tricky for nothing!!Fingers crossed to all us patient chaps and let's hope we make some good money finally in GSPE in 2018.Happy New Year to you!!
One last comment for the year-I just re-read the release. Very specific re Jan 8th.Mark that day in your diary gentlemen, your patience is likely to be well rewarded and the New Year should get off to a prosperous start. A bientot!!
Gentlemen-these things take a lot of time. They are complex and there is a lot of money at stake. The partner will not rush,but is very actively engaged. Patience is needed from all of us and should, in time, be very well rewarded.
Hi Crouchingdragon,WTI is West Texas Intermediate oil as opposed to Brent Oil which tends to trade at a premium (lighter and esier/cheaper to refine.Stick with this one-we will make very good money.
The press release Philvb posted can only be read as positive as the potential partner seems to be still very engaged. I will make a brave prediction here. GSPE share price will be around $2 by November 2020 if company still exists-may well have been taken out by then. I am also assuming WTI price of $75-80-there will be shortages due to huge underinvestment in the last 5 years.
Hold your horses Philvb...there is a provision to extend the DD process if needed.I imagine the storm in Houston could have delayed the DD by several weeks.
Do not worry Philvb it will get up listed.Just hang in there!!
How can a 5k share sale knock a stock 19%?!! This is about to get very interesting-anyone who sells now is a fool.See my post below-in 3-5 years this stock will be $3-$4 not 3-4 cents.
Assuming the LOI turns to a hard deal this stock will be dollars in 3-4 years not cents.The team found multiple welol in the GOM in their old Anadarko days.Seitz is probably one of the top geologists in the world.It bodes well.Hang in there all the patient old timers...
Patience everyone-we will get there.
With greatest respect Gentlemen I have watched this Board for 18 months and do not believe it to be well informed.There is a lot happening at Gulfslope,but the Board cannot comment.The Board are made of stern stuff and WILL NOT give up having invested so much of their personal wealth,The Board is also made up of consummate professionals,highly skilled in their fields.Do not give up on this it will happen.Of course we will be diluted,but if we stick around we will make a lot of money.I will not comment here often,but I keep a very close eye,.