am I the only one who is optimistic here ?

Re: Convertible Debenture issued by GulfSlope Energy, Inc., a Delaware corporation (“GulfSlope”), to Delek GOM Investments, LLC, a Delaware limited liability company (“Delek”), on October 17, 2019, in the original principal amount of $1,220,548 (“Debenture”)
Ladies and Gentlemen:
This letter agreement (the “Agreement”) shall set forth the understanding between Delek and GulfSlope regarding the amount (the “Loan Payoff Amount”) necessary, as of September 30, 2020 (the “Scheduled Payoff Date”), to pay all principal, interest, and fees owing under the Debenture. Capitalized terms used but not otherwise defined herein have the meanings given to them in the Debenture. The Loan Payoff Amount is set forth below:
Exhibit 7.6
Principal Amount
Accrued and unpaid Interest Loan Payoff Amount
$1,220,548 $129,211 $1,349,759
The parties hereby agree that GulfSlope may fully satisfy the Loan Payoff Amount in exchange for the following consideration:
Cash Payment Amount $1,220,548 Shares of Common Stock 17,500,000
The Cash Payment Amount portion of the Loan Payoff Amount set forth above must be paid at or before 4 p.m. (New York City time) on the Scheduled Payoff Date. On or before the third Business Day following the Schedule Payoff Date (the “Share Delivery Date”), GulfSlope shall (i) if legends are not required to be placed on certificates of Common Stock and provided that the Transfer Agent is participating in the Depository Trust Company’s (“ DTC”) Fast Automated Securities Transfer Program, credit such aggregate number of shares of Common Stock to which Delek shall be entitled to Delek’s balance account with DTC through its Deposit Withdrawal Agent Commission system or (ii) if the

Sec fillings :

https://s3.amazonaws.com/content.stockpr.com/sec/0000950127-20-000053/0000950127-20-000053.pdf


-----------
Re: Convertible Debenture issued by GulfSlope Energy, Inc., a Delaware corporation (“GulfSlope”), to Delek GOM Investments, LLC, a Delaware limited liability company (“Delek”), on October 17, 2019, in the original principal amount of $1,220,548 (“Debenture”)
Ladies and Gentlemen:
This letter agreement (the “Agreement”) shall set forth the understanding between Delek and GulfSlope regarding the amount (the “Loan Payoff Amount”) necessary, as of September 30, 2020 (the “Scheduled Payoff Date”), to pay all principal, interest, and fees owing under the Debenture. Capitalized terms used but not otherwise defined herein have the meanings given to them in the Debenture. The Loan Payoff Amount is set forth below:
Exhibit 7.6
Principal Amount
Accrued and unpaid Interest Loan Payoff Amount
$1,220,548 $129,211 $1,349,759
The parties hereby agree that GulfSlope may fully satisfy the Loan Payoff Amount in exchange for the following consideration:
Cash Payment Amount $1,220,548 Shares of Common Stock 17,500,000
The Cash Payment Amount portion of the Loan Payoff Amount set forth above must be paid at or before 4 p.m. (New York City time) on the Scheduled Payoff Date. On or before the third Business Day following the Schedule Payoff Date (the “Share Delivery Date”), GulfSlope shall (i) if legends are not required to be placed on certificates of Common Stock and provided that the Transfer Agent is participating in the Depository Trust Company’s (“ DTC”) Fast Automated Securities Transfer Program, credit such aggregate number of shares of Common Stock to which Delek shall be entitled to Delek’s balance account with DTC through its Deposit Withdrawal Agent Commission system or (ii) if the


Sec fillings Form 4

https://s3.amazonaws.com/content.stockpr.com/sec/0000950127-20-000053/0000950127-20-000053.pdf

I hope we do , but they have to come out with tremendous news then . Long term holders are screwed badly here . Gulfslope communication is 0 . Last news Februari 2020 , and November 2019 insurance claim . That's how it goes for years now .! We don't deserve this . But these low levels now are miles away from 0,03 now . And tax loss sell is coming also I believe ? I am from Belgium we can't take advantage from that . Loss is loss . The only thing is pray for a better future here . I stop buying now , this is ridiculous . Those buyers are the first who sell with profit , can't blame them off course , but for us , it sucks .

what a day all time low was 0,0045 . Almost back last trade 10 shares @ 0,00475.
https://www.stockwatch.com/Quote/Detail.aspx?U:GSPE

and again today , bid size is still getting served . I bought last week @ 0,006 , 0,0057 about 260 k shares
and always I think we get those lows now . My average is 0,008 with this low buys , but that's not the point we need some results so we investors can get rewarded and Gulfslope can finally execute their plans . Iff you see how low volume the share price manipulate , these are definitely shorters. We always come up with high volume . Covid-19 has done a lot of damage to the world economie including the stock market . I hope all confidence come back in and we get our lives back .

maybe it's time to find a partner in China https://www.forbes.com/sites/daneberhart/2020/09/20/china-increases-imports-of-us-oil-ahead-of-november-election/#69bc072948cc

iff Delek decide not to stay on board , then it will be another partner . They put a lot of $ in this project to walk away iff you ask me just like Gulfslope did . Covid19 put everything on hold . don't forget ( see link ) is still on.

https://content.equisolve.net/_95cb6e51221c21ca27864da2b3a53517/gulfslope/news/2019-11-12_GulfSlope_Energy_Announces_Insurance_151.pdf

The only thing we can do is buy @ 0,006 and hope to get some update / news . This is how it goes for 5 years now . Up and down The communication of the compagnie is 0 . The way up to penny is a long way to go , especially with the short term traders , long term investors are not in favor here . I hope negotiations with Delek are still in place . Keep the faith !

I can find it on the website Delek-group.com

https://ir.delek-group.com/regulatory-filings

https://oilprice.com/Energy/Energy-General/The-US-Oil-Rig-Count-Slips-Once-Again.html

https://www.cnbc.com/2020/08/25/oil-markets-coronavirus-pandemic-output-cuts-in-focus.html

Let's hope they put the drilling with Gulfslope on the table .

https://ir.delek-group.com/news-releases/news-release-details/signing-memorandum-understanding-investment-framework-through

this is very frustrated .

for those who don't actually read or find the 10-Q already , I posted here . sign up for the newsletter of Gulfslope and get it in your mailbox when they bring sec fillings out right away .


https://s3.amazonaws.com/content.stockpr.com/sec/0001580695-20-000306/0001580695-20-000306.pdf

after the closing bell a trade of 1.829,078 shares @ 0,00775 .I bought some more @ 0,0085 today , thought this was a deal . Bid was getting served today . I remember the last time in June it went up to 0,02 , this trades where similar .

https://www.stockwatch.com/Quote/Detail.aspx?U:GSPE

1,5 million bid @ 0,0085 . somethings up maybe ?

https://www.otcmarkets.com/stock/GSPE/overview

i am very pleased to see oil back @ 40 . Didn't expect to see in such short time. Due the new restriction on covid-19 in many states , we just need more patience . But after 5,5 years waiting I can have that .

Not a word off Gulfslope in Delek Q1 2020

https://delek.gcs-web.com/static-files/5de15b82-dde2-4f59-8b98-3413b4658541

first 2 min 1,098.000 shares traded @ 0,085 and right away 750 shares traded @ 0,007525 how ridiculous is that

like Smith said “going concern” is in all 10 Q to read of all compagnies on OTC . But I am confident in the future . Iff you read what amount of money they spent already , Mr. Seitz and partners are going to do anything to make this work .

https://ir.gulfslope.com/all-sec-filings/content/0001580695-20-000258/gspe-10q_033120.htm

https://www.otcmarkets.com/files/OTC_Markets_Extends_Conditional_Filing_Relief_for_Companies_Affected_by_the_Coronavirus.pdf

This looks very promising for the further future with Delek Group and Gulfslope .

The banks that are a party to the Deed of Consent are various banks that have provided loans and credit to the Companies, secured by liens on the participation units of Delek Drilling Limited Partnership (“Participation Units”) and a foreign bank that provided a loan of EUR 50 million secured by guarantees (“the Banks”).

http://ir.delek-group.com/static-files/f663655e-194f-4a16-8a65-2e2ba77df285

Hi Smith ,

I can not take a screen shot and post here on Ihub . platform .I posted my question and answer like i write and send last week to Gulfslope .I never write a stock related compagnie about information that can have directly influence on the share price . As an investor I now what I can ask or not .
My biggest question to Gulfslope is that they are closed or open due the corona pandemic . Like talkings with Delek , I can't imagine they use Skype , phone ,... Their is still a travel stop to go to israeli or abroad.

Hope this is ok for you .

Philippe

Hi Tbags7 ,

You go to finance@yahoo.com site , put the ticker in " search " , then you find everything you need related to GSPE and iff you read a article John Malanga his contact emailadres is bellow the article

john.malanga@gulfslope.com Here is the link bellow



https://finance.yahoo.com/news/gulfslope-energy-announces-insurance-claim-143000569.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmJlLw&guce_referrer_sig=AQAAAJUZ4e1e1FsAUfcIRNJyylIn0qq79cve9owXtKF17vjwteyxvwwi_3JJA6aTcRIIRGhoLD_OXq6Oy4ei-D_WnGOkSlKKE36sKfzhdJsYEKTP6ggeUoUno2y_KTPEqJXEJLIcc--5WOmhx3a1_hmw4CQHreVVX8X88RdLsCEUDgfq

I contacted VP. Mr. Malanga this week about that and this is his response I just received . This is the mail I send and answer on that .

Mr. Malanga ,

It's been a while , I hope you and your family are well due the coronavirus . Are you guys already back to work ? On 27 Februari 2020 we get a press release on the filing of Tau drilling permits kicks off 2020 drilling campaign. With the coronavirus the demand for oil dropped very hard , price collapsed ,... and just when all things went well for Gulfslope . The current contract with Valaris for the Ensco 102 expired May 20 . Also it's quit about the deal with Delek - Group about the further working progress . May we expect an update soon or is everything on hold with the coronavirus ?

Regards

Philippe



Thanks for reaching out and I hope all is well with you and your family. We have been working from home for the past 8+ weeks but we hope to be back in the office sometime in June.

We have never stopped working during the current crisis but as you can appreciate, the uncertainly related to COVID-19 and volatility of commodity prices has resulted in unanticipated delays. We hope to have an investor update soon.

Regards,

John

Gulfslope under attention on Twitter by Will Maede

Former PM at Goldman Sachs founded $1.4 billion hedge fund. Educated at University of Chicago and Johns Hopkins. Former Editor Forbes

https://twitter.com/realwillmeade

annual meeting DeleK-Group June 23

http://ir.delek-group.com/static-files/c831b97e-db0b-4e03-9cd6-9a5f64097f4b


discussion of the financial statements , increase of 10 million shares ,... I guess this will be important for the further working intrest with Gulfslope to .

1 million bid @ 0,007 , almost hit 0,01 again today . it's a lot of speculation to keep the share price under 0,01.

https://www.otcmarkets.com/stock/GSPE/overview

https://oilprice.com/Energy/Energy-General/US-Rig-Count-Collapse-Continues-Despite-Soaring-Oil-Prices.html

it looks like Gulfslope can negotiate on the price , nice rebound on the oil price , insurance money ,...
looks promising . It's always a long time to wait for news , updates ,... but finally they manage to go true . It's going to be 5 years in August since I start to buy / sell / buy ...and follow . bought a few times last weeks on these levels . Market cap 9 million is peanuts iff all goes well . Still it's High risk / High reward

https://oilprice.com/Energy/Crude-Oil/US-Cuts-Royalty-Rates-For-Oil-Firms.html

The government is doing everything to help oil firms . That's another positive thing to read .

https://oilprice.com/Energy/Oil-Prices/Oil-Climbs-As-Fears-Of-Negative-Prices-Fade.html

bought also more shares , big blocks are trading fast also. Something is boiling here .

https://ir.gulfslope.com/all-sec-filings/content/0001580695-20-000194/gspe-8k_050820.htm

On March 25, 2020, the U.S. Securities and Exchange Commission (the “SEC”) issued an order (SEC Release No. 34-88465) granting conditional relief to public companies that are unable to timely comply with their SEC filing obligations as a result of the novel COVID-19 outbreak (the “SEC Order”).

https://ir.delek-group.com/node/17211/pdf

cash on hand

This article ( from 04/23 )could be great for Gulfslope in the future iff they hit oil . Gulfslope should be promote their company . In the 6 years I follow Gulfslope nothing changed . Share price goes up with great news and after the great news , you don't here nothing anymore for months and share price dropped again . Let's hope we all get rewarded soon .

https://www.reuters.com/article/us-global-oil-trump/trump-to-consider-halting-saudi-oil-imports-says-us-has-plenty-idUSKBN22230O

pre market 0,01 , and already hit 0,0064

https://www.globenewswire.com/news-release/2020/04/29/2024446/0/en/United-Hunter-Oil-Gas-Corp-Announces-Extension-for-Filing-Annual-Statements.html