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Let’s see what the board thinks in reference to Carl Icahn buying into Delek Holdings 14.8%.
Smith, thanks for the ongoing updated information.
Thanks Smith!
Thanks
I’m hearing conflicting stories. I’ve heard the the rig is actually on location and spud on the wrong side or the wrong well site and has to move. If anyone can validate if this information is true or not?
Ladies and Gentlemen, I’ve been through this at least 5 times. Let’s try use common core sense. If (when) GSPE moves forward on said projects and by the time dril/completions have been accomplished they (we) will be sitting in a good position with the recovery of oil prices and economy. I know it’s entertaining to speculate, but in reality they know it as well. All motions are set in our favor especially with the shale play slowing. The demand hasn’t changed, it’s just temporary hold. Lots of buying today!
From my understanding as of today their getting all financials in place and are extremely excited to get started. Plus someone making the statement about lights are on at the rig. Let’s keep our fingers crossed. Looking to be showtime!
From my understanding as of today their getting all financials in place and are extremely excited to get started. Plus someone making the statement about lights are on at the rig. Let’s keep our fingers crossed. Looking to be showtime!
IMO GSPE has come to an agreement and is ready to commence. In other wards why would they bring in such high profile experienced dril/completion persons. I believe they’ve started they engines so to speak. I actually know the individual recently hired from what I've been told. Trying to confirm. IMO things are about get hot!
I heard today they just hired recently a top deep water drilling/operations engr. I believe things are getting close. IMO
Thanks Spec!
Any new updates on the rig?
I don’t know where the question marks came from!
Sooooo Merry Christmas and a Happy New Year! ????????????
Merry Christmas ??????
From what I’m hearing companies are waiting on new budget monies and January should be kicking off quite a few projects. From what I’m seeing in relations to GSPE looks a lot of buying. ?????
Great information guys, looks as if things are in motion. It should be a busy 2020, I wouldn’t be surprised if we see a second rig come into play in order to reduce cost if financing is in place. IMO
Happy Thanksgiving to All!
Smith, that makes since W&T just purchased the Magnolia platform from Conoco.
Room for thought, W&T just purchased the Magnolia platform from Conoco. Still today it is manned with minimal production. GSPE could easily run said production with an agreement. ???
True! In regards to vessels, they come and go logistics dictates...crew/supply, work boats etc. of course you’ll always have a work boat standing by in the area.
We’ll know soon enough, the big boys haven’t gotten to the table yet. If we’ll watch partners stock volume it should be a lead indicator. It’s just a matter of time before info leaks out. IMO I still believe not to expect to much until the Corvette property is in final stages of drilling.
Looks to be a shorter, same old story buy low sell high. If you look the same individuals are playing both sides.
Room for thought, since they’ve filed for multiple LLCs. It should be interesting if the purchase of new leases fall under the existing LLC? You might be spot on in regards to Drlg/sell scenarios. Back in the day a company by the name of Hall-Houston did exactly that and became quite successful in regards to board members as well as stockholders.
Flip, IMO yes I see an increase in stock value, but only as info is leaked. However I see it at a minimum. We’re more likely to see more of the same in regards to PR as we saw on the Canoe prospect. Again IMO I really don’t expect to much until Corvette is successful Drlged. At that time there’s going to be major decisions that must be made.
Flip, you do understand that when drilling and testing are completed that they’ll set plugs until said structures (production facilities) are in place and pipeline contracts approved. More than likely if the funds are readily available GSPE/Partners will Continue to drill until tie ends are ready. IMO this is exactly why Conoe has been isolated until such time. We should see the same with Tau and probably with corvette properties. There’s way to much speculation on here, but still fun to think the what if’s. If there are eyes on said properties they’ll see a lot of activities in regards before actually production can develop. I hope this helps. If production was found on Drlg
Properties much more work has to be done.
Looks like shorts are at it again!
Very well put, still to much speculation on here. If folks don’t understand the concept of what it takes to accomplish said objectives in regards to D & C those individuals need to educate them selves. The facts are as stated, GSPE has found gas with high psi’s as well as hydrocarbons. IMO when Tau getting put online it should and will be considered a major success. Remainder of selected wells should at a reduced cost due to the experience gained. For example in the scale plays D & C was running around 7.5m now their running approximately 3.5. Hang in there guys good things are coming our way.
For those that don’t truly understand the different phases of our industry, it takes time.
• drilling
• logging/perf
• testing
• tie back
• potential sidetrackes
• delays for what phase we’re actually in
• equipment switchouts from Drlg to competition
If indeed production was found, it’ll take time to access.
I’m in the industry and deal with this everyday.
There’s way to much speculation when posting the unknowns. Remember this is tighthole!
Stay positive until we have concrete results, this could be champagne results in our future. Or beer!
8M traded before the opening bell! Possibly tax incentive?
TXSO is saying the Tau was spudded on 9-14-18 and should take 4 mths to Drlg to MD.
Gulfslope to present at AADE conference Sept. 17th in Laf. La.
Was wondering if the storm held them up? Thanks
Any word if the rig made it to the Tau location?
Sure has been quite!
Here ya go guys it’s show time. Those that aren’t in the Oil biz this is a milestone that we’ve all waited for. Progress at its best!
The next move should be is to move to the NYSE, gonna have to get to a dollar from my understanding. After listing should take stocks to 2.00 plus or minus.
Wow! We finally have a deal on the table, we need great production and our long wait should finally pay off.
Merry Christmas to you and all!
I agree with you this a positive, maybe we’ll have a belated Christmas gift.
Another extension, this could be a positive.
Sure is a quiet morning!