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Good question , I've run every conceivable financial model on varying degrees of discovery. None would result in a mere market shrug. Announcement of a find w/Delek as a partner will be well received by the market, reaction will be BIG. North of 300 mboe will be HUGE. I wish us all luck, come on news!!!
According to Delek Dec. 27, 2018. Tau cost @ that time 59 million.....That was a LONG time ago!!!! "The Operator has requested the Drilling partners to approve a budget increase of USD 20 million (100%) for the continuation of the Drilling, so that the total cost of the Drilling (100%) will be USD 59 million. The Company's share in the said increase is USD 16million! "
Another point I find interesting along the same line of that info. trove.... Delek's right to acquire the 5% was to trigger upon "completion of a phase. The " Initial Phase " was defined as Canoe & Tau. If completed March 11 to the degree that allowed the purchase to occur. You would think that Delek would know the status and would not be blindly adding to their already sizable holdings of GSPE.... head scratcher!!!
Very interesting, wondering if were assignment docs? I'll start digging.
Well they cant stay quiet long enough for Delek to unload their .045 shares @ .06...... somethings gotta give!
News soon?
Agree not much will matter if Tau is a bust, staying quiet for this period of time will be the biggest self imposed pr blunder since the new coke recipe in the 80's!!!!
Shell sold a non-operating stake to Delek. Anadarko is still the operator.
Anadarko is the operator of that field......interesting
I realize is all speculation at this point but hey it keeps us sane and gives us topics to kick around. Cobalt which has been discussed in earlier posts, filed a 10k back in the day discussing a sidetrack being utilized to determine the breadth of the pay. the original bore provided depth, they backed up and side tracked to get additional value data on the identified pay.
200 is one wellbore, 201,202,203 all "events" related to that well. Checkout the list of filings and can see the pattern. True Sidetrack filing is an encouraging event.
The sidetrack code is the eleventh and twelfth digits of the API number. It is used to identify each sidetrack uniquely for the well.
If have time check out the old early SEC filings re. Cobalt... their sidetrack was a very positive indicator.
I can throw out a theory, think I'll wait till Spec weighs in.
The 4/01 revised Bypass had a kickoff @ 12341. The sidetrack kickoff 11800, interesting .
They are wearing the RC out! grin, I take that as good news. I'm certain this will come up.....debate on bypass vs. sidetrack. Per BSEE .https://www.bsee.gov/stats-facts/ocs-regions/status-of-gulf-of-mexico-well-permits/drilling-permit-definitions
I like the valuation.
I'll preface this comment by stating is pure speculation on my part. I believe there is something much larger in the works a sell/acquisition/roll up ,something. I cant imagine all this time/secrecy can possibly be followed with " well we tried, nothing there " both companies would take a serious credibility hit. I have to believe if TAU was a bust you would give some update along the way, "It's a challenging well, we're overcoming the obstacles", SOMETHING. They are either sitting on a huge find, working on the details of a merger/sell, SOMETHING larger is at play....Time will tell. Just an opinion, worth a cup of CHEAP coffee.
That tiny data point speaks to me, thx for sharing.
I needed that laugh. clever,
Regardless of Tau results, the entire team has a consulting gig in maintaining confidential info! This is the tightest of tight holes!!
Sumpins up! I watch this stock on a daily basis. Strange start today.
Market cap 68.6, shares 1.09b, The Delek debt swap shares are free to trade.
False alarm on the Forte being on the move, was a tanker named Super Forte.
Taken from Deleks Q4 report....... the funding and the exercise were simultaneous. Delek never really had any credit exposure to Gulfslope........ "In early March 2019, Delek GOM transferred USD 10 million to GulfSlope. At the same time, Delek GOM exercised the option to buy shares against the debt, and so Delek GOM holds
22% of GulfSlope's share capital." appears s late as early March they did have faith in the play.
Per Delek, drilling costs for Tau.. "overall drilling cost (100%) would total USD 60 million"
Forte on the move, anyone know if RC is along for the ride?
I like the way you think! I'm with ya.
Delek pricing was based on a 30 day weighted avg. close. Just interesting that the pop in negative posts came to a screeching halt on the very day of the registration..Just an observation.
Interesting, if go back and look at old posts, ALL the negative nellie posts stopped on the 29th. Same day notice was given of Delek registration rights. Just sayin......
The silence is deafening, somethings gotta give!!
db...not sure of significance, was the test pressures that caught my eye was wondering if had been kicked around in earlier threads. Cant recall seeing any mention of BOP on any other filings. Just something to ponder as we all wait...tic.......................toc!!!
Spec, has this been discussed/shared? https://www.data.boem.gov/Well/eWellAPM/APM.aspx?SnAPM=-203643
db7, sorry for the repost. Missed that one, might have been on one of my self imposed NO GSPE news days I've put in place to maintain my sanity on watching this ^&*% investment for soooo long. Thanks for all your contributions.
Did run across this March 15 approval of an Initial Exploration Plan submitted Jan. 28, 2019...Approved March 15, 2019.
I n Reply Refer To: GM 235D March 15, 2019
Mr. Clin t Moore
GulfSlop e Energy, Inc .
1331 Lamar Stree t
Suit e 1665
Houston, Texas 77010
Dear Mr. Moore,
Reference i s made t o the followin g plan :
Contro l No. N-10051
Type Initia l Exploratio n Plan
Received January 28, 2019
Lease(s) OCS-G 35193, Block 375, Vermilio n Area (VR)
You are hereby notifie d tha t the approval of the subjec t pla n has been
granted as o f March 15, 2019, i n accordance wit h 30 CFR 550.233(b)(1).
This approval include s the proposed activitie s fo r Well A.
Hard target search NADA!! there is actually a Ralph Coffman rig FB page....of course NO current images/updates....This "tight hole" thing is taken seriously.....
I'm gonna stick w/the good. VERY good!
NICE>
Only thing I can see is well # 177124069200. references Hydrocarbon/synthetic drilling fluids to be used. Not being an oil guy not sure of the significance?
Referring to the permits with approved dates..8/23,9/6.&7/27?
Will be watching, the waiting game on this one has been tough!