GulfSlope Energy Inc (GSPE)

[Philvb]

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GulfSlope (gspe)
We had a short talk with management on Thursday but it was kind of disappointing to be honest. The conversation was unusual for us as we were given answers to our questions which didn't say much, it was like talking to a lawyer. One interpretation of this behavior could be that they are not allowed to say anything at all since they are close to a press release. We honestly don't know and we were left with a confusing feeling.

What it doesn't take a brain surgeon to conclude, is that GulfSlope need to raise some cash very soon so perhaps that's what holding them back on the information front. One positive thing though, when we asked if the 8-10 entities still were in discussions with GulfSlope, we were told that the number of interested parties is now higher. Interest is still strong which is encouraging. After all, the Gulf of Mexico together with Saudi, are probably that last places that will produce oil in a low price environment.

www.gulfslope.com
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