Gspex: they undoubtedly have a lot of other great prospects in their portfolio; the concern for me, though, is that if Tau flops, Delek could decide not to pursue any of the other wells and GSPE could be in a load of financial trouble. I think that's a legitimate risk. Management will undoubtedly be willing to shell out a few million here or there to keep the company afloat, but if things really don't pan out with this first round of exploration wells I'd have to imagine they'd have a tough time staying afloat long enough to right the ship.
Fortunately, Canoe is obviously an incredibly high-success play, so I'd hope that site would be enough to keep the company above water (at least for a little while) if Tau is a major flop. I'm pretty sure Delek could still elect not to pursue production on Canoe after the exploration well is completed, but I'd have to imagine they'd still want to produce on Canoe even if they elect to bail on the later stages
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