GulfSlope Energy Inc (GSPE)

[Gspex]

Sorry, but I can’t figure out how to see the link.

I just stumbled across a document which shows that Delek was assigned a 75% interest in 2 Tau blocks and 1 Canoe Shallow block as of January first. So they already own 3/4 of those two prospects. Ordinarily they wouldn’t earn the interest until they paid for the well costs, so this seems a little unusual. It may be that they did it that way so that Delek would pay the bulk of the yearly rental cost for the 3 blocks, which would save Gulfslope some much needed cash. Interesting.