GulfSlope Energy Inc (GSPE)

[Gspex]

Two ways (at least) to approach that. One would be to find a peer group of O&G companies which resemble what a successful Gulfslope would be. Unfortunately, almost every possible peer in the Gulf of Mexico is privately funded and does not issue stock. The two small GOM companies I found that are public were very mature, established exploration and production outfits with stock price in the mid twenties. It will take many years until Gulfslope gets there. So peer comparison is nigh impossible.
The other likely way to value the stock is to use an estimate of company asset value and divide by number of shares. Canoe, even if wildly successful, would add only a few million dollars to Gulfslope’s assets. So it is unlikely to move the share price too much. It is important from the standpoint of giving the company a steady income, however. Tau and the other deep prospects if they came in could be worth billions. However, you immediately get into questions of how much oil Gulfslope can actually produce, and when, and what their margin will be. I would expect that if Tau is successful there will be a very large bump in the share price. But there are so many variables that it is impossible to say how big.