Value Microcaps Junior Energy

[Bobwins]

GSPE +.0088 to $.1468

Gulfslope keeps climbing. Spud PR has to be close. They have drilling permits for both wells, drill rig is contracted and spud should happen in the next few weeks. First well will be drilled and the rig will immediately move to second site and drill second well. Actual results will take until November/December to be reported.

Both sites are relatively close to producing platforms so tying into existing pipelines should shorten time to actual production IF either/both wells hit.

Big change will come from second prospect, TAU. This is the one that has much bigger potential to substantiate GSPE theory that significant oil deposits exist under salt domes.