Value Microcaps Junior Energy

[Bobwins]

I waited all this time(4 years??) gspe finally gets a big partner and they get a drill rig! Drilling starts next week!

So what happens? The stock drops! Oh well. Only a few weeks till they announce it's a hit or a MISS. Shallow well so 15 days to drill. Not sure when they will do the testing, since the rig is contracted to immediately drill the TAU prospect after Canoe. TAU is much deeper(29K vs 6K) so will take longer to drill. TAU is higher risk but could prove up GSPE theory about the existence of Mid Gulf Sub Salt prospects that GSPE says they have found.

Delek has options on several other prospects. They can also buy certain amounts of GSPE stock if they choose. Obviously they won't do either unless they HIT oil/gas at TAU OR like what they see, even if TAU is a miss.

Delek is a multi billion dollar company, so can afford to drill more wells or buyout GSPE, if the subsalt thesis holds up.