GulfSlope Energy Inc (GSPE)

[Ed Ajootian]

Bobwins et al, thanks for your responses. I had planned to put something in about Seitz keeping the company afloat during the downturn but my post was already getting pretty long so I decided not to add it in.

It was a bit disappointing to hear that this first well is taking a little longer than planned, since it probably also means that it is going over budget.

As evidenced by the trading action last week there is still a lot of cheap stock trying to get blown out before there is any announcement on the Canoe drilling. Can't say I blame someone for blowing out some of their position if they bought at, say, $.02 a share and are looking at a sure quadruple or more at this point.

I was thinking/hoping that the Enercom presentation would bring in buying to offset the dumping of the cheap stock but it looks like most of the folks who may have interest in the stock would like to see them make a discovery before buying the stock.