GulfSlope Energy Inc (GSPE)

[Gls3ms]

I’m in operations and on land now. I have a general knowledge of geology/reserves. It’s a big gamble (obviously) until they TD the well. But if they do, and the well is what they say it is this .06 stock could eventually be way up in the dollars. I don’t think it will be over night. I’m sure it will jump if there is good news on the Tao well but I don’t foresee it going up and staying until they start flowing the wells to production. That’s years away. There is also the possibility of a larger major buying them out if they have success. I’ve bought this one to hold long.
I’m in with GSPE and TXSO at roughly 80% HSPE and 20% TXSO. GSPE is operator and has more interest. I’ll likely dump TXSO if the well tests good and stock goes up. Then I’ll buy back in when it drops while everyone is waiting for the wells to go to production.
What I see is a legitimate company, with legitimate acreage, backed by a legitimate operator. For a .06 stock it sure has a lot going for it. Of course it all rides on drilling success, but there is enough going for them to see this as a serous buy and hold for big money down the road. This is not your average pump and dump penny stock. These guys have a legitimate chance to make it pending success of this well.