GulfSlope Energy Inc (GSPE)

[Bobwins]

Of course it's possible Delek will buyout GSPE. But I'm sure they won't do it unless the underlying hypothesis is proven. They are not going to move until/unless we hit oil. As you can tell, the three well deal with gspe is small potatoes for Delek. Although it's not mentioned in the translated piece, this venture would also diversify Delek into mostly crude oil versus their all ngas ventures offshore Israel.

We have an excellent partner. Now we need to hit oil to take advantage of their financial clout. After that, a buyout would be logical. If we hit oil but it's a modest find or we miss, Delek may move on to other ventures/partners.

So in the end, we have to wait and see what happens with the upcoming test wells. We can speculate but it's just idle chatter.

The drills are turning. Let TAU do the talking!