Value Microcaps Zip Code Changers

[Bobwins]

Upcoming Boom or BUST!

GSPE. This is a microcap playing with the Big Boys. GSPE has around 20 licenses in the mid Gulf areas with water depths below 1,000 feet so that the biggest jackup rigs can be used instead of the huge and expensive drill ships that are needed beyond those depths. GSPE has pedigree. The CEO, family and friends have been bankrolling this venture for the past several years. The CEO and most of the staff come from Anadarko, where the CEO of GSPE was also CEO of Anadarko. So officers and insiders have skin in this game.

GSPE is holding licenses in relatively shallow water but there's a catch. Their projected oil pools could be very deep beneath the surface. Hidden beneath salt layers that obscure seismic readings. GSPE contends that major improvements in technology allow them to identify these potential big oil pools. This is an unproven theory.

GSPE was started when oil prices were soaring. They tied up the licenses but couldn't afford to drill themselves so they sought a bigger partner. Then oil prices dropped and Gulf drilling stopped. After several years, GSPE found a multi billion market cap Israeli gas producer, Delek, that was interested in diversifying into oil exploration in a safe jurisdiction. They optioned up to 8 of GSPE's projects. They drilled one well this year, targeting a shallow Gulf target that was supposed to be high probability but low potential. This was not a test of their main theory. Then they moved the drill rig to the TAU prospect. This is a true test of their theory. The oil is supposed to be deep beneath the Gulf at 29,000 feet. The drilling should be almost complete this month and testing results should be announced around year end.

GSPE is a penny stock with hundreds of millions of shares out. Today it's .0575, rising a bit because of speculation because we are close to knowing whether GSPE is fact or fiction. If they hit TAU, GSPE would be a 20% owner. Delek holds 75% and another penny stock has 5%. TAU is projected to have 300 million barrels of oil in the ground. GSPE has a healthy 50 million market cap now. If TAU comes in, it could be in production within a couple of years due to nearby infrastructure. But in addition to TAU, GSPE's value would multiply based on the other prospects in their portfolio.

https://ir.gulfslope.com/press-releases/detail/141/gulfslope-energy-spuds-tau-prospect

Check out the background of the staff. They don't promote like most penny stocks. They have just held on during the downturn in prices and waited for a real opportunity to prove their theory. IF TAU is a bust, they aren't done but obviously the share price will crater short term. Delek has the option to continue drilling on another of the 8 prospect package but could also walk away.

So this is a true Zip Code Changer. High Risk, high reward. Do you feel lucky?