GulfSlope Energy Inc (GSPE)

[MktMvn]

To everyone: Oil exploration is very complex, so I understand why there is confusion. Gulfslope’s emphasis is to try to find deepwater type oil accumulations on the GoM Shelf, the Shelf being the shallow water area that goes out a long way from shore. The company has never leased a “deepwater” block, so they obviously want to stay in the shallower water where everything is cheaper. So, yes, they would never be on a list of companies drilling in deep water. This should all be covered somewhere in the public information on Gulfslope. This board is pretty outstanding about providing information - if you have questions just ask rather than fumbling around and speculating. Also, if the company had released the rig, or made any other fundamental move on Tau, we would have heard. The rig is still at Tau and conducting some kind of operation. Beyond that is unknown, and we will have to wait for news.