GulfSlope Energy Inc (GSPE)

[MktMvn]

It’s pretty obvious from the length of time the rig has been out there, and the number of different wellbores, that they have been having trouble getting anywhere. Bypasses usually are a result of losing the hole and having to go around the mess. Essentially drilling a section and then having to redrill some or all of it. That could explain why it is taking forever - they’re not only drilling it once, then they drill it again. A sidetrack, on the other hand, usually indicates that one target has been penetrated and the well is being re-directed to that target in another location, or to another target. Bypass - trouble. Sidetrack - cartwheels. Haven’t been following all of the permitting on the government website, but if a Sidetrack shows up for approval, that could be a nice indication.