GulfSlope Energy Inc (GSPE)

[Pdaddy2]

I haven't seen anyone ask this question, yet. From the PR, GSPE states with "confidence that there is resource potential in excess of 300 million barrels of oil equivalent remaining in the untested zones. The Company is currently evaluating various options related to future operations in this wellbore and testing of the deeper Tau prospect." If that is the case, and if in fact Delek currently has $90MM tied up in the well, and Delek owns 238MM shares of GSPE common stock and apparently isn't selling their stake, why isn't a new rig being leased and hauled to the zone to finish this well off? The math is pretty simple, 300MM BOE times $25 (current price of a barrel of oil $60+ minus $35 rough cost to produce a barrel of oil) equals $7.5 Billion in gross revenue which imho would make everyone happy. I believe the Delek guys are solid business guys and have a billion dollar company to prove it. The course of action is clear, and I think in the next few weeks, you'll see action to confirm their intentions to make this thing successful. IMO.