GulfSlope Energy Inc (GSPE)

[spec machine]

Interesting, it has been a long road to get here

Seitz, an industry veteran (some might say a legendary wildcat leader), has $millions personally invested @ .06 average IIRC

Other related parties, initial investors, and upper management are invested @ .06 - .12

The drilling at Tau encountered a slew of technical challenges and the well has been PA'd along with the Canoe well

Delek paid their share and loaned GSPE another $10M which they then converted entirely into new shares of GSPE @.04 at a time where they were fully aware of the difficulties and preliminary results up to that point

Drilling at Tau was suspended before reaching full depth, possibly before any decent size target, for reasons other than what the logging was indicating

GSPE has no partner commitment for additional drilling yet, has no rig contract yet, and has not released any well results yet except that they had hydrocarbons and high pressures

no results released yet, none

Now we're waiting for something

results, a rig contract, another 2-well drilling program

or failure

SP is stuck @ .03, a point in the GSPE timeline of maximum strain

coiled tight, ready to leap ...

... or implode

spec

I want the TRUTH even if I can't handle the truth