Can Delek GOM Investments,LLC a subsidiary of Delek Group LTD based in Israel directly acquire a oil and gas leases in the GOM from the BOEM?
Based on BOEM.gov website under their 7 page PDF "Oil and Gas Leasing on the Outer Continental Shelf" Section "Acquiring a Lease" Page 5.
"In order to become a lease holder, a qualified bidder must be a legal entity under United States law. This includes being an American national, resident alien, corporation, or partnership, or any combination of the above."
Was this one of the attractions for Delek to partner with Gulfslopes in their Potential GOM 3 Phase or more on the January 2018 Agreement?
Per Delek Group Ltd's s April 11, 2019 release last paragraph, "Oil and Gas exploration activity we are carrying out in the North Sea and the (GOM) Gulf of Mexico, gives added emphasis to the Group's position in the international energy market."
Per Delek's May 14, 2019 Release "the Company's "Delek" share is USD
70 Million" "after deduction of the insurance monies of 10 Million received is USD 85 Million" Total Tau cost to Delek 70 Million.
Per Gulfslopes May 13, 2019 Release 1st paragraph "Geophysical and Geological models reinforces the Company's confidence that there is resource potential in excess 300 million barrels of oil equivalent remaining" "The company is currently evaluating various options related to future operations"
Question, In the oil and gas Wildcatting industry is it possible that after further analysis (Data/BOEM) on the Tau wellbore could Delek and Gulfslopes reconsider Tau as a Wildcat option? If there is +- 300,000,000 BOE with a potential of over 5,000,000,000 USD would Delek and Gulfslope go back to Tau? Is 70 million to Delek and 15 million to Gulfslope and TXSO too much already spent for this wildcat potential?
Sure hope Corvette's analysis comes back good. Per Gulfslopes 10-Q "Analysis on the Corvette should be completed 2nd quarter of 2019" that would be next month. Also that they acquire the additional financing to continue through the beginning of 2020.
