GulfSlope Energy Inc (GSPE)

[smith199]

Current Drilling MMBOE Opportunities in the Vermillion Area, Block 375 GoM for a 100% Working Interest are 238 MMBOE with $3,810,000,000 NPV10.

MMBOE VR 375 recap:

8 MMBOE, $140 MM NPV10, VR 375 Development
21 MMBOE, $370 MM NPV10, VR 375 Exploitation
209 MMBOE, $3.3B NPV10, Corvette Prospect

NPV10 is the value defined as the present value of the estimated future oil and gas revenues, reduced by direct expenses and discounted at an annual rate of 10%.

This does not even include the 100% working interest in the Tau Prospect of 418 MMBOE, with $4.5B NPV10.

Hoping for more good news soon.

Source: Gulfslope Energy’s 2019 Johnson Rice Energy Conference Presentation.
Gulfslope Energy’s website, Investor, Company Information, Presentations.

Smith