GulfSlope Energy Inc (GSPE)

[smith199]

After a little more review of Gulfslope’s current September 2019 Johnson Rice Presentation, I noticed the Corvette (all of VR 375) and Tau were very close in their 100% working interest NPV10 dollars. The Corvette’s NPV10 dollars was $3.81 Billion, and the Tau’s NPV10 was $4.5 Billion, but their MMBOE was 238 and 418, respectively.

In my opinion, the Tau Prospect could have extraordinary potential beyond the 418 MMBOE. Look at W & T Offshore, and their continued Seismic Testing/Analysis, Development and Production of the Mahogany field.

But in my opinion, all of Vermillion Block 375 & 376 (Corvette Prospect) is a huge win too ($3.81 Billion @ 238 MMBOE).


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%.

Source: Gulfslope Energy’s website, Investor, Company Information, Presentation, September 2019 Johnson Rice Energy Conference Presentation, dated: September 16, 2019, Page 8.
W & T Offshore website.

Smith