GulfSlope Energy Inc (GSPE)

[smith199]

Vermilion 376 Fixed Platform offers additional time savings and overall costs savings to the VR 375 Corvette Prospect of 200+ MMBOE, VR 375 Anadarko’s Discovery Fault Block of 8 MMBOE, and the two adjacent VR 375 Fault Blocks of 21 MMBOE, in my opinion.

In my observation, it significantly reduces the “timeline” to get the Anadarko 1996 Discovery Fault Block well into production, only “9months”. The Fixed Platform “offers option to extend well into deeper Corvette Prospect” too. To me, this is a big deal in the overall well’s “chance of success”.

Ownership of the VR 375 Anadarko Discovery well, and BOEM Lease G36357 with the option for the “Fixed Platform” is a clear advantage to the overall “chance of success” on these prospects, in my opinion.

Hoping for more good news.

Source: Gulfslope’s September 2019 Investor Block, Go to Gulfslope’s website, Investor, Company Information, Presentation.

Smith