GulfSlope Energy Inc (GSPE)

[MktMvn]

If Delek wants to get any return for buying 22% of Gulfslope then they are going to have to act to increase the company value. That means moving some of the “probable” reserves into the “proven” category. And the only way to do that is drill wells. I know past results won’t necessarily be duplicated, but last winter when Tau was being drilled the stock price went to 7 cents and pretty much stayed there for months. When there was positive news it went as high as 15 cents for a few days. So........Delek has to drill or write off their investment. When they do drill the stock might go to 7 or so like it did last time. Sounds like an argument for picking some up for 3.5 cents now. Unless you think Delek will walk away from Tau. Delek’s investment is in the company, not in a few specific prospects. So that gives them an incentive to participate in things like Corvette and Canoe Deep. Delek needs Gulfslope to succeed and they have the money to take a good shot at it.