Delek Group has recently been engaged in business dealings with Gulfslope Energy. They have 75% working interest in the Tau Prospect with 418 MMBOE Recoverable Resources, they are a major shareholder of Gulfslope Energy with the potential for over 300,000,000 shares of common stock. I would say they are very engaged and a big supporter of Gulfslope Energy. How could you not believe in a company that you are a Long Investor in with over 300,000,000 potential shares, and with 75% working interest in 418,000,000 BOE of resources.
Delek Group and Gulfslope Energy have never press released they are not still partnered. In fact, there is a October 22, 2019 “Post Drilling Agreement” between them. (Questionable Folklore and Rumors spreading on the board)
Gulfslope has not yet pressed released who the Anadarko/Corvette Farm-out Partners are. Could be Delek, Delek and Others, or just Others.
We Do Know Delek and Gulfslope are “Considering Further Drilling”, and are in the process of “detailed engineering” of the Tau Prospect. Gulfslope Press Released their intentions are to drilll the Anadarko Discovery first. I believe, we all suspect that decision was due to being in Production in just nine months with the potential for earnings per share going into the Tau Prospect.
The Anadarko/Corvette and Tau are “Drill Ready” as they say in the industry. The BOEM is revising the G35193 7/9 EP approval to include the VR376 A Platform, which Gulfslope is currently in the process of a (PSA) Purchase Sale Agreement on. I think we all realize acquiring this Platform affords us a “Greater Chance of Success” on the Anadarko/Corvette Prospects, thereby insuring those “Earnings Per Share”.
I know, we are also glad to see Gulfslope finally having the potential for a “steady income stream” (Anadarko Discoveries Earnings per Share) while drilling the Tau Prospect. The Tau could possibly run concurrently with the Corvette once things are in motion.
I was thinking about what someone just recently posted: the Short Investors have always been there at those levels so nothing to be concerned with.
Personal Opinion
What a Testament to Gulfslope and their Long-term investors. Any size company would be effected by that, but Gulfslope is still here and progressing forward with their GOM OCS Sub-Salt vision. It looks like any past economic conditions, and any nonbelievers can’t stop this train.
Smith
