GulfSlope Energy Inc (GSPE)

[smith199]

Thanks for the information, as always very much appreciated. Not a big conspiracy theorist, just my observations and opinions.

The price of oil could easily turn around and rise again just as quickly as it fell with an OPEC+ agreement, Mid-East political tensions (as we all saw unfold this past September 2019), the eventual decline of the virus, Emerging Economies, ect.

But, the price of oil per barrel is still forecasted to rise in the second half of 2020 through 2025, due to increased demand and decreased supply.

I don’t believe these short-term situations will sustain, and change the overall forecasts for the next five years. BTW, neither does Chevron or Exxon regarding their current drilling campaign outlook.

Exxon’s CEO Darren Woods gave an interview to CNBC explaining how they forecast demand to rise and supplies to decrease during the next 5 years. Exxon will continue with their five year drilling campaign as scheduled with no reductions in drilling. As will Gulfslope Energy with their 2020 Drilling Campaign. Gulfslope’s Ensco 102 Heavy Duty Jack-up Rig contract with Valaris commences March 20th, and they anticipate the BOEM and BSEE to approve the permits in late March.

Long and STRONG, and would never miss out on GSPE’s next 2020 drill.


Smith





These are my personal thoughts. Please do not base your investment decisions off any message board posts.