GulfSlope Energy Inc (GSPE)

[smith199]

Delek Group reported a March 8, 2020 Cash Flow Forecast through 2025. Delek Group’s Cash Flow Forecast reflects Delek fulfilling all its obligations through 2025. Delek Group did spell out that they had hedged.

Because of Delek Goup’s recent oil and gas deals they have been able to increase production and cash flows, all the while, meeting any debt obligations through 2025.

Gulfslope’s Vermillion 375/376 Anadarko well would be part of the larger Corvette Prospect drill, and that is currently in Pre-drill Operations.

Gulfslope’s Ensco 102 Heavy Duty Jack-up Rig with Valaris is scheduled to commence March 20th, and they anticipate the BOEM and BSEE to approve the Tau-2 well permits later this month.

Overall, Gulfslope Energy (GSPE) continues to have more buy order’s than sell orders, continually raising GSPE’s average daily traded volume. I am hoping the ‘Bids’ are getting their shares from that “big outfit”, and the smaller individuals GSPE investors are not selling and missing out on the next 2020 drill.

I believe all these short-term situations will not affect the long-term outlook of oil prices over the next 5 years. Emerging Economies will continue to grow raising oil and gas demand while supply decreases. BTW, so does Exxon and Chevron. Besides, how long can Russia and Saudi Arabia continue with their decisions without bankrupting their own countries.


Smith,



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