GulfSlope Energy Inc (GSPE)

[smith199]

Delek Group holds 24.46% of Gulfslope’s share capital, and 75% working interest in the Tau Prospect’s Recoverable Resources.

On March 9, 2020 Delek Group released their March 8, 2020 Cash Flow Forecast Report. Delek’s consolidated cash flow forecast report is for a period of 6 years commencing January 1, 2020 through December 31, 2025.

Delek’s Exchange Rate used on the forecast report is USD 1 = NIS 3.45.

Delek’s cumulative cash flow forecast closing balance of cash and liquid balances at the end of the sixth year (December 31, 2025) is 605 million USD

For the first two years ending December 31, 2020 and December 31, 2021 Delek’s Closing balance of Cash and Liquid balances is 280 million USD and 237 million USD, respectively.

To be conservative Delek did not include some items in their cash flow forecast, but they still had a significant positive additional impact on the forecast. A couple of the items were taking on a Partner Pre-IPO in Ithaca, and disposal of additional non-mortgaged and lien free assets. Delek also hedged Ithaca’s production volume.

Delek’s net total financial debt at the end of the sixth year (December 31, 2025) is only 9 million USD.

I thought these were some important facts to point out on Delek’s March 8, 2020 Cash Flow Forecast Report, since Delek Group is a 75% working interest partner in the Tau Prospect and a 24.46% GSPE shareholder.

Source: Delek Group’s website, Investors, Regulatory Filings, March 9, 2020 Cash Flow Forecast Report


Smith




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