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Tuesday, March 10, 2020 3:59:05 AM
WTI was around $ 40 a barrel then
building Momentum :
-Annual leas sale March 2015
- Uplist to National exchange .
- Announce drilling plans and file permits
- Drilling RIG commitment.
- Spud first exploration well late 2015 begin 2016 .
-
Phase 1 drilling program : GSPE has high - graded 5 prospects , with mean unrisked resource potential
---------------------------- of 623 MMboe
Attractive returns in currant commodity price environment with F&D costs
of $ 3 - $ 10 per Boe
leveraged to both oil and gas weighted
How they compare :
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Gulf of Mexico leads the North American market for lower cost NEW oil production
- previous deepwater discoveries under development benefit from significant cost spent today ,
but new deepwater mioscene fields breakeven @ $ 50/boe
- GSPE full - cycle breakeven cost @ $ 20 - $ 25 per boe allow drilling through commodity cycles
- GSPE range in breakeven cost vary by water depth and oil vs gas mix
Recent GSPE News
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 08:30:38 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 02/14/2024 10:16:05 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 12/29/2023 09:21:09 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 08:47:32 PM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM
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Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM