GulfSlope Energy Inc (GSPE)

[MktMvn]

The rig won’t move until there is a permitted location to go to. So far BOEM doesn’t show that they have received, let alone approved, an application for any well site from Gulfslope. Doesn’t mean they aren’t working on it, but until it’s approved nothing happens. Also the Tau-2 may have a new location that might even be in a different lease from Tau-1. I don’t think they’re anxious to mess around in gumbo for weeks like last time.
I’m as anxious and hopeful as anyone here that Tau-2 will get going this spring. But patience is required. When they get their permit it probably won’t take long. Until then, that rig will stay in port.