GulfSlope Energy Inc (GSPE)

[smith199]

Most likely the Tau-2 well 1st with the Insurance monies (Logistics) already in place. Based off the Tau-1 well budget I estimate the insurance monies for the Tau-2 well to be around 30-35 million USD dollars.

Gulfslope’s estimated share, on the high-end, of theTau-2 well re-drill insurance monies based on 25% working interest is $8,750,000 (8.75 million) and Delek Group’s 75% working interest is $26,250,000 (26.2 million) converted to Israeli Shekels is roughly plus NIS 90,500,000 so we all can see how important the Tau-2 well Insurance monies could be to Delek Group and Gulfslope Energy.

I anticipate last weeks Executive Order issued by US President Trump instructing all Federal Agencies ”To use any and all authority to waive, suspend unnecessary regulations that impede economic recovery.” ”Agencies should address this economic emergency by rescinding, modifying, waiving, or providing exemptions from regulations and other requirements that may inhibit economic recover” to be a great benefit to some of Gulfslope’s other BOEM Leases.

I see as others do the price of Crude Oil to continue to rise through 2020-2021.

More steps in the right direction for Gulfslope Energy,

Smith