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That GSPE 1.4 million share bid has been

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smith199 Member Level  Wednesday, 07/15/20 10:59:51 AM
Re: Philvb post# 3803
Post # of 4225 
That GSPE 1.4 million share bid has been out there on and off for 2 weeks. It come and goes and it comes and goes. You get my point. Let’s see some real sustainable GSPE volume hitting the “Ask”, then I would say yes.

Glad to see the realization that the price of Crude Oil is part of the foundation of any drilling program. The EIA’s July 2020 Short-term Energy Outlook Forecast has increased the price of crude oil again for 2021 The price of crude has been increasing on each of the EIA’s monthly short-term forecasts. Crude is currently holding in the low 40’s/bbl with LLS @ $42.10/bbl as of yesterday. Gulfslope’s Prospect’s Breakeven is less than $20/bbl.

There are many facets that contribute to the price of crude oil, and it’s not just limited to simplistic reasoning.

Over the years, Gulfslope Energy has proven to be a survivor and sometimes with pleasant surprises up their sleeves, that is why I’m GSPE Long and Strong,



Smith

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