GulfSlope Energy Inc (GSPE)

[smith199]

I was reflecting on what the WTI pricing (Cushing, OK WTI Spot Price) was when Delek Group signed on as a working interest partner in the Tau Prospect during the 3rd quarter of 2017. See historical EIA crude pricing links below:

https://www.eia.gov/dnav/pet/hist/RWTCD.htm

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=F003075773&f=M

It appears the range in Spot Pricing was in the low to high 50s per barrel for both WTI and LLS during the 3rd quarter of 2017.

In the 3rd quarter of 2018 when Gulfslope Spud the Canoe Prospect and the Tau 1 well, the range in the WTI Spot pricing held in the high 60s per barrel, LLS for a while there was ever so slightly entering the low 70s per barrel but pulled back.

Surely Gulfslope has already formulated a plan on what the perfect conditions would be to proceed with a Tau 2 drill well.

I too believe conditions are inching closer for a “drilling partner, rig and spud date” on a Tau 2.

spec, you have said for almost a year on the board WTI needs to hold stable in the high 60’s for a “Spud” date, you could be right again.

Crude oil inventories increased by 1.3 million barrels from the week earlier 2/19/2021
$63.34 WTI March Contract
$66.86 Brent April Contract

Wholesale Spot Prices as of 2/24/2021:
$63.21 WTI
$66.85 Brent
$65.66 LLS

https://www.eia.gov/petroleum/weekly/

https://www.eia.gov/todayinenergy/prices.php


Mrs. Smith