GulfSlope Energy Inc (GSPE)

[smith199]

The International Energy Forum (IEF) and Resources For The Future (RFF) Outlook Comparison Report link below:

https://media.rff.org/documents/ief-rff-outlooks-comparison-report.pdf

Key findings in the IEF-RFF Outlooks Comparison Report include:
*Fossil fuels are expected to dominate the primary energy mix thru 2040, even in scenarios where countries meet the Paris Agreement’s climate goals.
*The gap between current pathway scenarios and alternative scenarios is large and growing annually, signalling that the zero-carbon emissions scenario may not be achieved.
*Demand for oil is expected to be stable over the long term globally, although demand will likely shift from developed to developing countries.
*Differing outlooks on the expected importance of hydrocarbons suggest that new technologies such as carbon capture, use and storage (CCUS) could have a bigger role to play.
*Nuclear, hydro, wind and solar will account for a majority of growth in the electricity sector, while coal is expected to decline and natural gas faces an uncertain future as a transition fuel.
*Growing climate ambitions in the lead up to COP26 will have significant implications for the energy sector, which accounts for three-quarters of global emissions

The global oil supply and demand imbalance should continue to decline driving crude oil prices upward.

I did get a few pointers a while back from one GSPE poster on which Marine Vessel Tracking System Softwares were reliable on gathering Vessel AIS transponder information. I personally believe vessel tracking systems provide useful information when paired with relevant data, but then again I’m the type of girl that takes the ball away and runs with it, not many can catch me.

BTW, Gulfslope’s history has been to Press Release information on a Prospect 1 to 3 days following a “Spud” date.

Gulfslope could bring a Partner(s) in on the Tau Prospect with deep pockets and the right equipment, but if they are not 100% committed to taking a Tau 2 drill well treasure all the way from Drilling through Production, and yes I mean additional wells and sidetracks, then what a waste of those precious Tau Resources.

Gulfslope’s Canoe and Anadarko VR block 375 Prospects were undoubtedly about trying to acquire some quick production income.

The Tau Economics using the 418 MMBOE Case (gross unrisked) and applying a flat rate pricing of $55/bbl are: Source: Gulfslope’s September 2019 Presentation
NPV10 = $4.6 billion
Full Cycle Costs $4.40 per BOE
ROI - 5.4x
IRR - 85%
Breakeven < $20 per barrel
Gulfslope retains a 25% Working Interest in the Tau Prospect

WTI April Contract @ $61.50/bbl as of 2/26/2021
WTI Wholesale Spot Price @ $63.42/bbl as of 2/25/2021
WTI had a high of $63.71/bbl this week

The Tau Prospect is the Golden Egg with the potential for it’s Recoverable Resources to be exploited and enjoyed for many many many years to come. Absolutely, it could be a once in a lifetime GOM Shallow-water discovery. The GOM OCS offers low breakevens, significant existing infrastructure with multiple points of sale.

It goes without saying if you’re not a serious long-term contender in a Tau partnership then kindly step out of Gulfslope Energy’s way.

The following is Delek Group’s June 30, 2019 Tau Prospect ‘Prospective Resource Report’ on total oil MMBOE estimates for both “Best” and “High” on Target Layers M1 lower, M1A, M3, M4, M5 and M6:
“Best Estimate” 240 MMBOE
“High Estimate” 681 MMBOE

Average Net Thickness in Feet on “Low” and “High” totals for all target layers:
“Low” 325 feet
“High” 1,325 feet

The Netherland and Sewell and Associates, Inc. (NSAI) June 30, 2019 ‘Prospective Tau Resource Report’ was prepared according to the SPE-PRMS rules. It actually is the second (NSAI) report that has been created for the Tau Prospect. The first was in December 2017. Source: Delek Group, Investors, Regulatory Filings


TCMFs,


Mrs. Smith