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Re: None

Monday, 03/01/2021 12:09:06 PM

Monday, March 01, 2021 12:09:06 PM

Post# of 7974
Evaluate the prize -

Gulfslope was at 14 cents a share in July 2018, and that was just on Press Releases of them planning to drill the Canoe & Tau, the Rig being under tow pending final inspection, and Gulfslope waiting on the drilling permit from the BOEM

If the Tau-2 well is successfully drilled and completed

Recognizing the already identified 6 major target layers with the estimated 100% WI Recoverable Resources of +400 MMBOE (from the independent resource evaluation)

and a NPV10 of 4.5 billion dollars (if you're not sure what NPV represents, it's a key bit of valuation metrics that you NEED to understand)

GSPE's 25% WI of the NPV10 is $1.13B

That's just one prospect

spec

- Foglifter -

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