GulfSlope Energy Inc (GSPE)

[Trip-Fontaine]

from sellers that may be distressed from being over leveraged and unable to operate within budgets.

Well it sounds a bit like GSPE could be a target. However we should wait and see if the Cenaq IPO will get real. I just dont see those guys pulling off 150m without any prospects (?) and their track record. The CEO from the bankrupted Freedom oil and gas (Freedom and debt dont rhyme very well), and Chairman from GSPE and TXSO. Why should these guys get 150m while GSPE hardly got anything when they had all their prospects?

At least the Chairman learned from GSPE mistakes that you need to raise a large pile of cash before you start a new venture.