GulfSlope Energy Inc (GSPE)

[spec machine]

A bit disappointing regarding the lack of communication but GulfSlope is hardly alone on that

Doesn't make it any better

Not a peep from CENAQ - CENQ either, it's the SPAC that raised $150M for acquisition of "undervalued/undercapitalized oil and gas assets"

No targets announced yet

A longshot, but there are probably no other "turn key" wildcatter plays available with the risk/reward comparable to GSPE

A well funded hedge fund or a fresh new Bitcoin Billionaire, I don't care

The investment environment for upstream oil & gas hasn't been this good in a long time and every day it keeps getting better - WTI $87, Brent tops $90

Starts to make sense to throw down $40M with a chance at $1B (or 3)

spec

PS - the tax benefit of the NOLs alone is higher than the current market cap, if I'm figuring the right marginal tax rates