GulfSlope Energy Inc (GSPE)

[MktMvn]

I was involved in the design of the wellbore for Tau-2 just before the new team was hired and all of us originals were let go. So I don’t know what the final wellbore plan was, but it could very well be with a different tophole or bottomhole location. The only thing we can say for sure is the bottomhole will certainly be in a block that Gulfslope has leased. The Tau-2 structure is long and skinny and oriented roughly north-south. Since an OCS block is 3 miles square, there is a lot of territory where the feature could be drilled and end in the Gulfslope block. The good news is they will have a lot of leeway to avoid the shallow section “gumbo” zone which caused most of the Tau-1 problems. They will also certainly have the special drilling package for handling high-pressure, soft-rock conditions. If they don’t, it will be deja-vu all over again.