GulfSlope Energy Inc (GSPE)

[MktMvn]

Regarding John Seitz - There is no doubt that without him Gulfslope would never have existed. It is his concept, his vision, his obsession. At this point I doubt the company would survive if he wasn’t leading it. The fundamental play concept has not been proven faulty - I truly believe that the Tau well was a whisker away from finding a huge oil deposit when it failed. So I believe that John has always been right on target. But unfortunately he hasn’t been able, with the exception of Delek, to convince the right people. It’s enough to drive me nuts. I can’t imagine how it must be for Mr. Seitz. Nobody would have blamed him if he just gave up. But he is apparently still fighting to prove his vision. If there is any justice, somebody will step up and make Tau-2 a reality. And I am convinced it will be successful.
Regarding succession - John does have a grown son who is, I believe, a petroleum engineer. I met him a few years ago when he asked me to help him with a problem that his employer had run into. He seems sharp, based on a few hours of contact. I have no idea if he is in any way interested in continuing in his father’s footsteps. It is at least a possibility. If Gulfslope does find a field or two, I imagine he would be involved. But who can say.