GulfSlope Energy Inc (GSPE)

[MktMvn]

It’s on the Corvette lease which I think they still control. I re-worked it as part of my evaluation of Corvette as I was being ushered out the door. It has zero risk, because Anadarko produced oil from it for less than a day before the reservoir sanded up. But it isn’t a conventional discovery, since the pay sits under a salt overhang. We tried to sell it but got no interest. As with the main body of Corvette, the problem is that data quality is not good enough, and companies see it as something that Anadarko abandoned, so why should they develop it. When I designed the wellbores for Corvette I tried to hit the Anadarko pay on the way down to the big accumulation, because why not. Don’t know what the new team has in mind for it. I am pretty sure it will still be un-drilled when oil exploration goes the way of the dodo.