GulfSlope Energy Inc (GSPE)

[smith199]

Gulfslope’s partner in the Tau prospect, Delek Group, has had it’s bond rating increased due to favorable earnings and paying down debt. Delek Group also owns 24% of Gulfslope’s stock and 75% of the Tau prospect. So it is good to know that they are in a stronger financial position.

Notable excerpts from the Globes’s article:

“… raising the rating was supported by Delek Group's outstandingly good financial positioning, which is improving.”

“The offering of Ithaca, Delek's North Sea oil and gas exploration and production unit, is expected to be at a valuation in the billions of dollars, and to generate high capital gains for Delek Group, but chiefly it will improve its liquidity.”

https://en.globes.co.il/en/article-midroog-upgrades-delek-bond-rating-paving-way-for-ithaca-ipo-1001417832





Mrs. Smith