GulfSlope Energy Inc (GSPE)

[spec machine]

Nothing different today, negligible volume and some jiggles of bid building

So, just a hammock-induced speculation on ripples in the GOM assets

Global operators are currently under huge social pressures to make “green noises”, posturing for social acceptance, anything to deflect from the vitriolic narrative that has attacked the fossil fuel sector

Shell says “our production has peaked” and several majors are pouring $Billions into low-carbon, carbon capture, hydrogen, yada … yada …. yada

All to “please” those who attack, and especially those who can TAX

Cue the EU “windfall profit tax” theme song ….

One of the maneuvers to trim production is divestment of non-core assets …

…. like smaller producing properties

…. GOM assets in that category are exactly what GulfSlope is shopping for

The market for those properties can’t be very broad due to entry barriers inherent to the sector

Generally, I think it is fair to consider that the relevant dynamic SHOULD be shifted towards a “discount” pricing environment or a “buyer’s market” type situation

So, while rig lease and overall well costs appear to remain on the higher end, lease and property acquisition costs could be trending in a favorable direction

Big incentives to get GulfSlope active again and it is clear that the lights are on and the mission remains alive

If my Mega Millions ticket wins tonight I will call GulfSlope and light the fuse myself

BTW, I jumped too many time zones yesterday, it was actually the 3rd day of the circus and today is day 4

Maybe there will be a Speaker elected soon so that a few important issues can be rectified

Cheers

spec