GulfSlope Energy Inc (GSPE)

[spec machine]

A “cultural neutral” standoff again so far

.007 on the ASK showing just 10k but it’s through GSTM so there’s likely more backing it

WTI jumps to $78 briefly and currently $77

Here’s the thing about GSPE -

Reality plows through good intentions like a dozer over daisies

Reality - the global market for crude may waver and wiggle but it will be RELENTLESS

GulfSlope has “drill-ready” prospects, both on the Tau lease block and blocks that will be auctioned this month

In addition, the Tau prospect is optimal in several key areas, low royalties, high permeability and production flows (reasonably assured by analog Mahogany), lower capital requirements than deep drilling (shelf jackup and existing pipelines nearby), faster time to first oil, etc….

So, the pitch is still as good as day1

The market environment is domestic exploration is dramatically different, some huge hurdles and one big positive (crude pricing having an apparent floor in the low $70’s)

The bulldozer is coming and upstream investment MUST return to GOM oil & gas

If GSPE catches a little fire, we’re off to the big party

I’m an optimistic person but I never bet against the bulldozer

spec