Thursday, March 09, 2023 11:01:56 AM
.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
Recent GSPE News
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 09:10:21 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 08:30:38 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 02/14/2024 10:16:05 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 12/29/2023 09:21:09 PM
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