GulfSlope Energy Inc (GSPE)

[smith199]

I think the name of the game here is to do your own research and due diligence. Then form your own conclusion based on these efforts, and make investment decisions appropriate to the circumstances.

There will be those so committed to their objective that they do not seek to identify and understand the trends, preferring instead to only pummel the share price.

This intent is easily spotted. These participants are unlikely to have the ability to predict the future course of the stock based on what is happening in the marketplace.

Rather than relying primarily on perceptions, doing research and due diligence, which results in being informed and aware, is what leads to being Bullish or Bearish. Only time will tell the tale.

For those seeking confirmation that Gulfslope is still intending to drill in the GOM, according to the BOEM Chief Notes - Weekly Activity Reports, and Adjudication Files there is no record of the Tau lease being relinquished. In addition, BSEE’s December 1, 2023 Active Lease by Designated Operator Report still identifies the Tau as an active lease. So evidently Gulfslope Energy and Delek Group recently paid their Tau lease annual rental payment of $105,000 ($21 x 5000 ac). I cannot stress enough the importance of this as an indicator of future intent.

Link to 12/1/2023 Active Lease by Designated Operator Report (page 43): https://www.data.bsee.gov/Leasing/Files/1360.pdf

The next indicator to expect is Gulfslope’s ‘audited’ financials (10-K) due out this month.

All things considered, one should contemplate the possibility of an upward movement in the subsequent share price in 2024. Plan accordingly.

As for future paths from this point forward, I will remain a moderator for this message board. As my schedule permits, I will also continue to answer questions.

Visions of relaxing in a hammock under the warm sun are certainly appealing. However, the next tasks ahead for me are completing my Christmas shopping and Holiday visits to family and close friends.




Mrs. Smith