gspe +.02 to .09
gspe has tripled in the last 6 months since signing an LOI with an unnamed international partner to drill one of gspe prospects. The LOI hasn't turned into a JV yet. It's been extended twice and the latest deadline for signing a formal agreement is 1/8/18.
Since my cost is around .50, I have a couple of miracles to go before I yahoo but this could be a turning point.
GSPE is headed by the former CEO of Anadarko. He has lent millions to GSPE to keep them going. They have gathered 20+ licenses to drill offshore Gulf of Mexico in shallow water less than 1,000 feet. They acquired the licenses right about the time oil tanked in 2014.
Depending on IF they sign a JV with a credible player, this could be the start of something good for GSPE or .......not. Watch for PR around 1/8
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