Replies to post #1356 on GulfSlope Energy Inc (GSPE)

[necrow]

Someone correct me if I'm wrong here, but I don't think Delek has agreed to anything past Canoe and Tau yet. I also don't think that the drilling plans for Corvette have been approved yet. I'm assuming Delek is going to want to see results from Tau/Canoe before moving forward with later stages

[Gspex]

Rowan, the Ralph Coffman owner, is in the business of providing rigs and keeping them busy constantly. Because Gulfslope isn’t ready to drill Corvette (no drilling permit yet, maybe no partner yet, etc), they couldn’t commit to keeping the Ralph Coffman busy after Tau is complete. This is not unusual. Most exploration companies don’t have a bunch of permitted and fully planned wells lined up in the queue. So Rowan found another taker for the rig that was ready to go. No big deal. Only complication is Ralph Coffman may not be available when Corvette is, so they may have to locate another suitable rig. If drilling activity picks up, this could result in delays.