Replies to post #1374 on GulfSlope Energy Inc (GSPE)

[spec machine]

The Mahogany subsalt discovery of Phillips Petroleum Company, in partnership with Anadarko Petroleum Corporation and Amoco Production Company, is the petroleum industry's first commercial subsalt oil development in the Gulf of Mexico. Located 80 miles offshore Louisiana on Ship Shoal Blocks 349 and 359, the Mahogany #1 (OCS-G-12008) was drilled in 375 ft of water to a depth of 16,500 ft and tested both oil and gas below an allochthonous salt sheet. The discovery well tested 7256 BOPD and 7.3 MMCFD on a 32/64" choke at 7063 PSI flowing tubing pressure (FTP).

spec

[Gspex]

The information release from Delek was a pro forma thing required by the Israeli version of the SEC. Had nothing to do with plans by the partners for the well. I’m pretty sure they are still planning to go as deep as the well design will permit. Probably 20000 feet+.