I think you made a good point in that, Delek’s 22% investment is in the Company not the Prospects.
Interesting Fact 1: Delek GOM Investments, LLC is a wholly owned foreign subsidiary. Delek Group is the Parent who is on the Tel Aviv Stock Exchange. Delek GOM Investments, LLC is the entity that Partnered with Gulfslope.
Interesting Fact 2: “In order to become a Lease Holder a “Qualified Bidder” must be a legal entity under U.S. Law, including being an American National, Resident Alien, Corporation or Partnership or any Combination of the above.” ( Source: BOEM Document “Oil and Gas Leasing on the Outer Continental Shelf”, Page 4 excluding cover sheet, section “Acquiring a Lease”, Paragraph 1)
Maybe this was just one of the many attractions to Partner with Gulfslope Energy. I think it was an array of things, for example their many years of Industry Experience, Mr. Seitz’s Recognition from the Oil Industry, Their extensive Seismic Data collection, Their Past/Current Portfolios, etc., etc., etc.
I think that Gulfslope and Delek have demonstrated their commitment to the Partnership by their drilling of the Tau well no 1, and their ongoing consideration and analysis of Tau well no. 2.
Please reference my May 25, 2019 post no. 2264 for further details on this subject.
Smith