Replies to post #2753 on GulfSlope Energy Inc (GSPE)

[Dreaminagain]

I am will continue to be long and strong GSPE. However, too many shares outstanding to get super excited right now.

[smith199]

Gulfslope’s website is currently showing 1,092,266,844 shares outstanding. This is reflected on other sites as well. They have 1.5b shares authorized.

Even with using the 1.5b GSPE authorized shares, if they “prove a commercial reservoir hit” on just one of their Prospects - well let’s do the math.

Example using the Tau Prospect’s NPV10 at Gulfslope’s 25% working interest:
Gulfslope’s 25% of the Tau Prospects NPV10’s $4.5b is $1,125,000,000
Dividing Gulfslope Tau’s 25% $1,125,000,000 NPV10 by GS’s 1.5b shares authorized results in:
$0.75/share

I used the Tau as an example, we can all do the math on the Anadarko/Corvette Prospects. The example above was based on Gulfslope’s flat-rate pricing of $55/bbl not the 12/16/19 Spot price of $64.21/bbl.

The actual $/share in the “example” above could potentially be even larger with Louisiana Light being quoted at anything above GS’s flat-rate price of $55/bbl.

This is just my personal analysis, and is not to be used by anyone to base their investment decisions off of.

Smith

[smith199]

Louisiana Light up +0.4% at $65.10/bbl for 12/19/19.
Gulfslope used the flat-rate price of $55/bbl for their Prospect’s BOE NPV10 off the 2019 Presentation.

That’s a 18.36% increase from the eia.gov’s Spot Price of 65.10/bbl, and GS’s flat-rate Price of $55/bbl.

Sources: eia.gov (Wholesale Petroleum Spot Price)
Gulfslope’s website, Investors, Company Information, Presentations, September 2019

Mrs. Smith

[smith199]

Louisiana Light $65.46/bbl up +0.6% as of 12/30/19.

That’s a 19% increase from the eia.gov’s Wholesale Spot Petroleum Price of $65.46/bbl, and GS’s flat-rate price of $55.00/bbl.

At a 100% Working Interest
Gulfslope Prospect’s BOE NPV10’s off their 2019 Presentation are:
$3,300,000,000 NPV10 for the Corvette Prospect
$510,000,000 NPV10 for the Anadarko Prospect
$4,500,000,000 NPV10 for the Tau Prospect

At a 100% Working Interest
A 19% Increase would have the following
“additional amounts”
$627,000,000 NPV10 for the Corvette Prospect
$96,900,000 NPV10 for the Anadarko Prospect
$855,000,000 NPV10 for the Tau Prospect

Price per barrel is a variable in the Prospect’s Profit Margin calculation, and any price increase, as you can see, can be material in a well becoming “Commercial”.

Also, Oil and Gas Operators are at an advantage due to oil prices being below $100/bbl. There is a significant decline in overall drilling costs, since there are fewer operators in the Gulf of Mexico. Lower Operating costs increase Profit Margins making a well more viable for production.

Sources:
eia.gov
Gulfslope’s website, Investors, Presentations, September 2019.

Smith




Please do not base your investment decisions off any message board posts.