I’m thinking those Valaris rig contract rates are going to get a lot more competitive in 2020, possibly with some additional discounting. (Grins)
Several have mentioned this before, but again Gulfslope on a Tau-2 well would initially be in a drilling phase not a production phase. With most of the costs (around 3/4) being covered by the insurance company. Also, some Service Companies might be more than willing to adjust their cost factor through the 3rd quarter of 2020.
I did notice around 1:49 pm eastern time GSPE ‘Buy’ orders totaled around 704k @ $0.099. Then a GSPE ‘Sell’ order for 260k @ $0.01 was filled. Then the GSPE’s ‘Buy’ orders totally 704k went away (cancelled??), and a 600k+ GSPE sell @ $0.099 was filled.
Currently 1.8 million shares of GSPE have traded. Definitely strong interest there.
Like President Trump said in his press speech to the Nation today, Why the Heck Not!
Why the Heck would Gulfslope and Delek Not Drill a Tau-2 well in 2020, the Logistics are in place!
President Trump actually used a much stronger word than ‘Heck’ today. LONG AND STRONGER, baby!
Smith
Please do not base your investment decisions off any message board posts.
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