Replies to post #3158 on GulfSlope Energy Inc (GSPE)

[spec machine]

Delek is currently working with all the ‘Groups’ Bankers to rearrange their lending agreements to accommodate for the down turn in the market ( Force Majeure - a contract provision that relieves the parties from performing their contractual obligations).

Good to know, thanks for the info

This is a very good thing!

I disagree, but if it prevents them from losing contract deposits and performance bonds, it will help the cash preservation considerably

spec

[smith199]

Just to clarify... I do not believe the underlying circumstances to be “a very good thing”. But, when Delek Group and it’s affiliates could possibly modify their loan clauses for the benefit of Delek Group, now that is a “very good thing”. (Grins)

Smith