What’s going on with the stock is really irrelevant at this point. What is relevant is that Gulfslope has money for a Tau-2 well, and the well will be much cheaper than thought. At this point a drilling contractor might drill for cost, just to keep a rig and crew together and busy for a few months. We don’t care what the price of oil is until a couple of years in the future when presumably the price will have recovered. Since Gulfslope has no current production they aren’t having to shut in wells to avoid going broke. So there is good news. I just wish that the BOEM guys would get on the stick and approve the Tau-2 drilling permit. If we had that, things would be really good. Despite the meltdown.
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