Replies to post #3918 on GulfSlope Energy Inc (GSPE)

[smith199]

I see Delek Group still in Preservation Mode for 2020 and 2021. Delek might apply their Tau-1 well insurance monies against Gulfslope and Tau/Canoe assets, write-offs or impairments. I just don’t see Delek Group still recognizing Gulfslope as a viable asset on their financials anymore considering the steep decline in GSPE’s share price, the Tau-1 well incident, and Delek Group’s financial condition since the crisis. Delek Group’s Board of Directors would require realistic asset values on Delek’s financials, which should include the Gulfslope asset and the Tau/Canoe Prospects.

Delek is still listed on the BSEE Data Center as having a 75% Title interest, but that really does not mean a whole lot since the BSEE Data Center’s lead-time can be several months.

With Delek Group’s financial situation since the crisis who really knows what their plans are.

Hopefully things will start to turn around for Gulfslope in 2021. Thank goodness for the insurance monies to soften the blow during the crisis, and to better position Gulfslope Energy.


Smith