Replies to post #4763 on GulfSlope Energy Inc (GSPE)

[spec machine]

That's right, V-ger is my data mining AI "assistant"

she gathers tidbits of far-flung data and presents them to me for further evaluation

Much of what is gathered isn't useful but there are nuggets of high value to be found

What I will be presenting in the I-box will be mostly for the benefit of new eyes and secondarily to existing investors as a gap-filler or handy reference

intended info will include -
) a list of useful links to relevant data
) a summary of publicly available background info on the current status of GSPE
) opinion narrative and supporting links on the target prospects and how they represent the "sweet spot" of GOM exploration targets
) opinion commentary on the talent pool represented in GSPE
) some opinion comments, napkin math valuations and examples of comparable recent valuations
) opinion narrative on current market dynamics relevant to GSPE

and other info as it comes to my attention

on the napkin math valuations -

I appreciate the contributions of all but I believe you made a mistake in a recent post

You attributed a valuation of $3.6M to the 5% working interest in Tau formerly held by TXSO and surrendered to GSPE as a settlement for outstanding debt that TXSO was unable to pay

That's fine to just tag a number on it, but in the context of the situation and GSPE having an enormous upper hand in negotiating their default situation, I believe the $3.6M is considerably lower than the real market value of that working interest and what it could be monetized at to a new partner.

With TXSO in default, GSPE could have forced them into bankruptcy by demanding cash. Instead they had the leverage to accept a return of the working interest worth considerably more. In doing so, TXSO was able to continue working toward a recovery. Even though Tau1 was not successful, I believe the data gained adds considerably to the value of that 5% working interest going forward. Only those with eyes on the current geophysical modeling and data logs can evaluate that value but the context of the settlement leads me to believe that GSPE values it considerably higher than the debt that was extinguished in the deal.

More data coming, not getting as much time to compile and present it as I had hoped but it is coming :-)

Hang tight, I think it's going to be a great season for GSPE shareholders

spec