Without Delek, nothing is going forward, because they own the biggest share of Tau. Either Delek has to agree to fund at least 75% of Tau-2, or GulfSlope and a partner would have to buy them out. Logistically, I think GulfSlope is doing everything they can. But lining up funding is more difficult than getting a rig and designing a well. Negotiations may be ongoing, or a new partner may just be eluding them. I agree - it would really be nice if longtime shareholders could get some inkling of what is going on, and if there is still hope that GulfSlope will eventually discover some oil. They have the prospects.
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