Replies to post #4949 on GulfSlope Energy Inc (GSPE)

[spec machine]

I'm always trying to absorb more technical info or at least understand how some of the finer details work in the real world

So I was wondering if you could give some real-world texture on some of the activities that go along with "selling" a deal to partners in exploration

"Data Room" - my understanding is that prospective partners (and their expert geologists) are invited to view presentations (2D and 3D) of the seismic modeling of a selection of prospects and that their team can get a Q&A digging into the technicals of the data processing, look at a variety of perspectives on the formations, compare analog wells nearby, etc

I would imagine that along with that, the drilling budget, the plan for development and some cost estimates are presented for various scenarios

Then I figure the prospective partner management, operations, and bean counters huddle back at their fort to evaluate the offering and formulate a response or offer

Am I on the right track and can you add some color to that picture?

You mentioned that Corvette might be even bigger than Tau

Is there an analog well for that prospect nearby? Or is this based on some of the other discoveries in the "flex trend" (being deposited in the same manner and the timing/structure of their trap)?

I appreciate anything you can share based on your professional experience in this field

spec
edit- anyone else with direct or indirect experience is certainly welcome to chime in too :-)