Replies to post #5063 on GulfSlope Energy Inc (GSPE)

[GBExpress]

I checked LinkedIn, there are several Ron Bain's located in Houston.

From what I can tell, the Ron Bain that was at GSPE is an older guy that is retired (per his profile)... Also common denominator two of the three profiles are following University of Texas or UT for short.

I've owned Vaalco for several years, one of the things that Vaalco could do is borrow against existing operations to fund new projects. They have largely avoided this in the past, but there is a new CEO George Maxwell replacing Gary Guidry earlier this year. I think Vaalco could easily invest in the Gulf of Mexico, but that certainly doesn't seem to be their strategic direction, they have made it known that they are focused on West Africa, near their flagship field off the shore of Gabon.

What do you think Vaalco would be interested in? Buy out of Delek's interest in Tau? Joint investment in Canoe? Buy out of GSPE?

[OilerHTX]

Is odd would white wash all that experience. Would appear on surface to be an intentional effort distancing from. If turns out to be same Bain, quoting the old Nissan commercial I'd say " Sumpins Up"

[MktMvn]

Ron Bain who was President of GulfSlope from 2013 until 2019 is in his 70’s and very unlikely to be still active with new companies. He was pretty much retired from Anadarko when John Seitz talked him into joining in the GulfSlope startup effort. My recollection is that John had to twist his arm pretty hard because Ron and John had done an earlier startup in the North Sea that ended badly, and Ron was wary of doing another one. Anyway, I think the Ron Bain from GulfSlope is out of the oil game for good. That Ron was a geophysicist, and never had anything to do with accounting.