I just took a cursory look at the Gulfslope Energy Presentation from 2019. At that time their statements indicated they forecast that gas would comprise 23% of gross resources @ a value of $2.25 per mcf. That means that today’s price is more than 3x greater. Coincidentally the crude forecast in 2019 was @ $55/bbl. So today’s overall economics would be more than 2x greater than in 2019. But since then, one of the leases has expired and I do not know if that changes the target of a new drill well. Likely, not that much. As suspected, the economics are much more favorable at this time.
Mrs. Smith
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