It’s a binary, if there are no bids from GulfSlope or Delek then it’s a zero, no change from the current available info
If there is a bid, the implication is - drilling program imminent
I expect that an 8-K would precede the lease auction to announce whatever contracts for partnership update and financials
Could be nothing ahead, I don’t know
Just a thought on what might happen if there is a chance of drilling before our next presidential election
There are a few other possibilities regarding producing properties and M&A
A rebound from tax selling is expected for financially sound tickers
For zero revenue micros, it’s encouraging at least
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