Replies to post #7422 on GulfSlope Energy Inc (GSPE)

[smith199]

Just to clarify, Gulfslope has incurred accumulated losses of $69.7 million as of 3/31/2023. One-half of this amount will expire by 2038 (15 years) the other half will remain indefinitely. GulfSlope’s NOLs are allowable as a deduction against 100 percent of future taxable income. The Net Deferred Tax Asset is approximately $15 million. A big plus if there was a merger.




Mrs. Smith