There’s still a requirement to file financial statements but the different tiers and trading restrictions have changed since I last followed anything that wasn’t current on all filings
Pink sheet is still a term used in discussions but it’s not even the same definition from the “old days”
“Pink - limited information” is where I think GSPE is now, or will be, if they’re not current in fillings within some extended period
I don’t know what that time frame is, maybe 60-90 days
Then there is “Pink-no information”
I believe at that point it becomes restricted and some brokers will not accept opening orders
Like I said, it’s been a while
If someone has, or can look up, the current regs/restrictions, it would be appreciated
I think the data point that Smith199 mentioned is worthy of consideration and correlates with my opinion that the prospect is still viable and just in hibernation until it is time to make a move
When brown bears come out of hibernation …. ya better be on your toes and fully alert
If there wasn’t a plethora of reasons to delay committing to a drilling program at this time in geopolitical history, I would be more concerned
Our country, our partner’s country, and most of the world’s oil producers countries are in escalating wars at this very moment in time
Crazy, volatile times
GOM is almost certainly in the top 2 or 3 safest places to invest in upstream oil and gas, that’s not going to change
The regulatory and financial components are still in absolute chaos
A good 2024 election result will change everything
If it is a waiting game, it could pop sooner on a calculated risk that the results will unleash domestic oil and gas
I’m disappointed with the delay but still confident that there’s a smoldering ember and a big stack of processed seismic data in GulfSlope just waiting for a “drill baby drill and slap that ASK” event
:-)
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