GREY:ENGFF - Post by User
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Columbus1494on Jul 04, 2016 1:59pm
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Post# 25020338
Drilling this year,80% chance of success
Drilling this year,80% chance of successIn this presentation from GulfSlope it seems they are ready to drill the Selectron shallow prospect
this year.It has an 80% chance of success! It is a small reservoir though 13 mmBOE.
If they hit oil its worth 240mm$.Energulf at this moment owns 19,5%.Drilling is expected to cost 9 mm$.(Pages 5,7 and 8.)
On page 5 it appears there is an producing oilfield on the block.
I cant find information regarding the Canoe prospect,the other prospect Energulf bought in to.
https://content.stockpr.com/gulfslope/db/184/932/pdf/Year+End+2015++Investor+Call+Final2.pdf