GulfSlope Energy Inc GSPE

Energy Oil & Gas E&P

GulfSlope Energy, Inc. (GulfSlope) is an independent oil and natural gas exploration company. The Company's interests are concentrated in the United States Gulf of Mexico federal waters offshore Louisiana. The Company has under lease one federal Outer Continental Shelf block and licensed three-dimensional (3-D) seismic data across its area of concentration. It uses its licensed approximately 2.2 million acres of advanced 3-D seismic data to identify, evaluate, and acquire assets with economic profiles. The Company uses its regional seismic database and its reprocessing efforts to generate oil and natural gas prospects. GulfSlope gives preference to areas with water depths of 450 feet or less where production infrastructure already exists. The Company does not have any production or proved oil or natural gas reserves. The Company has not generated any revenues.

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GulfSlope Energy Inc > Current Operations......... from 10-Q

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Comment by Ebenizer3on Feb 15, 2020 9:28am

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RE:Current Operations......... from 10-Q

They need to raise 10 mil for there drilling, which seems low. They have 3.8 mil cash on hand but 3.1 mil is spoken for. With just 700 thousand, they have enough to keep the lights on but will have to ditch cable (the NFL Network, the Golf channel etc.) Again hope to hear something from ceo SOON!!! I'm standing in the window of the 1st floor of my single wide over looking the beautiful Eagleford. Good luck to all

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