HOUSTON, TX / ACCESSWIRE / December 4, 2017 / Texas South Energy, Inc. (OTC PINK:
TXSO) and GulfSlope Energy, Inc. (OTCQB: GSPE) (collectively, the "Farmors") announced today that, pursuant to the exclusive letter
of intent ("LOI") previously signed by the Farmors and a large international oil and gas company (the "Partner") to jointly drill
and develop the Farmors oil and gas prospects located offshore Gulf of Mexico, that all parties have agreed to extend the term of
the LOI to December 15, 2017, or such later time as they mutually agree.
The purpose of the LOI is to facilitate further discussions between the parties on an exclusive basis with respect to the
negotiation of the contemplated transaction and is a statement of the present intent of the parties to pursue the contemplated
transaction in good faith. The LOI is subject to a number of conditions including completion of additional due diligence,
preparation and execution of definitive agreements, and board approvals. The LOI is not binding and there is no certainty that the
above mentioned negotiations will mature into any binding agreement between the parties. The final commercial terms in a binding
agreement, if ultimately executed, may not be as set forth in the LOI.
About GulfSlope Energy
GulfSlope Energy is an independent oil and natural gas company focused on exploring offshore U.S. Gulf of Mexico. To learn
more, visit the GulfSlope website at www.GulfSlope.com.
About Texas South Energy
Texas South Energy is engaged in the oil and gas business, generating or acquiring onshore and offshore oil and gas
projects, drilling for, operating, and producing oil and gas reserves. To learn more, visit the Texas South Energy website at
www.texasouth.com.
Investor Contacts
GulfSlope Energy
John H. Malanga, CFO
Phone: 281-918-4103
Email: john.malanga@gulfslope.com
Texas South Energy
Michael J. Mayell, President and CEO
Phone: 713-820-6300
Email: mmayell@texasouth.com
SOURCE: Texas South Energy, Inc.
