. TXSO is ready as they announced before ( see below ) . I think in Q1 we can expect a partnership , there is now way back now , the clock is ticking !
Texas South co-founders Messrs. Askew and Connally issued the following joint statement, “We believe our GOM portfolio of large-scale, potentially high impact prospects with GulfSlope provides a very attractive platform from which to build a significant oil and gas exploration company. For more than two years as the energy industry has faced historically challenging times, we have focused on enhancing our platform through the acquisition of complementary assets, as well as developing an experienced and successful operational management team. During that time we have also supplemented our core drill-ready subsalt GOM portfolio with large working interest positions in two drill-ready GOM supra salt prospects, Canoe and Selectron Shallow, and have analyzed numerous other available opportunities. In completing the Sydson acquisition, we have been able to accomplish our goal and to transform Texas South. Mr. Mayell and his team bring a complementary mix of near term potential production, as well as exploration and development opportunities which should further enhance our value potential in the strengthening energy sector. We are excited to work with Mr. Mayell and his team to exploit the Sydson-acquired opportunities and to add these opportunities to our existing significant offshore prospects which we plan to begin drilling in 2017.
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