GulfSlope Energy Inc (GSPE)

[Philvb]

still believe it's going to happened this Year . Bellow is from Q10 2 weeks ago ( TXSO )

In May 2016, the Company entered into a letter agreement with GulfSlope and paid $400,000 for the right to enter into mutually agreeable future definitive agreements to provide for the participation by the Company in drilling one well on Vermilion Area, South Addition Block 378 (“Canoe Prospect”) and one well on Vermilion Area South Addition Block 375 (“Selectron Prospect”). In June 2016, EnerGulf Resources Inc. (“EnerGulf”) paid the Company $400,000 to participate in the Canoe Prospect and the Selectron Prospect. Subject to the negotiation of future definitive agreements with GulfSlope and EnerGulf and financing being raised by the Company, it is expected that operations shall commence on these prospects and the Company and EnerGulf shall participate in the drilling of one or more wells to approximately 5,000’ MD/TVD on each of the Canoe Prospect and Selectron Prospect by the end of 2017.