GulfSlope Energy Inc (GSPE)

[smith199]

Gulfslope Energy Successfully Bid on Lease G36121Ship Shoal Block 351 In 2017. It has an Expected Lease Expiration Date of October 31, 2022. The other Tau Prospect, Ship Shoal Block 336 Lease G35244 has an Expected Expiration of June 30, 2022. Both Tau Leases will not expire until 2022.

Originally, Bankrupt ATP Oil and Gas in an Agreement with the BOEM Assigned their Lease G26078 to Bennu Oil & Gas LLC. Bennu Oil & Gas LLC Relinquished Lease G26078 to the BOEM, because of bankruptcy too.

I mentioned this once before, but after some research, I saw where a lot of Oil & Gas Companies and Oil & Gas Service Companies did not even Survive 2016.

Gulfslope Energy not only “Survived 2016”, but Drilled two Test Wells, Entered into Another Rig Contract with Valaris (Ensco Rowan), Has a LOI For a new Joint Venture, Has a 7/9/2019 BOEM Approved Exploration for the “Corvette Prospect “, and “Along with the Partners is reviewing and finalizing options for additional drilling to include a replacement well” on the Tau Prospect.

Gulfslope Energy has “GRIT”, in my opinion.


BSmith