GulfSlope Energy Inc (GSPE)

[smith199]

”Gulfslope executed a Letter of Intent to acquire the adjacent VR 376-A Platform , and is in the process of Finalizing a Purchase and Sale Agreement (“PSA”). “Gulfslope anticipates Spudding the VR 375 by year-end.”

Per John Seitz, “Our Current Development Plan of Utilizing Existing Infrastructure Should Allow Production of the VR 375 as early as mid-2020.”

Opinion:
Ownership of the VR 376-A Platform and production of VR 375 by mid-2020 is definitely a “Good Thing” for Gulfslope and all the Shareholders.

Source:
Gulfslope’s October 9, 2019 Press Release

Smith