GulfSlope Energy Inc (GSPE)

[spec machine]

The 10-Q has been filed

We have developed a significant pipeline of potential acquisition opportunities with the following characteristics: (i) strong cash flow, (ii) inventory of low-risk capital projects, and (iii) manageable plugging and abandonment liabilities. In addition to asset acquisitions, we are also evaluating the combination of GulfSlope with other GOM oil and gas companies. Any merger or acquisition is likely to be financed through the issuance of debt and equity securities.

Seitz has put additional cash in during the past quarter and is very likely the “related party” that added additional funding subsequent to the reported quarter

These are essentially unsecured “loans” and it is notable that they bear interest at only 5%

Hmmmm

No sparkling present in there but nothing unsavory considering the “turtle mode” that GSPE is in

Cheers

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