Current GSPE Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

GulfSlope Energy teams up with unnamed private company
Houston-based GulfSlope Energy (stock ticker: GSPE) has signed a letter of intent to form a joint venture with an unnamed, privately held oil and gas company in order to generate and drill shallow depth prospects in the Gulf of Mexico.

GulfSlope, who will serve as the operator of the JV, is also planning to retain and deploy a supra salt evaluation team consisting of three geoscientists and a manager to identify, evaluate and recommend targets for lease acquisition, farm-in and drilling. The company will be compensated for the management and G&A costs associated with the partnership.

In return, GulfSlope’s partner in ...

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