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GulfSlope Energy High-Bidder on Two Blocks in Federal Gulf of Mexico Lease Sale 251
GulfSlope Energy High-Bidder on Two Blocks in Federal Gulf of Mexico Lease Sale 251.
About this update from Gulfslope Energy, Inc.
[{"type":"text","content":"\nProvides Opportunity to Expand Beyond Current Drilling Portfolio of Nine Prospects\n HOUSTON, Aug. 20, 2018 (GLOBE NEWSWIRE) -- GulfSlope Energy, Inc. (OTCQB: GSPE) (“GulfSlope” or the “Company”) today announced that it was apparent high bidder for two blocks covering a total of 10,000 acres in the United States Department of the Interior, Bureau of Ocean Energy Management’s (“BOEM”) region-wide Gulf of Mexico Lease Sale 251.  These blocks include: Vermillion Area, South Addition Block 376 (5,000 acres), which is located in approximately 300 feet of water; andEugene Island Area, South Addition Ship Block 371 (5,000 acres), which is located in approximately 400 feet of water. John N. Seitz, Chief Executive Officer, commented, “We are very pleased with the potential addition of these two blocks to our position of more than 55,000 acres in the Gulf of Mexico.  Both blocks hold attractive subsalt targets and the Vermilion South Addition area has become an important focus area for us, with GulfSlope currently drilling at our Canoe Prospect and planning underway for a subsalt test at our Corvette Prospect.” As announced by the BOEM on August 15, 2018, Lease Sale 251 generated $178,069,406 in high bids for 144 blocks covering 801,288 acres in federal waters of the Gulf of Mexico.  A total of 29 companies participated in the lease sale, submitting $202,667,923 in total bids.  The BOEM will review the bids received in the lease sale and finalize awarding of the blocks in the next few months following completion of their review.  About GulfSlope Energy GulfSlope Energy is an independent oil and natural gas company focused on exploring offshore U.S. Gulf of Mexico.  To learn more, visit the GulfSlope Energy website at www.GulfSlope.com. Forward-Looking Statements This press release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements other than statements of historical facts included in this press release are forward-looking statements. The Company can give no assurances that the assumptions upon which the forward-looking statements are based will prove to be correct. Because forward-looking statements are subject to risks and unc...