Gulf of Mexico E&P firm GulfSlope Energy signed a letter of intent to form a JV with an
undisclosed privately held company to generate and drill shallow prospects on the Gulf of
Mexico shelf. Gulfslope will operate the JV, and the partner will have the right to acquire up to
50% WI in the wells in return for compensating Gulfslope for the management
and administration of the JV and reimbursing the company for direct G&A
costs incurred by the......
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