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SES - Gulfslope Highlights - July 18, 2019

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GulfSlope Energy signed a letter of intent to form a JV with an undisclosed privately held company to generate and drill shallow-water depth 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 partnership. Gulfslope will retain and deploy a supra-salt evaluation team consisting of three geoscientists......
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