GulfSlope Energy Inc. (OTCPK:GSPE) is looking for acquisitions. The company is aggressively pursuing new opportunities to accelerate its business plan, which includes securing additional drilling partners and the acquisition of producing oil and gas assets. GulfSlope is evaluating multiple acquisition opportunities, and the Company believes that a successful acquisition program will complement its legacy exploration program. "In response to this extraordinarily difficult business environment, we have taken multiple proactive steps at GulfSlope to strengthen the Company and be in a position for success in 2021. We have a relatively clean balance sheet to utilize in the execution of our business strategy," stated John Seitz, Chairman, and Chief Executive Officer of GulfSlope. "As the world economy returns to a more normal demand for hydrocarbons, we are excited about our prospects for 2021, and we continue to believe there is a significant opportunity for our Company".
GulfSlope Energy, Inc. (GulfSlope) is an independent oil and natural gas exploration company. The Company's interests are concentrated in the United States Gulf of Mexico federal waters offshore Louisiana. The Company has under lease one federal Outer Continental Shelf block and licensed three-dimensional (3-D) seismic data across its area of concentration. It uses its licensed approximately 2.2 million acres of advanced 3-D seismic data to identify, evaluate, and acquire assets with economic profiles. The Company uses its regional seismic database and its reprocessing efforts to generate oil and natural gas prospects. GulfSlope gives preference to areas with water depths of 450 feet or less where production infrastructure already exists. The Company does not have any production or proved oil or natural gas reserves. The Company has not generated any revenues.