GulfSlope Energy Inc. Stock Analysis GSPE

GulfSlope Energy, Inc. is an independent oil and natural gas exploration and production company. The company is headquartered in Houston, Texas and currently employs 7 full-time employees. The company went IPO on 2007-01-19. The firm's interests are concentrated in the United States Gulf of Mexico federal waters offshore Louisiana. The firm has under lease one federal Outer Continental Shelf block and licensed three-dimensional (3-D) seismic data across its area of concentration. The company uses its licensed approximately 2.2 million acres of advanced 3-D seismic data to identify, evaluate, and acquire assets with economic profiles. The firm 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 firm does not have any production or proved oil or natural gas reserves. The firm has not generated any revenues.