GULFSLOPE ENERGY, INC Item 1.01 Entry into a Material Definitive Agreement.
Modification of Terms of Outstanding Debentures
On
17,500,000 shares of GulfSlope common stock to be delivered to Delek in lieu of
accrued and unpaid interest in the amount of
Upon the timely payment by the Company of the amounts set forth above, all other amounts due on the Debentures, including any interest or fees accrued or that will accrue or become due or payable on the Debentures, will be extinguished.
Item 3.02 Unregistered Sale of
To the extent applicable, the information set forth under Item 1.01 in relation to the shares of Common Stock issuable is incorporated into this Item 3.02 by reference.
Cautionary Note Regarding Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact included in this communication, regarding our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this communication, the words "could," "believe," "anticipate," "intend," "estimate," "expect," "project," "forecast, "may," "objective," "plan," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events.
We caution you that these forward-looking statements are subject to numerous
risks and uncertainties, most of which are difficult to predict and many of
which are beyond our control. These risks include, but are not limited to,
commodity price volatility, inflation, lack of availability of drilling and
production equipment and services, environmental risks, drilling and other
operating risks, regulatory changes, the uncertainty inherent in estimating
reserves and in projecting future rates of production, cash flow and access to
capital, the timing of development expenditures, anticipated impact of the
COVID-19 outbreak, and other factors that may affect our future results and
business, generally, including those discussed in the Company's periodic reports
that are filed with the
Should one or more of these risks occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. All forward-looking statements, expressed or implied, are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, to reflect events or circumstances after the date of this communication.
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