GulfSlope Energy to Seek Acquisitions

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.