Gulfslope Energy, Inc Reports Earnings Results for the Second Quarter Ended March 31, 2020
June 30, 2020 at 06:29 am EDT
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GulfSlope Energy Inc. announced earnings results for the second quarter ended March 31, 2020. For the second quarter, the company announced operating loss was USD 436,317 compared to USD 387,221 a year ago. Net loss was USD 634,880 compared to USD 5.307 million a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.01 a year ago. For the half year, operating loss was USD 913,241 compared to USD 516,658 a year ago. Net loss was USD 788,024 compared to USD 5.654 million a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.01 a year ago.
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.
GULFSLOPE ENERGY, INC 
