Gulfslope Energy, Inc Reports Earnings Results for the Third Quarter Ended June 30, 2020
August 14, 2020 at 05:04 pm EDT
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GulfSlope Energy Inc. announced earnings results for the third quarter ended June 30, 2020. For the third quarter, the company announced operating loss was USD 2.450 million compared to USD 4.691 million a year ago. Net loss was USD 2.705 million compared to USD 6.508 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 nine months, operating loss was USD 3.363 million compared to USD 5.208 million a year ago. Net loss was USD 3.493 million compared to USD 12.162 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 
