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Marketwired - Pipelines

Marketwired - Pipelines

Last Build Date: Mon, 12 Feb 2018 10:01:37 EST

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GulfSlope Energy, Inc. Announces Execution of a Drilling Rig Contract

Mon, 12 Feb 2018 09:30:00 EST

HOUSTON, TX--(Marketwired - February 12, 2018) - GulfSlope Energy, Inc. (OTCQB: GSPE) (the "Company") announces the execution of a drilling services contract with Atlantic Maritime Services LLC, a wholly-owned subsidiary of Rowan Companies plc, to secure and utilize the Ralph Coffman jackup rig for the Company's 2018 Gulf of Mexico drilling program. GulfSlope anticipates spudding the first well in mid-2018 on Vermilion Area, South Addition Block 378 (Canoe Shallow prospect) and the second well on Ship Shoal Area, South Addition Blocks 336 / 351 (Tau prospect) shortly thereafter. Initial drilling on both prospects is expected to be completed before the end of the year. The Ralph Coffman is a high specification jackup rig that can drill to 35,000 feet. The rig is currently being mobilized from Trinidad and is anticipated to arrive in the Gulf of Mexico shortly.