GulfSlope Energy high bidder on 22 GoM blocks

GulfSlope Energy announced the results of its participation in offshore lease sale 231, central Gulf of Mexico, conducted by the Bureau of Ocean Management (BOEM).

GulfSlope was high bidder on 22 out of 23 bids. The sum of the high bids is $7,843,642.

GulfSlope bid on all blocks at 100% working interest. All bid blocks are located on the outer shelf and upper slope of the offshore Gulf of Mexico, in water depths of less than 1000′.

All bids are subject to review and final approval by the BOEM, which may take up to 120 days before award decision, and there can be no assurance of receiving BOEM approval.

Press Release, March 20, 2014; Image: NOAA

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