Latest Gulfslope Energy (GSPE) Headlines Gulf
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GulfSlope to use 3D seismic data from TGS under new agreement
M2 - Fri Mar 29, 12:34PM CDT
GulfSlope Energy Inc (OTCQB:GSPE) has entered into a Master License Agreement with Norwegian geoscience data provider TGS-NOPEC Geophysical Company (Oslo:TGS), the company announced on Thursday.
GulfSlope Enters Into Master License Agreement With TGS-NOPEC Geophysical Company
Marketwire - Thu Mar 28, 4:05PM CDT
GulfSlope Energy, Inc. (OTCQB: GSPE), announced that on March 22, 2013 we entered into a Master License Agreement with TGS-NOPEC Geophysical Company ("TGS"), under which we have certain rights to license and use 3,457 sq km of 3D seismic data. TGS will perform advanced processing of this data for us. With our entry into this license agreement and the completion of the processing, we intend to engage in the exploration, development, and production of oil and natural gas. We expect to focus our exploration activities in proven basins utilizing and incorporating recent advances in the oil and gas industry's seismic image acquisition, processing and interpretation technologies. We plan to give preference to areas where production infrastructure already exists, which we believe will allow for discoveries to be developed quicker and less expensively, with the goal to reduce economic risk while increasing financial reward. Where strategically and economically advantageous, we may purchase attractive legacy fields,