Monday 17 September 2018

GulfSlope Energy, Inc. announced that on September 13, it commenced drilling of the Company’s initial subsalt exploration well in the Gulf of Mexico on the Tau Prospect which is located on Ship Shoal Area, South Addition Blocks 336/351. The Tau Prospect is being drilled with the high-spec Rowan Ralph Coffman jack-up rig, which recently completed drilling operations on the Company’s Canoe Prospect.

The Tau Prospect targets Miocene sands updip to the Ship Shoal Block 337 #1 well drilled in 1996, and are expected to be trapped against the western flank of a deep seated salt ridge.

The Tau Prospect well is designed to be drilled through almost 10,000’ of salt to 26,000’ TVD (29,728’ MD) to test the Upper and Middle Miocene sands that are prolific producers in deep water. The surface location is in the southwest corner of Block 336, and will be drilled directionally with a horizontal displacement of about 10,000’, into the center of Block 351.

GulfSlope is the operator of the Tau well with a 20 percent working interest. Delek GOM Investments LLC, a subsidiary of Delek Group Ltd. will have a 75 percent working interest and Texas South Energy Inc. will own a five percent working interest.