0001214782-15-000147.txt : 20150918 0001214782-15-000147.hdr.sgml : 20150918 20150918171314 ACCESSION NUMBER: 0001214782-15-000147 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150916 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20150918 DATE AS OF CHANGE: 20150918 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GULFSLOPE ENERGY, INC. CENTRAL INDEX KEY: 0001341726 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 161689008 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51638 FILM NUMBER: 151115941 BUSINESS ADDRESS: STREET 1: 2500 CITY WEST BLVD STREET 2: SUITE 800 CITY: HOUSTON STATE: TX ZIP: 77042 BUSINESS PHONE: 281-918-4100 MAIL ADDRESS: STREET 1: 2500 CITY WEST BLVD STREET 2: SUITE 800 CITY: HOUSTON STATE: TX ZIP: 77042 FORMER COMPANY: FORMER CONFORMED NAME: Plan A Promotions, Inc. DATE OF NAME CHANGE: 20051018 8-K 1 gspe8k090815.htm gspe8k090815.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 8-K
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): September 16, 2015
GulfSlope Energy, Inc.
(Exact name of registrant as specified in its charter)
 
Delaware
000-51638
16-1689008
(State or other
jurisdiction of
incorporation)
(Commission File
Number)
(IRS Employer
Identification No.)
 
2500 City West, Suite 800
Houston, Texas  77042
(Address of principal executive offices and Zip Code)
 
Registrant's telephone number, including area code: (281) 918 4100
 
N/A
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.
 
[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR240.14d-2(b))
 
[_] Soliciting material pursuant to Rule 14a-12 under Exchange Act (17 CFR240.14a-12)
 
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR240.14d-2(b))
 
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR240.13e-4(c))
 
 


 
 
 
1.01 Entry into a Material Definitive Agreement

On September 16, 2015, GulfSlope Energy, Inc. (the “Company”) completed its previously announced farm out agreement with Texas South Energy, Inc. (“Texas South”), dated March 10, 2014 (the “Agreement”), relating to certain prospects (the “Prospects”) located within 2.2 million acres of 3D seismic licensed and interpreted by the Company.  Under the terms of the farm-out letter agreement, Texas South had the option to acquire up to a 20% working interest in five Prospects for up to $10 million.

Texas South funded the final $1.8 million in cash under this agreement for an aggregate total purchase price of $10 million, and thus, has acquired a 20% working interest in the Prospects.  Texas South is obligated to pay its proportionate share of the net annual rental costs related to the Prospects.  The Company will be the operator of record.

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
  
Date:  September 18, 2015


 
GULFSLOPE ENERGY, INC.
   
 
By:
/s/  John N. Seitz
   
John N. Seitz, Chief Executive Officer