GulfSlope Energy Hits Oil At GoM Canoe Prospect

GulfSlope Energy Inc. said it encountered oil sands while drilling the northwest center of Vermilion Block 378, also known as the Canoe Shallow Prospect, in the Gulf of Mexico.

The results were based on logging-while-drilling (LWD) and isotube analysis of hydrocarbon samples, the company said in a news release. The well was drilled to a total of 5,765 ft measured depth (5,700 ft true vertical depth) and encountered no problems while drilling.

The company said it will further evaluate the shallow potential of the wellbore and the block using seismic data and fully integrating well information. This will also help define commerciality of the oil pays.