0001213900-19-008684.txt : 20190515 0001213900-19-008684.hdr.sgml : 20190515 20190515090859 ACCESSION NUMBER: 0001213900-19-008684 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190513 ITEM INFORMATION: Other Events FILED AS OF DATE: 20190515 DATE AS OF CHANGE: 20190515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Texas South Energy, Inc. CENTRAL INDEX KEY: 0001506742 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 990362471 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-55414 FILM NUMBER: 19825356 BUSINESS ADDRESS: STREET 1: 3 RIVERWAY STREET 2: SUITE 1800 CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 7132092950 MAIL ADDRESS: STREET 1: 3 RIVERWAY STREET 2: SUITE 1800 CITY: HOUSTON STATE: TX ZIP: 77056 FORMER COMPANY: FORMER CONFORMED NAME: Inka Productions Corp. DATE OF NAME CHANGE: 20101130 8-K 1 f8k051319_texassouthenergy.htm CURRENT REPORT

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): May 13, 2019

Texas South Energy, Inc.

(Exact name of registrant as specified in its charter)

Nevada		333-171064		99-0362471
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

4550 Post Oak Place Dr., Suite 300

Houston, TX 77027

(Address of principal executive offices and Zip Code)

Registrant's telephone number, including area code: (713) 820-6300

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		TXSO		OTCPK

Item 8.01 Other Events.

On May 13, 2019, GulfSlope Energy, Inc. (“GulfSlope”) provided an updated press release on the drilling activities on the Tau Prospect on Ship Shoal Blocks 336 and 351, in the Gulf of Mexico Outer Continental Shelf. As noted in our Form 8-K filing on April 30, 2019, as of such date, Texas South Energy, Inc. (the “Company”) had received a Default Notice and Demand for Payment under the terms of its joint operating agreement with GulfSlope and Delek GOM Investments, LLC in the amount of $2,870,183.11 as of April 18, 2019. The operating agreement grants a lien and security interest on the Company’s interest in the leases comprising the Tau Prospect, and grants to the operator the right to pursue foreclosure of the lien and security interest. In addition, as a result of the Default Notice, the Company has not been receiving well information since the date of the original notice. In the GulfSlope press release, GulfSlope stated that “[p]roducible hydrocarbon zones were not established to the current depth, but hydrocarbon shows were encountered” and “the Company has elected to abandon this well in a manner that would allow for re-entry at a later time.”

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 15, 2019

	TEXAS SOUTH ENERGY, INC.

	By:	/s/ Michael J. Mayell
		Michael J. Mayell, Chief Executive Officer