Gulf Shores Resources Ltd. Completes Wapella Area Well
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 25, 2011) - Completion operations are underway on the 4-2-15-33W1 well in the Wapella area of Southeast Saskatchewan in which Gulf Shores Resources Ltd. (TSX VENTURE:GUL)(FRANKFURT:GFU) has earned a 47.5% working interest. This new oil well offsets the producing 5-2-15-33W1 Bakken oil well in which Gulf Shores also owns a 47.5% working interest.
The rig will now move to the 3-34-14-33W1 location in the Coothill area of Southeast Saskatchewan where drilling is expected to commence within a few days.
ON BEHALF OF THE BOARD
A. Michael Turko, President and CEO
It's been about 60 day's since the last hole was drilled, oil is over 98 dollars a barrel and not a news release or update as to what is going on,
You would think that with hitting three out of three holes that have oil and at current oil prices, you might want to get a jump on things, and again another week ends with nothing.
Gulf Shores Resources Ltd. Drills Bakken Oil Discovery
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2011) - Gulf Shores Resources Ltd. (TSX VENTURE:GUL)(FRANKFURT:GFU) -
The 3-34-14-33W1 well in the Coothill area of Southeast Saskatchewan has been drilled and is being cased as a new Bakken oil discovery.
Gulf Shores Resources Ltd. is paying 60% of the cost of the well to earn a 39% working interest in 160 acres with an option on an additional contiguous 320 acres under the same terms.
The rig will now move to the 9-16-15-32W1 location in the Welwyn area west of the Rocanville Field in Southeast Saskatchewan.
ON BEHALF OF THE BOARD
A. Michael Turko, President and CEO
Gulf Shores Resources Ltd. Cases Welwyn Oil Well
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 12, 2011) - Gulf Shores Resources Ltd. (TSX VENTURE:GUL)(FRANKFURT:GFU) -
The 9-16-15-32W1 well in the Welwyn area of Southeast Saskatchewan has been drilled and cased as a new oil well.
Gulf Shores Resources Ltd. is paying 60% of the cost of this well to earn a 51% working interest before payout and a 42% interest after payout in 640 acres.
ON BEHALF OF THE BOARD
A. Michael Turko, President and CEO