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.
A. Michael Turko, President and CEO
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