Gulf Shores Resources Ltd.: Welwyn Area Well

(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/12/12 -- Gulf Shores Resources Ltd. (TSX VENTURE: GUL) -

The 9-16-15-32W1 well in the Welwyn area of Southeast Saskatchewan has swab tested at a rate of 25 barrels of oil per day from the Bakken formation while cleaning up after fracture stimulation. The well is currently awaiting the installation of a pumpjack. Gulf Shores Resources Ltd. will receive 51% of the revenue from this well until payout and 42% of the revenue thereafter. Gulf Shores Resources Ltd. has earned a 42% working interest in the 15 offset locations.

ON BEHALF OF THE BOARD

A. Michael Turko, President and CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SRVICES PROVIDER (AS THAT TERM IS PROVIDED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.



Contacts:
Gulf Shores Resources Ltd.
Mr. Gerald Otterman
(604) 683-3309

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 12.07.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 164776
Anzahl Zeichen: 0

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VANCOUVER, BRITISH COLUMBIA

Kategorie:

Oil & Gas

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