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News Releases News Releases are added to our web site immediately upon release to the general public. If you would like to receive news releases via e-mail or fax, please fill out our Request More Info form.
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September 20, 2011 GULF SHORES CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT Gulf Shores Resources Ltd. (the "Company") announces that further to its news release dated April 4, 2011 it has closed the final tranche of its private placement and has issued an aggregate 9,610,000 units ("Units") at a price of $0.05 per Unit for gross proceeds of $480,500 (the "Private Placement").
2,100,000 of the Units are flow-through Units ("FT Units") and 7,510,000 of the Units are non-flow-through Units ("NFT Units"). Each FT Unit is comprised of one flow-through common share and ... (3 KB) |
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September 12, 2011 GULF SHORES RESOURCES LTD. CASES WELWYN OIL WELL 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"
A. Michael Turko, President and CEO
For further information, please contact Mr. Gerald Otterman at (604) 683-3309
Email: info@gulfshoresresources.com
Website: www.gulfsh... (1 KB) |
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September 01, 2011 GULF SHORES RESOURCES LTD. DRILLS BAKKEN OIL DISCOVERY 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 Tur... (1 KB) |
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August 25, 2011 GULF SHORES RESOURCES LTD. COMPLETES WAPELLA AREA WELL Completion operations are underway on the 4-2-15-33W1 well in the Wapella area of Southeast Saskatchewan in which Gulf Shores Resources Ltd. 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. Mich... (1 KB) |
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August 19, 2011 GULF SHORES RESOURCES LTD. COMMENCES DRILLING OF BAKKEN WELL Drilling has commenced on the 4-2-15-33W1 well in the Wapella area of Southeast Saskatchewan.
Gulf Shores Resources Ltd. is paying 47.5% of the cost of this well to earn a 47.5% working interest.
The well offsets the producing 5-2-15-33W1 Bakken oil well in which the Company also owns a 47.5% working interest.
ON BEHALF OF THE BOARD
"A. Michael Turko"
A. Michael Turko, President and CEO
For further information, please contact Mr. Gerald Otterman at (604) 683-3309.
Email: in... (1 KB) |
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August 15, 2011 GULF SHORES CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT Gulf Shores Resources Ltd. (the "Company") announces that further to its news release dated August 12, 2011 it has received TSX Venture Exchange ("Exchange") acceptance to the closing of the first tranche of its private placement and has issued an aggregate 7,610,000 units ("Units") at a price of $0.05 per Unit for gross proceeds of $380,500 (the "Private Placement").
2,660,000 of the Units are flow-through Units ("FT Units") and 4,950,000 of the Units are non-flow-through Units ("NFT Units"... (3 KB) |
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August 12, 2011 GULF SHORES ACQUIRES SOUTHEAST SASKATCHEWAN ACREAGE Gulf Shores Resources Ltd. (the "Company") announces that further to its news release dated April 4, 2011 announcing a non-brokered private placement, it will be filing documentation with the TSX Venture Exchange ("Exchange") for acceptance today seeking Exchange approval to a first tranche closing of $380,500 through the issuance of an aggregate 2,660,000 flow-through units ("FT Units") and 4,950,000 non-flow-through units ("NFT Units") at a price of $0.05 per FT Unit and NFT Unit.
Each FT U... (3 KB) |
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August 04, 2011 GULF SHORES ACQUIRES SOUTHEAST SASKATCHEWAN ACREAGE Gulf Shores Resources Ltd. (Gulf) has entered into an agreement with a private arm's length Saskatchewan Company whereby Gulf will pay 60% of the cost of drilling, completing and equipping a vertical Bakken oil well to earn a 39% working interest in 160 acres in the Wapella area of south east Saskatchewan. Gulf will pay 39% of the drilling, completion and equipping costs of an additional 3 vertical Bakken oil wells on the 160 acres to earn a 39% working interest in each well. Gulf also earns the... (2 KB) |
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July 25, 2011 GULF SHORES ACQUIRES ROCANVILLE ACREAGE Gulf Shores Resources Ltd. (Gulf) has entered into an agreement with a private arm's length Saskatchewan Company whereby Gulf will pay 60% of the cost of drilling, completing and equipping a vertical Bakken oil well to earn a 51% working interest before payout and a 42% working interest after payout in 640 acres in the Rocanville area of south east Saskatchewan. Gulf will pay 42% of the drilling, completion and equipping costs of the remaining 15 Bakken oil wells on the acreage to earn a 42% wor... (2 KB) |
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February 15, 2011 GULF SHORES ACQUIRES PORCUPINE HILLS ACREAGE (See also Saturn Minerals Inc., TSX-V Symbol: SMI) Gulf Shores Resources Ltd. has acquired a 25% interest in 253,920 acres of Petroleum & Natural Gas Rights in the Porcupine Hills area of East Central Saskatchewan for the purchase price of $125,000.
The first test well on this block is expected to commence drilling by the summer of this year.
ON BEHALF OF THE BOARD
"MICHAEL TURKO"
Michael Turko
President & CEO
For further information, please contact Mr. Gerald Otterman at (604) 683-3309.
Email: info@gulfshoresresources.com;
W... (1 KB) |
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