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| July 10, 2008 Gulf Shores closes $152,500 First Tranche PP Vancouver, B.C., July 10, 2008 -- Gulf Shores Resources Ltd. (TSX-V:GUL) (the "Company") announces that further to its news release of April 9, 2008, it has completed a first tranche closing on its non-brokered private placement ("Private Placement") and issued an aggregate 1,525,000 units ("Units") at a price of $0.10 per Unit for gross proceeds of $152,500. The balance of the Private Placement ($2,847,500) is expected to close shortly. Each Unit consists of one common share ("Share") and o... (4 KB) |
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| April 09, 2008 Gulf Shores Follows North Sea Success with $3 million Placement Following its recent participation in the Maria 15/18a-12 discovery well in the UK North Sea, Gulf Shores Resources Ltd. (TSX-V: GUL, the "Company") is arranging a non-brokered private placement of up to 30 million units at CDN $0.10 per unit for gross proceeds of up to CDN $3 million, subject to regulatory approval. Each unit consists of one common share and one-half of one non-transferable share purchase warrant. One whole warrant entitles the holder to acquire one additional common share fo... (4 KB) |
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| February 25, 2008 GULF SHORES ELABORATES ON STATUS OF NORTH SEA UK WELL 15/18a-12 Further to the news release issued this morning the Company wishes to point out that under the terms and conditions of the farmout agreement entered into with Petro-Canada UK Limited the 15/18a-12 well was intended to be drilled, logged, tested, and plugged and abandoned. The plugging and abandonment of successful exploration/appraisal wells is common practice in the North Sea. Preliminary interpretation of logs indicates that a 60 foot hydrocarbon column was encountered in the targeted Lowe... (2 KB) |
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| February 25, 2008 North Sea UK well 15/18a-12 Gulf Shores Petroleum (UK) Limited, a wholly owned UK subsidiary of Gulf Shores Resources Ltd. provides the following update on the 15/18a-12 (Maria) well. The well reached total depth of 5,865 feet measured depth (MD) on February 17, 2008 with logging operations completed on February 23, 2008. During drilling operations severe hole problems were encountered, and as a result a neutron density log was not acquired. Preliminary interpretation of logs indicates that a 60 foot hydrocarbon colu... (3 KB) |
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| January 29, 2008 GULF SHORES SPUDS NORTH SEA QUAD 15/18a Gulf Shores Petroleum (UK) Limited, a wholly owned UK subsidiary of Gulf Shores Resources Ltd. has been advised by Petro-Canada UK Limited, the Operator of the North Sea 15/18a-Maria project, that the Global SantaFe Arctic III semi-submersible rig has commenced drilling operations. Gulf Shores is paying 11.11% of the cost to drill and, if required, conduct DST operations to earn an 8.33% interest in Licence P 233, Block 15/18a. The Company has identified three additional prospects/leads in ... (1 KB) |
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| January 14, 2008 News Release Gulf Shores (UK) Limited, a wholly owned UK subsidiary of Gulf Shores Resources Ltd. has been advised by Petro-Canada UK Limited, the Operator of the North Sea 15/18a-Maria project, that the Global SantaFe Arctic III semi-submersible rig is expected to commence drilling operations by January 20, 2008. Gulf Shores will pay 11.11% of the cost to drill and, if required, conduct DST operations to earn an 8.33% interest in Licence P 233, Block 15/18a. The Company has identified three additional ... (1 KB) |
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| January 10, 2008 UPDATE ON PETRO - CANADA PROJECT Gulf Shores (UK) Limited, a wholly owned UK subsidiary of Gulf Shores Resources Ltd. will participate in the drilling of a well in UKCS License P233, Block 15/18a to test the 'Maria' prospect. The well, to be operated by Petro-Canada UK Limited, will be drilled with the Global SantaFe Arctic III semi-submersible rig with operations due to commence in early February 2008. Gulf Shores will pay 11.11% of the cost to drill and, if required, conduct DST operations to earn an 8.33% interest in Licens... (2 KB) |
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| January 07, 2008 RIDGEWOOD 12/17b-1 WELL ABANDONED Gulf Shores Resources advises it has agreed with the operator's proposal to plug and abandon the Ridgewood 12/17B-1 well as a dry hole. Gulf Shores (UK) Limited, a wholly owned UK subsidiary of Gulf Shores Resources paid 15 per cent of the well costs to earn a 10-per-cent interest in block 12/17b production licence P1301. As previously announced Gulf Shores Resources will participate in the drilling of an exploration well to evaluate the Maria prospect located in United Kingdom Continental Sh... (3 KB) |
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| December 21, 2007 GULF SHORES HAS SPUDDED EXPLORATION WELL 12/17B-1, OFFSHORE UNITED KINGDOM Drilling has commenced on an exploration well to evaluate the Ridgewood prospect located in the Moray Firth area of the United Kingdom Continental Shelf (UKCS). Gulf Shores is paying 15% of the well cost to earn a 10% interest in Block 12/17b. The 12/17b-1 well is targeting Jurassic Volgian sandstones with an interpreted four-way dip closure covering an area of approximately 1,200 acres. If commercial reserves are discovered in the Volgian the well will be deepened to evaluate the lo... (2 KB) |
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| October 16, 2007 GULF SHORES TO PARTICIPATE IN PETRO CANADA NORTH SEA PROJECT Gulf Shores Resources Ltd. (TSX-V: GUL) (the "Company") will participate in the drilling of an exploration well to evaluate the Maria prospect located in United Kingdom Continental Shelf (UKCS) Block 15/18a. Gulf Shores will pay 11.11% of the cost to drill and test the farmin well to earn 8.33% in License P.233 (Block 15/18a). The license also includes two deeper Jurassic fallow discoveries. Additional technical work and new long offset 3D seismic is being proposed to further evaluate these d... (4 KB) |
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