News Releases
| 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 License P233, Block 15/18a. The Company has identified three additional prospects / leads in the block that require new 3D seismic to mature to a drill ready status. For further information, please contact Mr. Gerald Otterman at (604) 683-3309. Email: gulfshores@net-conex.com; www.gulfshoresresources.com ON BEHALF OF THE BOARD "MICHAEL TURKO" Michael Turko President THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. | |
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