News Releases
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| November 03, 2009 NEW EMAIL ADDRESS Please note the Company's new email address effective immediately: info@gulfshoresresources.com (1 KB) |
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| September 24, 2009 Private Placement Announcement Vancouver, B.C., September 24, 2009 -- Gulf Shores Resources Ltd. (TSX-V:GUL) (the "Company") announces its intention to undertake a non-brokered private placement to raise up to $200,000 through the sale of its common shares at the offering price of $0.02 per share (up to 10,000,000 shares). Net proceeds from the placement will be used for general working capital purposes. The private placement is subject to TSX Venture Exchange approval. ON BEHALF OF THE BOARD "MICHAEL TURKO" Mic... (1 KB) |
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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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| August 29, 2007 Gulf Shores Cash Safely Held Gulf Shores Resources Ltd. (TSX-V: GUL) (the "Company") confirms that the Company has no exposure to non bank asset-backed commercial paper. Most of Gulf Shores cash and cash equivalents are deposited with a major accredited Canadian chartered bank. The balance is in trust as an advance against participation with the previously announced Ridgewood project located in Block 12/17 in the North Sea. Lundin Petroleum AB is the operator and has contracted the Global SantaFe Galaxy II jack-up rig to... (2 KB) |
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| August 17, 2007 Lytham well abandoned Gulf Shores Resources ("GUL" TSX-V) today announced that it has agreed with the operators' proposal to plug and abandon the 41/10a-2Z after the well encountered sub-economic gas reserves. The Lytham prospect is located in block 41/10a, production license P1129, located in the southern sector of the United Kingdom Continental Shelf. Gulf Shores participated for a 15% paying interest to retain a 10% interest in production license P1129. Partners are Lundin Petroleum (operator), Challenger Min... (3 KB) |
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| July 24, 2007 North Sea 41/10a-2 Well Spudded Drilling has commenced on the 41/10a-2 well on the Lytham prospect located in Block 41/10a, production license P1129, in the southern North Sea sector of the United Kingdom Continental Shelf (UKCS). Gulf Shores Resources is paying 15% of the cost of this well to earn a 10% interest in the block. The 41/10a-2 well is targeting Carboniferous Namurian sandstones, and the Haupt and Platten dolomite reservoirs of Permian age. The structure is defined by 3D seismic and is a large four way dip closu... (2 KB) |
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| April 11, 2007 Second Tranche Closing on PP Gulf Shores Resources Ltd. (TSX-V:GUL) (the "Company") announces that, further to its news release of February 21, 2007, it has completed a second tranche closing on a non-brokered portion of its private placement ("Private Placement") and issued an aggregate 550,000 units ("Units") at a price of $0.80 per Unit for gross proceeds of $440,000. Each Unit consists of one common share ("Share") and one-half of one share purchase warrant ("Warrant"). Each whole Warrant is exercisable for a period o... (2 KB) |
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| April 09, 2007 Results from Laurel Valley The Laurel Valley 14/28a-5 well has been drilled to total depth, evaluated and plugged and abandoned as no hydrocarbons were encountered in commercial quantities. The drilling of the well has fulfilled the terms and conditions of the farmin agreement and Gulf Shores Resources has earned a 9.4% interest in Seaward Production Licenses P1089 and P1295. Data obtained from the 14/28a-5 well will be integrated into geological and geophysical models to evaluate the remaining prospectivity of blocks 14/... (3 KB) |
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| March 30, 2007 Gulf Shores Closes $6.13 Million Private Placement Vancouver, B.C., March 30, 2007 -- Gulf Shores Resources Ltd. (TSX-V:GUL) (the "Company") announces that, further to its news release of February 21, 2007, it has closed on the brokered private placement with Canaccord Adams ("Private Placement") and issued an aggregate 7,663,268 units ("Units") at a price of $0.80 per Unit for gross proceeds of $6,130,614.40. Each Unit consists of one common share ("Share") and one-half of one share purchase warrant ("Warrant"). Each whole Warrant is exercisabl... (2 KB) |
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| March 29, 2007 Option Exercised on Ridgewood Project Further to a news release dated January 3, 2007, Gulf Shores Resources Ltd. has exercised its option to earn a 10% interest in the 72.5 sq. km. Ridgewood project located in block 17a in Quad 12 in the U.K. North Sea by paying US$2.7 million representing 15% of the cost of the first well. 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 RELEAS... (1 KB) |
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| March 26, 2007 North Sea Drilling Commences Drilling operations have commenced on the Laurel Valley prospect located in the outer Moray Firth area in the U.K. sector of the North Sea. The operator (45% interest), Oilexco North Sea Limited, a subsidiary of Oilexco Incorporated (TSX/LSE-AIM:OIL) is drilling the well using the Transocean Sedco 712 semi-submersible rig. The well will evaluate three prospective reservoir targets identified on a 250 square kilometer 3D seismic survey. The well is located 24 km south of the 639 million barrel ... (2 KB) |
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| February 21, 2007 Private Placement Agreement with Canaccord Adams Gulf Shores Resources Ltd. (the "Company") has entered into a brokered private placement agreement with Canaccord Adams (the "Agent"), whereby the Agent has agreed to offer, on a commercially reasonable efforts basis, up to 7.5 million units (the "Units") at a purchase price of CDN$0.80 per Unit. Each Unit consists of one common share and one half of one transferable share purchase warrant. One full warrant shall entitle the holder to acquire one additional common share for a period of two year... (6 KB) |
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| February 14, 2007 Gulf Shores Doubles Interest in North Sea Project Further to the news release dated January 26, 2007, Gulf Shores Resources Ltd. has doubled its interest in Quad 30 in the UK North Sea. Subject to regulatory authority approval, Gulf Shores Resources Ltd. is now paying 20% of the cost of acquiring new 3-D seismic and 13.33% of the cost of drilling a test well to earn a 10% interest in a 422 square kilometer (approximately 104,000 acre) block located in Quad 30 in the UK North Sea. Recently acquired seismic indicates the block contains several... (4 KB) |
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| January 26, 2007 Fourth North Sea Project Announced Gulf Shores Resources Ltd. has entered into an agreement with a private UK company to earn an interest in a fourth high impact North Sea petroleum exploration project. The Company is pleased to announce, subject to regulatory authority approval, Gulf Shores Resources Ltd. is paying 10% of the cost of acquiring new 3-D seismic and 6.67% of the cost of drilling a test well to earn a 5% interest in a 422 square kilometer (approximately 104,000 acre) blo»ck located in Quad 30 in the UK North Sea.... (5 KB) |
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| January 03, 2007 Extension to Previously Announced Option Agreement Gulf Shores Resources Ltd. has obtained an extension to a previously announced option agreem?ent to earn an interest in the 72.5 square kilometre (approximately 18,000 acre) Ridgewood project located in Block 17a in Quad 12 in the North Sea. The proposed location is 35 kilometers northeast of the 170 million barrel Beatrice field and nine kilometres from the nearest proven Jurassic oil accumulation. Seismic coverage shows a structure containing two potential hydrocarbon bearing zones in the J... (3 KB) |
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| July 11, 2006 Ridgewood Project Option Agreement Gulf Shores Resources Ltd. has entered into an option agreement to earn an interest in the 72.5 square kilometer (approximately 18,000 acre) Ridgewood Project located in block 17a in Quad 12 in the North Sea. The proposed location is 35 kilometers northeast of the 170 million barrel Beatrice Field and 9 kilometers from the nearest proven Jurassic oil accumulation. Seismic coverage shows a structure containing two potential hydrocarbon bearing zones in the Jurassic. Subject to regulatory autho... (3 KB) |
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| May 23, 2006 North Sea Exploration Well Planned International Frontier Resources Corporation ("IFR"-TSX-V) announces that letter agreements have been signed with Palace Exploration Company (E&P) Limited ("Palace"), Oilexco North Sea Limited ("Oilexco" TSX: OIL LSE- AIM: OIL), Gulf Shores Resources Ltd. ("Gulf Shores" GUL TSX-V) and Eternal Energy Corporation ("Eternal" EERG -- OTC) under which Oilexco, Gulf Shores and Eternal will drill a test well to evaluate the Laurel Valley prospect located in Quad 14 in the Outer Moray Firth area of the ... (3 KB) |
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| April 19, 2006 Projects Update Subject to regulatory authority approval,Gulf Shores Resources Ltd. has entered into a related party agreement with a private corporation involving three officers or directors of the Company. Gulf Shores Resources Ltd. is paying 35% of the cost of geophysics, drilling, completing and equipping a test well in each of two sections (a total of 1,280 acres) in Alberta to earn a 35% working interest within the Upper Cretaceous in each section. The two wells are expected to be drilled during May, 200... (3 KB) |
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