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.
Previous. All pages. Next. Page 1. Page 2. Page 3
| 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) |
||
| 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) |
||
| 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) |
||
| 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) |
||
| 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) |
||
| 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) |
||
| 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) |
||
| 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) |
||
| 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) |
||
| 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) |
||
Previous. All pages. Next. Page 1. Page 2. Page 3
