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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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