McCollum Project
Gulf Shores is participating in the drilling and testing of the McCollum project in Victoria County, Texas. The company has agreed to pay 10% of the geological, geophysical and land costs plus 13.33% of all drilling and testing costs to casing point to earn a 10% working interest in the project
Bounds Project
The company is participating in the drilling and testing of the Bounds project in Liberty County, Texas. Gulf Shores has paid geological, geophysical and land costs of US$6,800 plus 5.33% of all drilling and testing costs to casing point to earn a 4% working interest in the project. The well has been drilled, tested and completed and is currently production testing various payzones into a gas sales line.