Gulf Shores Acquires Bakken Acreage
28 Janvier 2011 - 11:47PM
Marketwired
Gulf Shores Resources Ltd. (TSX VENTURE: GUL)(FRANKFURT: GFU) (the
Company) has entered into an arms length agreement with Crown Point
Ventures Ltd. (Crown Point) whereby the Company will purchase Crown
Point's 47.5% interest in 2,328 acres of Petroleum & Natural
Gas rights in the Wapella area of South-East Saskatchewan for a
purchase price of CDN$280,000.
The acreage is prospective for the drilling of new horizontal
Bakken Oil wells and includes one producing vertical Bakken Oil
well and a salt water disposal facility.
The Company is not planning a consolidation of its capital
stock.
Michael Turko has been appointed President & Chief Executive
Officer of the Company. Gerald Otterman has resigned as President
& Chief Executive Officer and has been appointed Chief
Financial Officer. Ming Jang has resigned as Chief Financial
Officer.
ON BEHALF OF THE BOARD
Michael Turko, President & CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news
release.
Contacts: Gulf Shores Resources Ltd. Mr. Gerald Otterman (604)
683-3309 or Toll Free: (866) 292-2601 (604) 844-2834 (FAX)
info@gulfshoresresources.com www.gulfshoresresources.com
Gulf Shores Resources Ltd. (TSXV:GUL)
Graphique Historique de l'Action
De Août 2024 à Sept 2024
Gulf Shores Resources Ltd. (TSXV:GUL)
Graphique Historique de l'Action
De Sept 2023 à Sept 2024
Real-Time news about (TSX Venture Exchange): 0 recent articles
Plus d'articles sur Gulf Shores Resources Ltd.