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Gulf Shores Resources Ltd.: Welwyn Area Well
Gulf Shores Resources Ltd.: Welwyn Area Well
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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/12/12 -- Gulf
Shores Resources Ltd. (TSX VENTURE:GUL) -
The 9-16-15-32W1 well in the Welwyn area of Southeast Saskatchewan
has swab tested at a rate of 25 barrels of oil per day from the
Bakken formation while cleaning up after fracture stimulation. The
well is currently awaiting the installation of a pumpjack. Gulf
Shores Resources Ltd. will receive 51% of the revenue from this
well until payout and 42% of the revenue thereafter. Gulf Shores
Resources Ltd. has earned a 42% working interest in the 15 offset
locations.
ON BEHALF OF THE BOARD
A. Michael Turko, President and CEO
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SRVICES
PROVIDER (AS THAT TERM IS PROVIDED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
Contacts:
Gulf Shores Resources Ltd.
Mr. Gerald Otterman
(604) 683-3309
info@gulfshoresresources.com
www.gulfshoresresources.com
Marketwire
July 12, 2012 - 9:00 AM EDT