Gulf Shores Resources Ltd.: Welwyn Area Well
12 July 2012 - 11:00PM
Marketwired Canada
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
Gulf Shores Resources Ltd. (TSXV:GUL)
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