Gulf Shores has entered into an arms length agreement with Crown Point Ventures Ltd. (Crown Point) to 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.
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