Gulf Shores Adds Bakken Acreage


Bakken Area in Saskatchewan
(Click to Enlarge)

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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