Gulf Shores Exercises Ridgewood Option

Following up to a January 3, 2007, announcement, Gulf Shores Resources Ltd. has exercised its option to earn a 10% interest in the 72.5 sq. km. Ridgewood project located in block 17a in Quad 12 in the U.K. North Sea by paying US$2.7 million, representing 15% of the cost of the first well.
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