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Gulf Shores Resources tests Welwyn area well


Published Jul 13, 2012
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Gulf Shores Resources Ltd.

Gulf Shores Resources reports that 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.

Tags: Gulf Shores Resources Ltd.



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