According to the company, this new oil well offsets the producing 5-2-15-33W1 Bakken oil well in which it owns a 47.5% working interest.
Gulf Shores Resources has also earned a 47.5% working interest in the 4-2-15-33W1 well.
The drilling rig will now move to the 3-34-14-33W1 location in the Coothill area of southeast Saskatchewan.
Gulf Shores Resources is a junior oil and gas exploration and development firm with a diverse mix of projects in Newfoundland, Texas, Saskatchewan, Alberta and Manitoba.
Source: Energy Business Review