excerpt: this news was frm 04/01/08 [i wonder why no news from GCOG] Tuesday, Apr. 1 2008 GE Unit and Union Gas Invest $115 Million to Acquire East Texas and
see update here for possible GE Energy deal with GCOG #msg-28934607
SCENARIO,,,SORTED OUT SOME: COMPANY NAME AND RESERVES. BY HDOGTX SEE MESSAGE #msg-28943538
They are from E. Texas
Gulf Coast Oil & Gas Inc. is a dynamic exploration and now development company based in Houston, Texas. The company's main focus is to develop a portfolio of high potential properties in the Gulf region of Texas and Louisiana. The company currently has assets in both Texas and Louisiana. At Gulf Coast we believe that current modern technologies can unlock the potential of many deep geological formations that were not accessible in the past. Texas and Louisiana have for long supplied America with a substantial percentage of its domestic energy needs. We want to offer investors the rewards associated with offshore exploration with the risk profile of onshore drilling and production operations.
The company's goal is to acquire low risk Oil and Gas properties onshore and solely in the USA with a focus on developing and producing from proven, developed and underdeveloped reserves. Gulf Coast will focus its efforts on shallow well drilling in order to maximize shareholder returns without the high risk and expenditure associated with larger and more expensive wells. Gulf Coast Oil & Gas, Inc. has three producing wells currently in Nueces County, Texas.
ADDITIONAL INFORMATION FROM TENS IBOX. 05/01/08 sterling's scenario ,,, Date:11/29/2007 Excerpt: Oil and Gas Exploration Activities
U.S. Energy Corp. has signed an Exploration and Area of Mutual Interest agreement with a Gulf Coast (United States) oil and gas exploration and production company. U.S. Energy Corp. anticipates it will participate as a 20% working interest partner in potentially numerous wells that could be drilled over the next three to five years. Approximately $3 million has been paid under the agreement to date. Two prospects have already been leased, and exploration and development activities are expected to commence in the later part of the fourth quarter 2007 or the first quarter of 2008. …
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