Gulf Coast Oil & Gas (fka GCOG)

[qqbmed]

It seems to me that the GE news has been misinterpreted
"Gulf Coast Oil & Gas RESERVES" the word reserves
has been taken out of context.
As in Texas Oil reserves & Gulf Coast Oil Reserves.
http://biz.yahoo.com/bw/080401/20080401005468.html?.v=1
See below.

GE Unit and Union Gas Invest $115 Million to Acquire East Texas and Gulf Coast Oil and Gas Reserves, Plan $29 Million More in Field Development
Tuesday April 1, 8:00 am ET


HOUSTON & STAMFORD, Conn.--(BUSINESS WIRE)--GE Energy Financial Services, a unit of GE (NYSE: GE - News), announced today it has formed a partnership with a Union Gas Corporation subsidiary and related investors to acquire oil and gas reserves from two fields in East Texas and the Texas Gulf Coast for $115 million. GE Energy Financial Services is investing $104 million as the 90 percent limited partner. Union Gas is investing the balance as the 10 percent general partner and operator. The new alliance, Union Gas Production Partners, L.P., plans to invest an additional $29 million to develop and produce proved reserves over the next two years.