The full website is currently in development Gulf Coast Oil & Gas, Inc. would like to invite shareholders and investors alike to visit us again to see our new website that is under construction. The new site will contain detailed information on our business including, current prospects, shareholder info, pictures, and education. Please visit us again. To be notified click here! About Us 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.
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Properties TEXAS PROPERTIES The Saxet Field, Nueces County, Texas This project is located in the midst of the Saxet Field, which has reportedly produced since the 1940's 10 million barrels of oil and 104 BCF of natural gas. Several wells exhibit potential. While the structure exhibited at approximately 6,600' interval can be described as N-NE trending domal closure, the structure seen at approximately 4,300' exhibits a more E-NE'ly nature. It is apparent that this is due to the apparent inner-neritic, bar like nature of the environment of deposition of the Catahoula and Oakville sections. This environment of deposition is often associated and conducive to sand deposition containing good to excellent porosity and quite often permeability.
Hydrocarbons are trapped in typical Gulf Coast down basin fault traps. The primary reservoir sands are Frio sands of the Miocene age. These sands are marine in origin and appear to be very porous and permeable in this area and can be very thick. There has been more than 200ft. of continuous productive sand within the structure. Completion has not required any special techniques and geological risk considered minimal.
At current, Gulf Coast Oil & Gas, Inc. and partners first successfully re-entered the “Weil 8-C” well. This was followed by successful re-entry on the “Weil 3-C” and “Weil 7-C”. Cumulatively, these three wells are currently averaging 1 MCFD (Million Cubic Feet Gas Per Day) and 13 BOD (Barrels Oil Per Day) of production from depths of approximately 7,000 feet. Negotiations are currently taking place to drill/re-enter two additional wells offsetting this production.
Information on on the Nueces County project wil be available on Gulf Coast Oil & Gas' new website to be published in June, company filings and by contacting Investor Relations. To receive more information by email, fax or mail enter your details below and and stay up to date on all Company events.
LOUISIANA PROPERTIES The Saratoga Prospect, Sabine Parish, Louisiana Detailed geologic, stratigraphic and structural, including seismic interpretation of the Saratoga Formation of the Many-Pendleton-Zwolle-Fort Jessup Area of the Sabine Parish, Lousiana has resulted in the identification and generation of several prospective areas. This area is within the historically prolific Upper Cretaceous productive trend which has historically, from this multi-field area produced in excess of 50 MMBO (Million Barrels of Oil). With original discovery in 1928 the development of this area has enjoyed continued development up to today. At average depths of less than 3000 feet the average vertical well commulative production is 35-50MBO with better wells reaching 100-125MBO. Historically besides normal structural controlled production this area's success (like most chalks) has been due to fracturing. There has been much activity in the area. Further information will be available on Gulf Coast Oil & Gas's new website to be published by the end of this quarter. To receive a reminder and keep up to date on all important company news, enter your details below and watch out for more breaking news.
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Investor Info Golf Coast Stock Price | Oil and Natural Gas Prices
In March 2005, Goldman Sachs released a report predicting that oil prices may stay above $50 per barrel for several years. Oil prices responded by jumping. On Monday April 4th 2005, light crude hit $58 for the first time ever. The New York Mercantile Exchange reported that in March 2005 an option with a strike price of $100 a barrel was traded for the first time. What does this mean for investors? It is a strong sign that the energy sector will be a hot play for months (possibly years) to come. Renewed risk in foreign oil producing countries like Russia, Nigeria, Saudi Arabia, Iraq, Iran and Venezuela have cooled investors appetite for companies operating in these parts of the world. Many investors are only now realizing the potential of smaller, nimbler, low risk exploration companies like Gulf Coast Oil & Gas, Inc.
PRESS RELEASES May 11, 2007 - Gulf Coast Oil & Gas Announces Multiple Re-Entry Success and Production in Texas May 4, 2006 - Gulf Coast Oil & Gas, Inc. Shareholders Approve Increase in Authorized Common Stock February 28, 2006 - Gulf Coast Oil & Gas, Inc. Completes First Stage of $2 Million Funding October 27, 2005 - Gulf Coast Oil & Gas, Inc. Retains Seacove Investor Relations Firm as its corporate communications agency. September 7, 2005 - Gulf Coast Oil & Gas Shareholder Update August 30, 2005 - Gulf Coast Oil & Gas Expands Exploration Area in Louisiana August 23, 2005 - Gulf Coast Oil & Gas Appoints Technical Advisor: Channon C. “Craig” Bourgeois July 20, 2005 - Gulf Coast Oil & Gas announces 3 for 1 forward stock split July 13, 2005 - Gulf Coast Oil & Gas, Inc. Secures $1 Million Equity Financing June 27, 2005 - Gulf Coast Oil & Gas completes 3-for-1 forward stock split June 22, 2005 - Gulf Coast Oil & Gas Acquires Oil Prospect in Louisiana Back to top
Management Rahim Rayani President & CEO Mr. Rayani brings a well-rounded business and corporate development background to Gulf Coast. His extensive experience in business management and business development is key to the growing success of the company.
Mr. Rayani began his career in banking, and has since experienced tremendous success in manufacturing operations management (in Asia), and general business development and sales (in North America and Europe). His business activities over the past several years have assisted him in establishing an extensive network of valuable contacts throughout North America, Western Europe and Asia, with a focus on corporate development and financing.
"Our business model is a simple one," says Mr. Rayani, "Our goal is to produce from low risk shallow well prospects with limited downside. We'll leave the pie in the sky drilling for the others... let's get Gulf Coast in to revenue and build on that first!"
Channon C. "Craig" Bourgeois (of Bourgeois Energy Inc.) Technical Advisor Mr. Bourgeois brings 25 years of executive experience in all phases of Oil & Gas Exploration and Development to the Gulf Coast team.
Mr. Bourgeois holds a B.S. in Petroleum Geology from the University of Louisiana at Lafayette. With successes and discoveries as Geophysical Engineer., Geologist (production & exploration), District/Regional Geologist, District Manager, Manager Exploration &Production and Manager Business Support for major oil companies like Sunoco Inc. and Oryx Energy Company, Mr. Bourgeois brings a unique blend of technical competence and business acumen to the Company.
His geographic areas of experience include Gulf Coast, Mid-Continent West Coast, Rocky Mountain, Permian Basin, Mexico, Brazil, Australia and the North Sea with proficiency in analysis and evaluation of Oil & Gas exploration, development & production opportunities including acquisition and/or divestment. Mr. Bourgeois is accomplished in facilitating and initiating joint ventures and strategic alliance both operational and financial.
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Oil and Gas Petroleum is a fossil fuel. It is called a fossil fuel because it was formed from the remains of tiny sea plants and animals that died millions of years ago. When the plants and animals died, they sank to the bottom of the oceans. Here, they were buried by thousands of feet of sand and silt. Over time, this organic mixture was subjected to enormous pressure, and heat as the layers increased. The mixture changed, breaking down into compounds made of hydrogen and carbon atoms--hydrocarbons. Finally, an oil-saturated rock-much like a wet household sponge was formed.
All organic material does not turn into oil. Certain geological conditions must exist within the oil-rich rocks. There must be a trap of non-porous rock that prevents the oil from seeping out, and a seal (such as salt or clay) that keeps the oil from rising to the surface. Under these conditions, only two percent of the organic material is transformed into oil.A typical petroleum reservoir is mostly sandstone or limestone in which oil is trapped. The oil in it may be as thin as gasoline or as thick as tar. Petroleum is called a nonrenewable energy source because it takes millions of years to form. We cannot make new petroleum reserves.
The laws of supply and demand are catching up with an oil-hungry world. There is barely any excess capacity in the oil industry, which makes it hard for the market to meet new demand. With the International Energy Agency (IEA) forecasting oil demand to grow by 1.81m bpd (barrels per day) in 2005, supply and demand would seem to be heading for a showdown. Some analysts are convinced that oil prices might hover around $50 dollars a barrel for the foreseeable future. China could decide the fate of the oil price over the few years. It has accounted for one-third of the rise in global oil demand since 2001. If China's economy continues to boom, its energy demand will keep on surging and energy prices will keep climbing.
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