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Gulfmark Energy, Inc. (GMEI) to Drill First Eagle Ford Shale Well in Texas

Gulfmark Energy Group, Inc. is an early-stage oil and gas exploration and development company. Its current focus is on developing the 4,200+ acres of shallow oil production in Zavala County, Texas coupled with the drilling of several Eagle Ford shale wells.

The company today announced that its wholly-owned subsidiary, Gulfmark Resources Inc., has filed for drilling permits with the Texas Railroad Commission. Gulfmark intends to drill its initial test well on its 4,261 acre Kiefer Lease in Zavala County, Texas upon permit approval. The Kiefer Lease is situated in the northwestern portion of the Eagle Ford shale trend in the southern part of Texas.

Gulfmark intends to drill vertically through the Escondido, Olmos, San Miguel, Austin Chalk and Eagle Ford shale formations and will evaluate results by open hole logs and core samples. The company’s primary objective is to penetrate the Eagle Ford shale and plans to drill horizontally approximately 3,000 to 4,000 feet upon reaching this prolific shale field.

The Eagle Ford shale formation was the “hottest” domestic oil play in 2010. That is why Gulfmark is so eager to find success through the drill bit in this area. The president and CEO of the company, Michael Ward, said, “With recent discoveries within the Eagle Ford shale formation, we are very excited to begin our development drilling program and increase our shareholder value.”

For more information on Gulfmark, please visit its website at gulfmarkenergygroup.com

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