Gulf Coast Oil & Gas, Inc.
OTC Bulletin Board : GCOG

Gulf Coast Oil & Gas, Inc.

July 20, 2005 09:30 ET

Gulf Coast Oil & Gas Announces 3 for 1 Forward Stock Split

HOUSTON,TEXAS--(CCNMatthews - July 20, 2005) - Gulf Coast Oil & Gas Inc. (the "Company") (OTCBB:GCOG) is pleased to announce today that its Board of Directors has approved a 3 for 1 forward split of the Company's common stock.

"This forward stock split is intended to lay the groundwork for anticipated growth of the Company," said Gulf Coast CEO, Rahim Rayani. "It is also part of our ongoing efforts to improve trading liquidity, broaden ownership and enhance shareholder value."

The forward stock split will be effective on July 25, 2005. Stockholders will be entitled to three common shares of common stock for each share of common stock held on that date.

Common stock holders are not required to take any action relating to the forward stock split. Shares outstanding on the record date will be automatically adjusted on the books of the Company's transfer agent, Pacific Stock Transfer, to reflect the forward split. Share certificates will automatically be distributed by the Company. Stockholders who hold their shares in street name should have their accounts adjusted by their broker. Holders should not destroy any stock certificates and should not submit any certificates to the Company or the transfer agent.

"This forward stock split is intended to lay the groundwork for anticipated growth of the Company," said Gulf Coast CEO, Rahim Rayani. "It is also part of our ongoing efforts to improve trading liquidity, broaden ownership and enhance shareholder value."

About Gulf Coast Oil & Gas

Gulf Coast Oil and Gas Inc. is a Houston, TX based Oil and Gas exploration and development company. 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 expenditures associated with larger and more expensive wells. Gulf Coast trades under the stock symbol: GCOG on the OTCBB exchange.

For additional information, please visit our web site at: www.gcoil.com.

Forward-Looking Statements: This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set forth in the Company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.

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