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

Gulf Coast Oil & Gas, Inc.

August 30, 2005 09:30 ET

Gulf Coast Oil & Gas Expands Exploration Area in Louisiana

HOUSTON, TEXAS--(CCNMatthews - Aug. 30, 2005) - Gulf Coast Oil & Gas, Inc. (OTCBB:GCOG) (the "Company") is pleased to announce today that the Company has increased the size of the Saratoga prospect in Louisiana by 75% at no additional cost to the company or its' shareholders.

With the addition of 2 more wells, Gulf Coast Oil & Gas, Inc. now estimates potential reserves to be up to 25% higher than originally anticipated based on original estimates of 125,000 barrels of oil per successful well. This information has not yet been proven and further reports and work will be done to confirm these numbers in detail. The Company is responsible for all costs in drilling and completing the wells and drilling of all 6 wells will also be contingent on the success in drilling the first well.

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.

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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