RedChip Issues Initial Research Report on Gulf Western Petroleum Corp. (GWPC.OB)
RedChip Visibility, a division of RedChip Companies Inc., began research coverage on Gulf Western Petroleum Corporation, an emerging oil and gas company with low-risk drilling prospects in Central Texas and Kansas. The CEO, Milton Cox, formed Gulf Western Petroleum Corp. from merging assets of Wharton Resources Corp. and Code America Inc. both of which he controlled. They have targeted the Frio Sands in Central Texas with 15 wells that will come on line within the next one to two months and so will be showing revenue near-term. They are participating in higher potential plays in Texas targeting the Wilcox Zone…
