Gulf Coast Western Partners with Sterling Energy on Redrill in Gulf of Mexico

Dallas, TX, March 22, 2008 --(PR.com)-- Dallas-based Gulf Coast Western agrees to participate with Sterling Energy, Inc. on an offshore side track in the Gulf of Mexico approximately 10 miles east of Corpus Christi, Texas. Sterling Energy acquired a well in 2004 originally drilled by Unocal in 2001 that came in at 12,000 MCFPD and produced 5.5 BCF when they encountered mechanical problems while attempting to open additional productive zones and lost the well.

Sterling Energy has reprocessed all the geological and production data on the well and they have determined that re-drilling a sidetrack could yield an additional 39.2 BCF of remaining reserves. The re-drill is scheduled for April 11, 2008.

“Gulf Coast Western is excited to participate with Sterling on another great project. We believe that the Mustang Island Sidetrack eliminates the discovery risk and with an excellent natural gas price environment and the significant reserve potential, this was a project we couldn’t pass up,” said Matthew H. Fleeger, CEO of Gulf Coast Western. “Our strategic relationship with Sterling continues to deliver outstanding prospects. This is our third partnership thus far in 2008 and we are currently in discussions on many other projects we expect to announce in the coming months.”

Gulf Coast Western maintains a strategy focused on acquiring interests in prospects and properties that have excellent geological and geophysical attributes in well developed structures which provide significant return potential with quantified downside risk for our participating partners. Gulf Coast Western plans on investing over $20 million dollars in projects in 2008 and doubling that in 2009.

Gulf Coast Western, a Dallas-based company founded in 1970, focuses on the exploration, development and acquisition of domestic oil and gas reserves.

###