I have been watching this one for a while. They filed their 10KSB, but they have no recent news headlines. This is an oil and gas company that has a lot of potential. It was at 0.0003 around April 8 2008 and now it is at 0.0015. I am going in Large at 0.0013. This has what it takes. The volume alone was amazing at over 95,062,175 today. Needs some big news to give it a boost may be able to go lower than 0.0013, but I doubt it. Oil companies get hounded fast.

Company Information
Gulf Coast Oil & Gas, Inc. is an exploration-stage company. The Company focuses to undertake oil and gas exploration projects in the continental United States. The Company has assets in both Texas and Louisiana. It has three producing wells in Nueces County, Texas. The Saratoga prospect is located within the Upper Cretaceous. As of December 31, 2006, the Company was awaiting the results of drilling by certain other companies on wells located in the vicinity of the Company's leaseholds before it attempts drilling and completion of the Saratoga Prospect.

Contact Information
Gulf Coast Oil & Gas, Inc.
5847 San Felipe
Suite 1700
Houston, TX 77057
http://www.gcoil.com

Phone: 713-525-4530


Press Release
No recent press release but they just filed their 10KSB that's good on April 15, 2008 http://www.pinksheets.com/edgar/GetFilingHtml? FilingID=5865701

Gulf Coast Oil & Gas Announces Multiple Re-Entry Success and
Production in Texas
Houston, TX, May 11, 2007 – Gulf Coast Oil & Gas, Inc. (OTC.BB: GCOG) (the
“Company”) is pleased to announce the successful drilling and completion of three
re-entry wells in Nueces County, Texas. Each of the wells is currently producing
both oil & natural gas and generating revenues for the Company.
The Company’s investment was based on geologic assessment and feasibility studies
completed by Craig Bourgeois, the Technical Advisor to the Company’s Board of
Directors.
Each of the wells known as the “Weil” is located within the Saxet Deep Field of
Nueces County, Texas. On 320-acre spacing the “Weil” 8-C, 3-C and 7-C produce
both oil & gas from this historically known area. This field within miles of the city,
Corpus Christi, has produced primarily oil and has production dating as for back as
the 1940’s.
Cumulatively, these 3 wells have average production of approximately 1 MCFD
(Million Cubic Feet Gas Per Day) and 13 BOD (Barrels Oil Per Day) from depths of
approximately 7,000 feet. These well bores exhibit behind pipe, up-hole potential of
10 – 12 additional zones of hydrocarbon pay from log analysis and calculation similar
to that of the currently producing. “This phenomenon, not uncommon in the area
should result in extending well bore life significantly” reports Mr. Bourgeois.
Negotiations are currently taking place to drill/re-enter two additional wells offsetting
this production.
Given the saltwater produced in connection with the oil and natural gas the Company
and its partners converted the “Weil 2-C” and “Weil 6-C” wells into saltwater disposal
wells as there was no production was to be gained from them. This conversion has
significantly increased positive cash flow, saving the cost of a third-party removal
service. Due diligence is currently being conducted to assess the option of
converting the 2-C well into a commercially viable disposal well. This allows other
producers in the area the benefit of reduced cost of disposal while earning the
Company additional revenue.
“This has been an exciting project for Gulf Coast” said President and CEO, Rahim
Rayani. “The success of this project allows the Company to more comfortably meet
its day to day obligations and allow us to focus on our Saratoga property and others
that we believe will continue to lead the Company to future success.”
For further information please visit www.gcoil.com or contact Investor Relations toll
free at: 1(888) 819-5551 or email This e-mail address is being protected from spam bots, you need JavaScript enabled to view it . Let us keep you up to date! Visit
our website to enter your basic contact information to receive important email alerts,
press releases and vital information in real-time. Gulf Coast would like to thank you
for your patience during this inconvenient but valuable development period.
Gulf Coast Oil & Gas, Inc. would like to send you a package in the mail that shows
and tells everything that has been happening. Stay tuned and keep up with events
and news Please fill in your contact details on our website and enter “mail” in the
text window.
About Gulf Coast Oil & Gas, Inc.
Gulf Coast Oil and Gas, Inc. is a Houston, TX based Oil and Gas Exploration and
Development Company with assets in both Texas and Louisiana. The Company's
goal is to acquire low risk Oil and Gas properties onshore and in the USA with a focus
on developing and producing from proven, developed and undeveloped reserves.
Gulf Coast has focused 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 Oil & Gas, Inc. has currently three wells
producing both Oil & Natural Gas.
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.
Gulf Coast Oil & Gas, Inc. (OTC Bulletin Board: GCOG)
Contacts:
Gulf Coast Oil & Gas, Inc.
Chad Meldrum
Investor Relations
(888) 819-5551 This e-mail address is being protected from spam bots, you need JavaScript enabled to view it www.gcoil.com

Chart

I learned my lesston before maybe if it goes back down and its still in the 0.0011. Mayb e it can get back to 0.0005 May have just been a fluke. They have had no news for a year. Makes me wonder whats up.

Going down may be a good play at 0.0009

This one is at 0.0024 from now on its only oil companies for me. How did this go up so quickly?

How far down are you talking about? Last week was 0.0009 I dont think itll go there again. What you think? I may settle to break even on ADCS for this one.

0.0015 may be safe

This one is the next FNAT just watch! LOL