Gold Coast Mining Corp. announce the formation of a separate division to house and pursue its investments in the oil space. The new division will focus on acquiring oil field leases, and working interests in producing wells.

These interests will be structured as joint ventures, similar to the Garfield project, where the division will partner with both public and private companies to exploit known oil reserves. Additionally, the new division will seek to acquire an interest in a contractor, which will allow the company to manage entire projects, and receive additional revenue streams from these operations. The company has launched a search for contractors in oil producing areas, and anticipates such vertical integration will result in an increase of cash flow and return on capital.