Tuesday May 20, 8:30 am ET
3P Natural Gas Reserves Estimated to Exceed 40 Billion Cubic Feet
HOUSTON, May 20 /PRNewswire-FirstCall/ -- Rock Energy Resources, Inc. (OTC BB: RCKE.OB), an independent domestic oil and natural gas company, today announced that it has acquired certain additional working interests in the prolific Wilcox trend in Colorado County, Texas in the Company's Garwood Field Project. Proven, probable and possible natural gas reserves in the Garwood project are estimated to exceed 40 billion cubic feet (bcf). In addition, Rock Energy has assumed operatorship of the entire project. Detailed terms and conditions of the transaction were not disclosed.
Rocky Emery, Rock Energy's Chairman and Chief Executive Officer, noted, "With this acquisition, Rock Energy has solidified its position in one of our core areas, and, in turn, meaningfully enhanced our development economics. Moreover, as operator of the project, we are now in full control of the development of the project."
About Rock Energy Resources, Inc.
Originally formed in April of 2004 as Rock Energy Partners LP, Rock Energy Resources, Inc. is an independent oil and gas company based in Houston, Texas. The Company is engaged in the exploration, drilling and recovery of onshore natural gas and crude oil resources using cutting-edge 3D technologies. Rock Energy currently produces and sells natural gas and crude oil from two locations: the Wilcox trend in Colorado County, Texas and the Monterey Formation in Santa Barbara County, California. For more information on the Company, please visit www.rockenergyresources.com.
Safe Harbor Forward-Looking Statements
Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made herein are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Rock Energy Resources, Inc., and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
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