Tuesday August 5, 11:48 am ET
News Announcement Released this Morning Failed to Accurately Reflect that the Well has Achieved an Initial Flow Rate of 300 MCFD (Thousand Cubic Feet Per Day)
HOUSTON, Aug. 5 /PRNewswire-FirstCall/ -- Rock Energy Resources, Inc. (OTC BB: RCKE.OB), an independent domestic oil and natural gas company, issued an important clarification relating to a news announcement released on the PR Newswire wire service this morning at 8:30 AM ET.
In the original announcement, the Company reported that "it has successfully recompleted the Pintail #1 well in the Upper Wilcox, located in the Garwood Field in Colorado County, Texas. The well has achieved an initial flow rate of 300 million cubic feet on a 7/64 inch choke with flowing tubing pressure of 1650 psi."
The release should have noted that "The well has achieved an initial flow rate of 300 MCFD (thousand cubic feet per day) ... ."
The original news announcement has been replaced in its entirety with a corrected version and can be accessed online via the Company's web site and other business and trade news portals.
About Rock Energy Resources, Inc.
Originally formed in April of 2004 as Rock Energy Partners LP, Rock Energy Resources is a domestic oil and gas company based in Houston, Texas. With its partners, Rock Energy is also engaged in producing oil from the Diatomite and Monterey formations in the Orcutt field and from the Casmalia Diatomite field - both located in Santa Barbara County, California, where there is a known resource base of over 2.5 billion barrels of oil in place.
Natural gas projects include the Company's 100% working interest in the prolific Wilcox trend in the Garwood field - a leasehold of 1,650 acres in Colorado County, Texas with 3P reserves estimated to be 40 billion cubic feet; and a 100% working interest in the Bob West Prospect, a 1,110 acre leasehold in Starr County, Texas with Wilcox discovery potential equal to 250 billion cubic feet.
For more information, please visit www.rockenergyresources.net.
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
Maitland, FL 32751
(800) 733-2447
Fax: (407) 644-0758
info@redchip.com
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