Rock Energy Resources Acquires Acreage in South Texas Near Garwood Field Prospect
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Rock Energy Resources Acquires Acreage in South Texas Near Garwood Field
Prospect
3P Natural Gas Reserves Estimated to Exceed 40 Billion Cubic Feet
HOUSTON, May 20 /PRNewswire-FirstCall/ -- Rock Energy Resources, Inc.
(OTC Bulletin Board: RCKE), 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.
SOURCE Rock Energy Resources, Inc.
Dodi B. Handy, President and CEO, Elite Financial Communications Group,
+1-407-585-1080, RCKE@efcg.net
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