Business News
Rock Energy Issues Clarification Regarding Recompletion of Pintail #1 Well in Colorado County, Texas
2008-08-05 10:48:00
Rock Energy Issues Clarification Regarding Recompletion of Pintail #1 Well in Colorado County, Texas
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 /EMWNews/ -- Rock Energy Resources, Inc.
(OTC Bulletin Board: RCKE), 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 http://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.
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