Deep Rock Oil & Gas, Inc. Drills Fourth Well With Logs Indicating Both a Gas and an Oil Zone


TULSA, Okla., March 10, 2006 (PRIMEZONE) -- Deep Rock Oil & Gas, Inc. (Pink Sheets:DPRK) announced today that it has completed drilling its fourth well at a total depth of 1,440 feet to the Bartlesville formation. Preliminary log results indicate gas shows in the Mulkey formation and oil in the Bartlesville.

Robert Garner, CEO of Deep Rock, stated, "We were surprised by the oil show in the Bartlesville. We assumed that the oil formations were depleted, and that only the gas formations were economic. It may well be more economic to produce this as an oil well rather than a gas well."

About Deep Rock Oil & Gas, Inc.

Deep Rock Oil & Gas, Inc. ("Deep Rock or the Company"), is an oil and gas exploration and production company and currently has working interests in 33 wells, ten of which are operated by the Company. By utilizing advanced recovery technologies, sound engineering and experienced committed management, Deep Rock has developed a proven corporate growth strategy of identification, acquisition and development of domestic oil and gas reserves thereby reducing U.S. dependence on foreign oil.

Safe Harbor Statement

Certain statement included in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions are generally considered forward-looking statements. These statements reflect our current expectations.



            

Tags


Kontaktdaten