HOUSTON, April 8, 2008 (PRIME NEWSWIRE) -- Rock Energy Resources, Inc. (OTCBB:RCKE), a producer engaged in the exploration, development and production of crude oil and natural gas, today announced that the company has increased its ownership in the Orcutt Project in Santa Barbara County, California, where the company is working with partners to recover oil from the shallow Opal A (diatomite) formation and is currently producing from the Monterey formation.
This latest acquisition brings the company's working interest in the Orcutt project to 4.54%. The company recently drilled three new wells on the Orcutt property, and it is anticipated that these wells will be perforated and steamed in the coming days.
Rock Energy Resources, Inc. CEO Rocky Emery said, "This is a great first step; and, after taking a look at the logs for these new wells, we are even more excited about our opportunity to continue to invest in Orcutt for the development of more wells and to increase our ownership interests."
About Rock Energy Resources, Inc.
Originally formed in April of 2004 as Rock Energy Partners LP, Rock Energy Resources, Inc. is an oil and gas company based in Houston, Texas, that seeks out untapped, onshore natural gas and crude oil resources using cutting-edge 3D technologies. Rock Energy Resources, Inc. 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.
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.