Oil and gas exporation company, Rock Energy Resources, Inc on Modelling Assumptions
An independent domestic oil and natural gas company, Rock Energy Resources Inc, told the press that an audio replay of the conference call hosted by management yesterday afternoon has been posted to its web site. During the call, the Company’s founder, Chairman and CEO, Rocky Emery, and Vice Chairman Mark Harrington discussed topics primarily outlined in a news announcement released shortly before the call commenced. Topics of discussion included anticipated near term milestones, capital formation, thermal oil recovery technologies, developments involving the Company’s oil and gas E&P projects in California and Texas, and key assumptions used to model the 2009/2010 financial and operational forecasts published in the related press release and further detailed in a PowerPoint presentation also posted to Rock Energy’s web site.
Following the completion of our reverse merger early in the first quarter of this year, we acquired 2.5% working interests in two notable oil development projects in Central California known as Orcutt and Casmalia; spudded three wells on Orcutt; negotiated a $40 million equity financing with Perm Energy Advisors; and applied for listing on the American Stock Exchange.
Rock Energy Resources, Inc was 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 Northwest 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% operated 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.