TULSA, Okla., Nov. 8, 2005 (PRIMEZONE) -- Deep Rock Oil & Gas, Inc. (Pink Sheets:DPRK) announced today that it has finalized the acquisition of nearly 400 acres adjacent to the Washington Gathering System in northern Oklahoma. This acquisition is complete with a saltwater disposal well and has the potential for drilling up to 8 new well sites.
If all 8 wells are drilled and completed, it is projected to add nearly 75,000-100,000 MCF of gas delivery rates per well with a completion cost per well estimated at $75,000. Robert Garner, CEO commented, "We are pleased with the completion of this latest acquisition as it is further evidence that we are successfully implementing our business plan. Additionally, we are always excited to bring news like this to our shareholders." Gross revenues could reach an additional $1,500,000 annually with an additional increase in gross gas reserves of 4 BCF.
About Deep Rock Oil & Gas, Inc.
Deep Rock Oil & Gas, Inc. ("Deep Rock or the Company"), is an oil and natural 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 and 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
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