ORLANDO, Fla., March 3, 2008 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies Inc., today announced that it has initiated coverage on Rock Energy Resources, Inc. (OTCBB:RCKE), an independent oil and natural gas company based in Houston, Texas.
Paul Rapa, MBA, RedChip Research Analyst, reported:
"Rock Energy Resources, Inc., acquires drills for, produces and sells natural gas, natural gas liquids, and crude oil currently from two locations: the Wilcox trend in both Starr and Colorado counties, Texas, and an emerging resource (diatomite) trend in Santa Barbara County, California."
"The biggest cost for lifting oil out of the ground and firing the steam generators is the cost of natural gas. This is what makes the South Texas natural gas producing fields so important. RCKE's cost for finding and lifting oil is very good compared to the rest of the market," continued Rapa.
"We believe RCKE will invest into their three core areas over the next few years and develop a balanced portfolio of both oil and gas production. The Company is poised for tremendous growth in both its reserve base and revenues by exploiting its inventory of world class properties, and we are initiating coverage with a 'Buy' rating," he concluded.
To receive a complimentary copy of the RedChip Visibility Initial Research Report for Rock Energy Resources, Inc., please visit:
http://www.redchip.com/visibility/about.asp?page=vreport&reportid=89&from=03032008news
About RedChip Companies Inc.
RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. Dedicated to "Discovering Tomorrow's Blue Chips Today,"(tm) RedChip delivers concrete, measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products and services, which include RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, and RedChip Radio(tm). To learn more about RedChip's products and services please visit:
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