DEERFIELD BEACH, Fla., May 5, 2008 (PRIME NEWSWIRE) -- Rock Energy Resources, Inc. (OTCBB:RCKE) is pleased to announce that the company will be featured in an upcoming episode of The Economic Report as part of the show's series on Fuelling the Future Economy.
Formed in 2004, Rock Energy Resources actually boasts 50 years of combined oil and gas exploration experience among its principals. With a knack for turning forgotten reservoirs into revitalized mother lodes, the Houston, Texas, company seeks out untapped, onshore natural gas and crude oil resources using cutting-edge imaging technologies.
When the value of a barrel of crude oil was a fraction of its current price, it only made economic sense for companies to seek out the huge deposits that were easy to produce. The current market conditions, along with new technologies for accessing more difficult-to-develop deposits, now allow smaller companies to come in and profit from valuable resources the big players literally left behind.
The prevailing economic environment of the 1980s saw many major oil and gas companies abandoning land-based domestic sites for more lucrative offshore and international opportunities. Today, there are scores of existing and offset wells in the continental United States which have the potential to spring to life, providing new sources of much needed energy.
"With oil over $100 per barrel and the shaky geopolitical picture abroad, America must look at energy resources in North America," said Rocky V. Emery, company Director and CEO. "We know there are vast stores of untapped resources the others either left behind or simply lacked the technology to develop. Current technology now makes recovery of these resources feasible, and indeed, profitable."
Rock Energy Resources currently has crude oil and natural gas operations in two main locations: the Wilcox trend in Colorado County and Starr County, Texas, and Diatomite along with the Monterey Formation in Santa Barbara County, California. The company utilizes the most advanced technology the industry has to offer, including 2D and 3D data, micromagnetics and sophisticated interpretive tools, to help uncover the most promising sites for further exploration.
For more information, please visit www.rockenergypartners.com.
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.