Wednesday, October 16, 2013

Rock Energy Inc. - RE.t


Rock Energy Inc. - RE.t is a growth-oriented Western Canadian energy producer focused on building a portfolio of oil and natural gas producing assets with predictable cash flow.

Rock’s current assets are primarily heavy oil properties in the Plains area and Southwest Saskatchewan.



On October 15, 2013 the company reported News

"Rock Energy Inc. Announces Operations Update for Q3 2013

CALGARY, ALBERTA--(Marketwired - Oct. 15, 2013) - Rock Energy Inc. (TSX:RE) ("Rock" or the "Company") is pleased to report its operating results for the three months ended September 30, 2013. Rock is a Calgary-based crude oil exploration, development and production company.

Production and Operations

During Q3 2013 Rock's daily sales averaged approximately 3,850 boepd (92% oil & liquids), and the Company is currently producing over 4,000 boepd (approximately 90% oil & liquids). Production for the quarter has exceeded management's forecast estimate of approximately 3,500 boepd, primarily due to Rock's continuing success in its heavy oil pool at Mantario, which is currently producing over 2,700 bbls/d. During the quarter Rock drilled a total of eleven (11.0 net) oil wells. Seven (7.0 net) vertical wells were drilled in further delineating the pool at Mantario. At Onward, one (1.0 net) vertical well was drilled in conjunction with the water flood project, one (1.0 net) exploration well was successful in penetrating a new Lloydminster heavy oil pool and two (2.0 net) horizontal wells were drilled to test the light oil productivity of the Viking Formation."

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http://pennystockjournal.blogspot.com/2013/10/rock-energy-inc-ret.html



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