• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Deep Rock Oil & Gas, Inc. Receives $400,000; Total New Equity Capital Raised $1,000,000

Posted on: Friday, 7 October 2005, 09:00 CDT

Deep Rock Oil & Gas, Inc. Receives $400,000; Total New Equity Capital Raised $1,000,000

TULSA, Okla., Oct. 7, 2005 (PRIMEZONE) -- Deep Rock Oil & Gas, Inc. (Pink Sheets:DPRK) announced today that it has received an additional investment of $400,000 raising the company's total equity to $1,000,000 over the last 30 days.

Robert Garner, CEO, stated, "The receipt of the $400,000 gives the Company a significant cash infusion to further its efforts to increase the oil and gas production of our current wells and start to focus on our best alternatives for new drilling. The Company now has $1,000,000 in cash resources allowing us to move more expeditiously in our expansion plans."

About Deep Rock Oil & Gas, Inc.

Deep Rock Oil & Gas, Inc. ("Deep Rock" or the "Company"), an oil and natural gas exploration and production company, currently has working interests in 33 wells, ten of which are operated by the Company in the states of Oklahoma and Texas.

Safe Harbor Statement

Certain statement included in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that meet defined specifications. When used in this press release, the words "plan,""expect,""believe," and similar expressions are generally considered forward-looking statements. These statements reflect our current expectations.

CONTACT: Deep Rock Oil & Gas, Inc. Robert Garner (918) 459-9689

Copyright © 2005 PrimeZone Media Network, Inc.

Source: PrimeZone Media Network

More News in this Category