Deep Rock Completes First Well in Four-Well Project; Initial Tests Project 1,000,000 CF/Day Production Capability
Posted on: Friday, 13 January 2006, 12:00 CST
TULSA, Okla., Jan. 13 /PRNewswire-FirstCall/ -- Deep Rock Oil & Gas, Inc. (OTC Pink Sheets: DPRK) announced today that the initial natural gas flow rate tests through the drill pipe on the Eppler No. 4 in Washington County, Oklahoma exceeded 1,000,000 cubic feet per day. The Eppler No. 4 represents the first of a four-well drilling project in Washington County, Oklahoma intended to both enhance the profitability of its joint venture with Apollo Resources (AOOR) and increase the proven reserves and profitability of the company. Deep Rock owns a 20% working interest in this initial well and intends to drill a second developmental well immediately.
Robert Garner, CEO of Deep Rock stated, "We are pleased that the initial well in our four-well package had such positive results and are looking forward to beginning the next well to determine if our analysis regarding the gas reserves in Washington is accurate."
About Deep Rock Oil & Gas, Inc.
Deep Rock Oil & Gas, Inc. ("Deep Rock or the Company"), is an oil and 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 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
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.
Deep Rock Oil & Gas, Inc.
CONTACT: Robert Garner of Deep Rock Oil & Gas, Inc., +1-918-459-8469
Source: PRNewswire-FirstCall
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