In a press release on Wednesday, July 16th, Rock Energy CEO Rocky Emery made several comments on the current status of the corporation. Rock Energy is a domestic oil and gas company looking to attain a sizable portion of the American oil industry.
Mr. Emery said, “In 2007, our senior leadership team mapped out an ambitious three-year plan of action providing for a phased execution strategy capable of propelling our Company to the forefront of the U.S. oil and gas industry. I’m pleased to confirm that we remain on pace to do just that. During the first six months of 2008, our team met mission critical milestones and objectives that have collectively served to define what we view as a clear trajectory path to long-term success and measurable value creation for our shareholders.”
Among the milestones spoken of by Mr. Emery was a first quarter reverse merger which took place just prior to the acquisition of 2.5-percent working interests in two California oil projects. The company has also applied to have its shares listed on the American Stock Exchange. In addition, the first half of 2008 saw the appointment of thirty-year energy executive Mark Harrington to the post of Vice Chairman of the Board. The company expects growth to continue in 2008, citing its intent to increase working interests in the Orcutt and Casmalia projects to twenty percent by year’s end.
“The energy markets are more than robust, helping to fuel our enthusiasm and optimistic outlook for Rock Energy Resources’ future performance.” Mr. Emery stated, “We intend to provide routine formal updates of our progress and will be participating in a number of upcoming financial and industry conferences and road shows to increase investor awareness of and appreciation for our Company’s promising future.”
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