RockBridge Update
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/05/12 -- RockBridge Resources Inc. ("RockBridge" or the "Company") (TSX VENTURE: RBE) has now closed the final small tranche of its offering of flow-through and non flow-through units at $0.05 each. RockBridge issued 610,000 non flow-through units and paid commissions of $3,050 cash and issued 61,000 brokers' warrants, exercisable for one share for two years at $0.15. All of the shares issued are subject to a four-month hold period.
RockBridge continues to focus on its proposed 2012 drilling program which includes participation in five (5) horizontal Cardium wells on the Company's East Pembina land block.
The Company anticipates proceeding with a new financing in the coming weeks to further fund its operations.
About RockBridge Resources Inc.
RockBridge, along with its joint venture projects with Crimson Energy Ltd., has 18% to 50% working interests in five and three quarter sections in the Pembina Cardium oil and gas field in Alberta. In addition, RockBridge has a small interest in the producing Woodrush project in BC and various interests in non-operating projects in Alberta.
ON BEHALF OF THE BOARD
ROCKBRIDGE RESOURCES INC.
Mike O'Byrne, President & CEO
Should you wish to receive Company news via email, please email and specify "RockBridge Resources" in the subject line.
This news release may include statements about expected further events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. RockBridge cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what RockBridge currently foresees. Discussion on the various factors that may affect future results is contained in RockBridge's recent filings, available on SEDAR.
Reference to BOE means barrels of oil equivalent and is derived by converting gas to oil at the ratio of six thousand cubic feet (mcf) of gas to one barrel (bbl) of oil. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner top and does not represent a value equivalency at the wellhead. References to BOEPD means barrels of oil equivalent per day.
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
Contacts:
RockBridge Resources Inc.
604-687-4719
CHF Investor Relations
Juliet Heading
Senior Account Manager
416-868-1079 x239
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 05.09.2012 - 16:22 Uhr
Sprache: Deutsch
News-ID 180641
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Oil & Gas
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