Rockbridge Adopts Strategic Plan for 2016
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/20/16 -- RockBridge Resources Inc. ("RockBridge" or the "Company") (TSX VENTURE: RBE) is pleased to announce that its Board of Directors has endorsed the strategic plan recommended by management for 2016 in order to address ongoing challenges with depressed oil and gas prices and with operating expenses. RockBridge seeks to improve financial performance and to again grow through acquisitions.
The Company will focus on Western Canadian producing oil and gas properties operated by third parties, and is currently considering several options in order to achieve that target and its goal of improved cash flow.
The plan for 2016 includes growth to increase production and revenue, primarily through acquisitions of producing assets or potential mergers with other companies operating in western Canada.
ROCKBRIDGE RESOURCES INC.
Steve Mathiesen, President & CEO
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.
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 news release.
Contacts:
RockBridge Resources Inc.
604-687-4719
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Unternehmensinformation / Kurzprofil:
Datum: 20.01.2016 - 14:00 Uhr
Sprache: Deutsch
News-ID 445359
Anzahl Zeichen: 2376
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Oil & Gas
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