SOURCE: Pepper Rock Resources Corp

Pepper Rock Resources Corp

February 16, 2010 06:00 ET

Pepper Rock Resources Has Begun Work on Development Wells

CHICAGO, IL--(Marketwire - February 16, 2010) -  Pepper Rock Resources Corp. (OTCBB: PEPR) is pleased to announce that after initial payment according to the agreement, work has begun on the re-entries and completion of its two wells with Katy, Texas based Oxalis Energy Inc. This comes just a week after the execution of the joint venture agreement with Oxalis.

Preparation in the well bores will enable the Company to begin in "frac" process within the next 30 days. Following this, some effective gas measurements can be expected to be taken to gauge the effectiveness of this program. 

Thereafter, the wells are expected to be tied into the pipeline gathering system for the gas to be transported to the processing plant.

Forward-Looking Statements
This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Forward-looking statements involve risks and uncertainties. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the Company to be different from those expressed or implied. Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements.

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