SOURCE: Pepper Rock Resources Corp.

Pepper Rock Resources Corp.

February 11, 2010 07:30 ET

Pepper Rock Resources Updates Status of West Texas Gas Project

CHICAGO, IL--(Marketwire - February 11, 2010) - Pepper Rock Resources Corp. (OTCBB: PEPR) (the "Company"), an emerging company focusing on low risk exploration and production reclamation projects in the oil and gas sector, reports today that it is pleased with its joint venture agreement with Oxalis Energy Group, Inc. and is optimistic to further the West Texas Project.

The Company intends to re-enter two existing wells and drill as many as ten new natural gas wells. The drilling program in this significant project encompasses 21,000 acres of high quality natural gas at depths of 4,400 to 5,200 feet.

"This property in West Texas has enormous potential according to sector analysts with estimates of total potential valuation ranging from $285 million to $423 million based on recent geological reports of undeveloped reserves on the property," Pepper Rock President Phil Kueber said.

"In addition," he noted, "due to the high BTU quality of the natural gas within this property, we expect to receive a premium on the price for natural gas production from the wells once production commences."

Initial preparations have begun on the first phase of re-entry into 2 two existing wells in order to bring them into commercial production.

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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