RockBridge Energy Inc.
TSX VENTURE : RBE

RockBridge Energy Inc.

January 27, 2010 12:38 ET

RockBridge Teams Up With Rustler Petroleum on Pembina Properties

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 27, 2010) - RockBridge Energy Inc. (RockBridge) (TSX VENTURE:RBE) announces that Rustler Petroleum Inc. (Rustler). A private oil and gas company of Calgary has acquired Brookemont Capital's 50% interest in the Pembina and Bantry properties. RockBridge continues to own its 50% interest in the properties, which include 9 producing oil and gas wells, and has agreed that Rustler is to be the operator of the properties effective February 1, 2010.

Rustler brings extensive knowledge of both the industry and the area and after an initial assessment of the wells, will be reviewing the overall operations as to improving efficiencies through reduced costs and increased production. Rustler will also later this year be assessing the Pembina properties for possible further development of the Cardium formation with horizontal wells.

The principals of Rustler are Alan D. Jack, P.Eng. and Gerald J. Wendland, P. Geol. Mr. Jack has 30 years' experience in all aspects of the oil and gas industry, including operations, reservoir engineering, and acquisitions and raising equity in the capital markets. He has successfully grown two public resource companies and two private resource companies to a critical mass. Mr. Jack is a member of the Association of Petroleum Engineers, Geologists and Geophysicists of Alberta (APEGGA) and the Society of Petroleum Engineers (SPE). Mr. Wendland also has 30 years' experience in all aspects of oil and gas exploration, exploitation and acquisitions over most of the Western Canadian Sedimentary Basin. He holds a successful record of hydrocarbon reserve additions in excess of 45 million barrels of oil and over 40 billion cubic feet of gas. Mr. Wendland is a member of APEGGA, the Canadian Society of Petroleum Geologists (CSPG) and the American Association of Petroleum Geologists (AAPG).

On the acquisition of the B.C. mineral exploration company, 0859842 B.C. Ltd., the formal agreement has been completed and the final steps are being taken to complete the transaction and private placement shortly.

ON BEHALF OF THE BOARD

ROCKBRIDGE ENERGY INC. Gary Mathiesen Gary Mathiesen, President and 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 press release.

Contact Information

  • RockBridge Energy Inc.
    Howard Milne
    (604) 687-4719