Castle Rock Petroleum Ltd.

Castle Rock Petroleum Ltd.

September 12, 2005 09:00 ET

Castle Rock Petroleum Ltd.: Acquisition of Private Company Completed

CALGARY, ALBERTA--(CCNMatthews - Sept. 12, 2005) - Castle Rock Petroleum Ltd. (TSX VENTURE:RCK.A) (TSX VENTURE:RCK.B) ("Castle Rock") is pleased to announce that on September 9, 2005, it acquired all of the issued and outstanding shares of a private oil and gas company for $4.3 million. Castle Rock paid cash of $2,580,000 and issued 1,075,000 Castle Rock Class A Common Shares priced at $1.60 per share to complete the acquisition.

The entering into of this transaction and certain information about this private company were announced by Castle Rock on August 25, 2005.

Castle Rock Petroleum Ltd. is an emerging company engaged in the acquisition, exploration, development and production of oil and natural gas reserves in western Canada. Castle Rock has 9,075,000 Class A shares and 900,000 Class B shares outstanding.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the information contained in this news release.

Contact Information

  • Castle Rock Petroleum Ltd.
    Michael Makinson
    VP Finance and CFO
    (403) 290-3261 or Toll free: 1-888-290-3255