SOURCE: Deep Rock Oil & Gas, Inc.

April 04, 2007 13:11 ET

Deep Rock Oil & Gas, Inc. Announces Progress in the Big Foot Field

TULSA, OK -- (MARKET WIRE) -- April 4, 2007 -- Deep Rock Oil & Gas, Inc. (PINKSHEETS: DPRK) announced today additional progress has been made in the redevelopment of its Big Foot Field in Frio County, Texas. Through its ownership in Z2 LLC, Deep Rock has participated in the first 5 wells of the 2007 drilling program for the field. These 5 wells averaged 26 Barrels of Oil and 55 MCF of Gas per day when tested for initial production rates. These rates are significantly better than expected when plans were made for this drilling program.

Crews are presently finishing completion of the natural gas pipeline gathering system and preparing for expected gas sales to commence by mid-April. The gas refrigeration unit is being revamped to collect the liquid condensate from the gas stream which is expected to average about 500 MCF per day initially.

These operations, which are a part of Z2's $40 million funding package, have increased production from Big Foot Field by about 25% to date. Five additional wells are being permitted and additional drilling should be underway soon.

Deep Rock Oil Gas, Inc. owns 6.29% interest in Z2 LLC and also holds a 5.8625% net profits interest in the field.

C.R. Garner, CEO of Deep Rock, stated, "The progress made this year at Big Foot bears out our confidence in the potential for the Big Foot Field, and we are looking forward to continued development of this oil and gas production."

About Deep Rock Oil & Gas, Inc.

Deep Rock Oil & Gas, Inc. ("Deep Rock or the Company") is an oil and natural gas exploration and production company and currently has working interests in 33 wells, ten of which are operated by the Company. By utilizing advanced recovery technologies, sound engineering and experienced and committed management, Deep Rock has developed a proven corporate growth strategy of identification, acquisition and development of domestic oil and gas reserves thereby reducing U.S. dependence on foreign oil.

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