Rock Energy Inc.

Rock Energy Inc.

December 08, 2010 08:30 ET

Rock Energy Inc. Announces Executive Appointments and Hedging Program

CALGARY, ALBERTA--(Marketwire - Dec. 8, 2010) - Rock Energy Inc. (TSX:RE) ("Rock") is pleased to announce the following appointments to its executive team as the Company positions itself for future initiatives.

Robert A. ("Bob") Phelps, who joined Rock in November 2008, has been promoted to Vice President Exploration and will have the responsibility of leading the Company's exploration team. Bob, who will be reporting to Jeffrey G. Campbell, Senior Vice-President and Chief Operating Officer, is a senior geologist with over 35 years of experience in the Western Canadian Sedimentary Basin. He has a proven track record and has been instrumental in developing Rock's drilling inventory in both the Plains and West Central Alberta core areas.

In addition, Bryan Dozzi, has been promoted to Vice President Business Development reporting to Jeff Campbell. Bryan, who has 24 years of oil and gas experience, was responsible for several engineering accomplishments of Rock since he joined the Company in July 2009. In this newly created role, Bryan will be responsible for evaluating acquisition opportunities; initiating a rationalization of non-core assets as well as reservoir engineering responsibilities for the Company. These initiatives are intended to supplement Rock's strong portfolio of internally generated heavy oil and Deep Basin Montney natural gas opportunities. 

Finally, Terry Manery has been promoted to Vice President and Controller reporting to John H. Van de Pol, President and Chief Financial Officer. Terry joined Rock in September 2009 and has more than 25 years of oil and gas experience in growth oriented oil and gas companies. She will be responsible for Rock's accounting and administrative matters and will play a key role in Rock's future plans as the Company develops its growth initiatives.

Rock is also pleased to announce that it has initiated a commodity hedging program commencing on January 1, 2011. With respect to its current production base, which is more than 70 percent crude oil and liquids weighted, Rock has executed crude oil collars on an average of 1,100 barrels per day for 2011 and an average of 400 barrels per day for 2012 at a floor price of US $80.00 per barrel with a ceiling price of US $96.80 per barrel. 

Rock is poised for growth in 2011 as we proceed with an aggressive capital program to deliver growth and value for our shareholders.

Contact Information

  • Rock Energy Inc.
    Allen J. Bey
    Chief Executive Officer
    (403) 218-4380
    Rock Energy Inc.
    John H. Van de Pol
    President and Chief Financial Officer
    (403) 218-4380