RockBridge Resources Inc.

RockBridge Resources Inc.

May 25, 2011 14:02 ET

RockBridge Announces Land Acquisition in Pembina

CALGARY, ALBERTA--(Marketwire - May 25, 2011) - RockBridge Resources Inc. (TSX VENTURE:RBE) ("RockBridge" the "Company") is pleased to announces that in addition to a deal struck with EnCana Corporation in the first quarter of this year to acquire rights to the NW quarter of section 28-48-3W5, the Company has now also acquired the NE quarter of section 28-48-3W5 at a crown land sale. The net working interest for RockBridge in the entirety of section 28-48-3W5 will now be 37.5%. The Company is also pursuing additional acquisitions and land swaps in its two core Pembina Cardium properties to rationalize and maximize future drilling locations and reserves capture. For example the above acquisition has added two horizontal drilling locations to the company's inventor increasing it from 20 to 22. The Company has been approached by nearby parties to farm-in on our acreage; however, to date no transaction has been consummated.

RockBridge President and CEO, Richard J. Wolfli, stated, "We are consolidating and rationalizing our southern Pembina Cardium lands to maximize the exploitation schemes and the total reserves we can exploit and prove on the acreage. This is important in crystallizing value for the resource in future drilling or farm-out opportunities."


RockBridge holds 35.7% to 50% working interests in 5 sections in the Pembina Cardium oil field in Alberta. The Company and its partner have identified up to 22 low risk horizontal drilling locations on the properties. RockBridge has a 1.0% interest in the expanding Woodrush BC oil project and various non-operated interests in Alberta and British Columbia.



Richard J. Wolfli, President and CEO

Reference to BOE means barrels of oil equivalent and is derived by converting gas to oil at the ratio of six thousand cubic feet (mcf) of gas to one barrel (bbl) of oil. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner top and does not represent a value equivalency at the wellhead. References to BOEPD means barrels of oil equivalent per day.

This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by RockBridge. The forward-looking statements or information contained in this news release are made as of the date hereof and RockBridge does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulator Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release.

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