RockBridge Resources Inc.

RockBridge Resources Inc.

November 09, 2010 13:40 ET

RockBridge Resources Inc. Operations Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2010) - RockBridge Resources Inc. (TSX VENTURE:RBE) ("RockBridge" the "Company"), is pleased to provide an update on company wide operations.

Oil and Gas

RockBridge, along with its operating partner, is mobilizing to commence the first in a series of horizontal wells combined with multi-stage fracs in the prolific Pembina Cardium in early December. 14 horizontal well targets have been identified, 8 of which are known vertical well reserves. RockBridge has a 35% to 50% interest in 4.5 sections of the Pembina field located about 50 miles southwest of Edmonton.

The Woodrush oil and gas properties located in the Peace River Arch area of northern BC are currently averaging daily gross production of 650 BOEPD. Waterflood of existing oil pools is to commence in January 2011 and is expected to significantly increase production. RockBridge holds a 1% working interest in the Woodrush oil and gas properties.

Mineral Development

RockBridge has 100% ownership of 343 claims which cover an area of approx. 20,923 acres prospective for Rare Earth Elements and Copper. A fall drilling program has been completed and the samples are with Activation Labs in Ancaster Ont. The assay results have been delayed because a large number of refusions has been required. The assay results should be ready within the next two weeks.

RockBridge has completed its fall soil sampling program within the 100% ownership in 9 claims covering approx 4,680 acres of quartz claims in the White Gold District of the central Yukon. RockBridge is currently reviewing the results, and details shall be released shortly.


RockBridge has a diversified and broad resource base including varying interests in 19 oil and gas wells and properties in Alberta and B.C. including the Pembina Cardium properties. RockBridge has a 35% to 50% interest in 4.5 sections of the Pembina field located about 50 miles southwest of Edmonton slated for the first horizontal well drilling in November, and 1 operating oil and gas well in the Bantry area about 60 miles northwest of Medicine Hat. Rustler Petroleum Inc. of Calgary owns the balance of the interests in the Pembina and Bantry properties and is now the operator. The operator has in total, identified 14 low risk horizontal drilling locations on the properties for development over several years. In addition, RockBridge has a 1.0% interest in the expanding Woodrush project together with 54 Newfoundland mineral claims prospective for rare earth elements and copper with its 2010 work program underway, 8 B.C. mineral claims and 9 Yukon mineral claims prospective for gold.



Adrian Van de Mosselaer, President and CEO

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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