SOURCE: Rockdale Resources Corporation

Rockdale Resources Corporation

March 07, 2015 19:40 ET

Rockdale Resources Announces a Change in Executive Leadership to Enhance Production and Profitability

HOUSTON, TX--(Marketwired - March 07, 2015) - Rockdale Resources Corporation (OTCQB: BBLS) (the "Rockdale") today announced that David N. Baker has stepped down as Chief Executive Officer and from our board of directors, effective February 28. As a result, Leo Womack has been elected to succeed Mr. Baker as Chairman of the Board and Zel C. Khan appointed CEO and President of the Company. Mr. Khan's appointment was made with the expectation of Rockdale entering into a definitive agreement with Jovian Resources, LLC ("Jovian") to acquire a 25% Working Interest in an existing operating field Jovian owns in Creek County, Oklahoma in exchange for new securities to be issued by Rockdale.

"Our job now is to maximize production with an operating system that maintains low lift costs, thus creating value for our shareholders despite the suppressed oil price. We have a good pulse on the properties and have a program in place to increase cashflow," said Mr. Khan.

Mr. Khan is an oil field operator with over 20 years of experience in the Oil and Gas industry. He has successfully operated, both on and offshore, in Texas, Oklahoma, New Mexico and California. He has established a reputation for reducing operating costs on various projects, including a former ConocoPhillips offshore facility located in deep water Gulf of Mexico. Mr. Khan holds an MBA from Chapman University, California.

About Jovian Resources, LLC

Jovian Resources, LLC, is a private oil re-exploration and production company. The Company focuses on existing oil wells in established areas of oil production, while implementing new techniques to maximize the production of existing reservoirs at low lift costs.

About Rockdale Resources Corporation

Rockdale Resources Corporation is a domestic oil exploration and production company. The Company focuses on new oil wells in established areas of oil production. The Company uses state of the art technology to maximize production and to identify areas with the greatest potential. The Company's core area of operations have been in the Minerva-Rockdale Field near Rockdale, Texas, which has produced over 7 million barrels of oil since its first wells were established in 1921. The Company's corporate offices are located in Houston, Texas.

Forward-looking Statements

Certain information in this press release constitutes forward-looking statements within the meaning of applicable securities laws, including, but not limited to, statements regarding well production, use of proceeds, future drilling, operating expenses, and additional funding. Any statement that does not contain a historical fact may be deemed to be a forward-looking statement. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential," or "continue," the negative of such terms, or other comparable terminology, although not all forward-looking statements contain such identifying words.

Forward-looking statements are subject to a number of assumptions, risks, and uncertainties, many of which are beyond the Company's control, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Such assumptions, risks, and uncertainties include, among others, those associated with exploration activities, oil and gas production, marketing and transportation, costs of operations, loss of markets, volatility of oil and gas prices, imprecision of reserve and future production estimates, environmental risks, competition, inability to access sufficient capital from internal and external sources, general economic conditions, litigation, and changes in regulation and legislation. Readers are cautioned that the foregoing list is not exhaustive.

Additional information on these and other factors that could affect Rockdale's operations or financial results is available by contacting Rockdale. Furthermore, the forward-looking statements contained in this press release are made as of the date of this press release, and Rockdale does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by applicable law.

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