SOURCE: Rockdale Resources Corporation
AUSTIN, TX--(Marketwire - February 06, 2013) - Rockdale Resources Corporation (OTCQB: BBLS), an Austin, Texas-based oil drilling and production company, has announced the appointment of Marc S. Spezialy, the company's current Chief Financial Officer, as Chief Executive Officer and a member of the company's board of directors.
The company also announced that Patrick W. Merritt, a veteran Houston-based oil and gas engineer and executive, has joined the company as Senior Vice President - Exploration and Development, and has been elected to the board of directors.
Michael D. Smith, the company's former president and Rick A. Wilber, have resigned from the board.
"Mr. Spezialy and Mr. Merritt are excellent additions to Rockdale," stated John Barton, a director of the company. "Mr. Spezialy has been an outstanding CFO, has an intimate knowledge of all company operations, and the board believes he will be an ideal CEO."
Mr. Merritt brings to Rockdale a wealth of experience in oil field drilling, operations and production. He has served for over two decades as the president of Traton Engineering, a full-service engineering and consulting firm with expertise in all phases of petroleum operations throughout the world.
Mr. Merritt stated that, "The Minerva-Rockdale Field provides an outstanding core area for a growing company like Rockdale Resources. The field produces almost 100% high quality oil, has low drilling costs, high drilling success rates and excellent access to major refineries. I am excited to be a part of Rockdale as it prepares for an aggressive, multi-year drilling program."
About Rockdale Resources Corporation
Rockdale Resources Corporation is a domestic oil exploration and production company. Rockdale 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 is in the Minerva-Rockdale Field near Rockdale, Texas, which produced over 7 million barrels of oil since its first wells were established in 1921. The Company's corporate offices are located in Austin, Texas.
This press release may contain forward-looking statements. Actual results could differ materially from a conclusion, forecast or projection in the forward-looking information. Certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection in the forward-looking information.