Rockefeller Hughes Corporation
TSX VENTURE : RHC

Rockefeller Hughes Corporation

March 31, 2014 09:00 ET

Rockefeller Hughes Announces New Drilling Project

CONCORD, ONTARIO--(Marketwired - March 31, 2014) -

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Rockefeller Hughes Corporation (TSX VENTURE:RHC) ("Rockefeller" or the "Company"), an oil and gas corporation, newly listed on the TSX Venture Exchange ("RHC"), is pleased to announce the addition of a new area of operations, the Wharton County Field project, located in Wharton County, Texas, a highly prolific oil producing area.

Background on Wharton County Field: The Company has acquired a 30% working interest in a project to be operated by Black Pearl Holdings, LLC of Houston, TX. The project is located in Wharton County, Texas, approximately 50 miles southwest of Houston. Based on a favourable interpretation of seismic data and offset production, Rockefeller's project partners will drill a well to a depth of 10,000 feet to test the Lower Frio formation. An offset producing well had an initial test rate of 236 BOPD. The new well will be drilled approximately 500 feet updip from this offsetting well. After recoupment of approximately US$400,000 of project costs, the Company's working interest will reduce to 22.5%. If this first well is successful, the project offers additional value enhancement via development drilling opportunities within the same AMI (Area of Mutual Interest).

"This will be the first of several projects in which we start expanding the operational range of our company, in order to increase production and reserves. We are in the process of discussing additional projects with Black Pearl, along with other companies who are active in our target areas in Texas. We believe that this is the first of many project examples that Rockefeller Hughes Corporation is poised to achieve significant future growth", noted Company Chairman, Zoran Arandjelovic.

About Rockefeller Hughes Corporation

Rockefeller is an emerging junior oil and gas company engaged in the acquisition, exploration, development, and production of oil and gas properties. The Company is listed on the TSX Venture Exchange under the symbol RHC. There are currently 65,924,111 shares issued and outstanding. For additional details please visit Rockefeller's website at www.rockefellerhughes.com.

Forward-Looking Statements

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