Rocky Old Man Energy Inc.

March 17, 2005 17:40 ET

Rocky Old Man Energy Inc.: News Release


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ROCKY OLD MAN ENERGY INC.

TSX VENTURE SYMBOL: RO

MARCH 17, 2005 - 17:40 ET

Rocky Old Man Energy Inc.: News Release

CALGARY, ALBERTA--(CCNMatthews - March 17, 2005) - Rocky Old Man Energy
Inc. (TSX VENTURE:RO) participated for a 13.3% net working interest in a
Slave Point oil well at Evi, Alberta that has been completed and which
should be placed on production by the second quarter.

Two wells have been drilled on lands farmed out by Rocky at Williston
Green, Alberta The corporation retained a 5% non-convertible overriding
royalty. The first well was producing 706 mcf of natural gas per day
with associated natural gas liquids and has been temporarily shut in due
to facility capacity. The second well is producing at a restricted rate
of 1,600 mcf of natural gas per day with associated natural gas liquids.

A Gething gas well has been drilled on lands farmed out by Rocky in
central Alberta. Rocky retained a 12% overriding royalty, convertible to
a 30% net working interest at payout. The well production tested at
2,400 mcf of natural gas per day and is waiting for pipeline tie-in.

The Company has also recently sold 949 acres of 100% net working
interest lands at Williston Green for $64,000 and a 5% non-convertible
overriding royalty and has agreed to farm out its interest in a quarter
section of land at Trout for $20,000 and a sliding scale royalty
convertible to a 30% working interest after payout.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Rocky Old Man Energy Inc.
    David Calnan
    (403) 299-9606
    The TSX Venture Exchange has neither approved nor disapproved of the
    information contained herein.