Rocky Old Man Energy Inc.

June 02, 2006 09:00 ET

Rocky Old Man Energy Inc.: Press Release

CALGARY, ALBERTA--(CCNMatthews - June 2, 2006) - Rocky Old Man Energy Inc. (TSX VENTURE:RO):

Revenues for the nine month period ending April 30, 2006 were $1,053,942 for earnings of $492,667.

Rocky's production averaged approximately 80 barrels of oil equivalent per day in the quarter ended April 30, 2006 (6 mcf = 1boe). The Corporation believes that production and revenues in future quarters should continue to improve over previous quarters.

Rocky participated in a horizontal well at Willesden Green in the quarter. This well was completed as an oil well and commenced production in May 2006. The Corporation has an 18% working interest in this well. The well is producing at approximately 30 barrels of oil per day, gross.

Rocky participated in a recompletion at Wilson Creek, Alberta in the quarter. This recompletion resulted in a Belly River gas well which commenced production on May 8, 2006. Rocky has a 16% working interest and a 5% royalty interest in this well. This well is producing at approximately 1.6 million cubic feet per day, gross.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • Rocky Old Man Energy Inc.
    David Calnan
    (403) 299-9606