Rocky Old Man Energy Inc.

December 12, 2006 16:45 ET

Rocky Old Man Energy Inc.: Press Release

CALGARY, ALBERTA--(CCNMatthews - Dec. 12, 2006) - Rocky Old Man Energy Inc. (TSX VENTURE:RO):

Rocky's revenues for the quarter ending October 31, 2006 were $567,955 for earnings of $250,713. Rocky's Financial Statements and Management Discussion and Analysis for its quarter ended October 31, 2006 can be viewed on SEDAR.

Rocky has participated as to a 35% working interest in the recompletion of a well at Amber, Alberta. Following payout of this well Rocky will have a 67.5% working interest. The well has been cased and is being tested. The Corporation farmed out an interest in lands at Obed, Alberta. A well was scheduled to be drilled on these lands in the Corporation's second quarter. The Corporation was to have a 7.5% gross overriding royalty interest in this well. The Corporation has tentatively agreed to release the farmee from this obligation in return for the same interest in a nearby that is awaiting tie in. The Corporation farmed its interest in lands at Gift, Alberta. A well was spudded on these lands on December 8, 2006. The Corporation will have a net royalty interest in this well convertible at payout to a 30% working interest.

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