RockBridge Reviews Strategic Alternatives and Provides Update
Published : January 08, 2013
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Debt | Market | Oil | Water |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 8, 2013) - RockBridge Resources Inc. ("RockBridge" or the "Company") (News - Market indicators) announces that its Board of Directors has commenced a review of strategic alternatives for the Company with the objective of enhancing shareholder value.

Strategic alternatives may include a reorganization of the Company, new management with a material vested interest, new projects or other possible transactions. There is no set timetable for this process and the Company cautions that there can be no assurance that this review will result in any transaction.

In the meantime, RockBridge continues, essentially debt free, with a small income stream from its existing oil and gas projects. The Woodrush oil and gas project in BC consists of 9 wells, which in 2012 averaged more than 380 BOE per day, and with water flooding under way, the operator is targeting production to rise to 700 BOE per day. The Company holds a 1.0% interest in Woodrush, along with a 50% interest in a small producing oil well in the Bantry area of Alberta and interests in other non-operated projects in Alberta.

RockBridge also holds a 50% working interest in the gas project in the Knopcik area of Alberta, with its joint venture partner, Crimson Energy Ltd. holding the other 50% WI. The Knopcik well was completed in the Nikanassin formation in 2006 and a test in early 2012 yielded a flow rate of 600 mcf per day of gas. An evaluation of the reserves conducted in accordance with NI 51-101 Standards determined the gross proven and probable undeveloped reserves to be 970 mmcf of gas. Future plans are to re-stimulate, test and tie in the well when gas prices improve.

ON BEHALF OF THE BOARD

ROCKBRIDGE RESOURCES INC.

Mike O'Byrne, President & CEO

Should you wish to receive Company news via email, please email jeremy@chfir.com and specify "RockBridge Resources" in the subject line.

This news release may include statements about expected further events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. RockBridge cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what RockBridge currently foresees. Discussion on the various factors that may affect future results is contained in RockBridge's recent filings, available on SEDAR.

Reference to BOE means barrels of oil equivalent and is derived by converting gas to oil at the ratio of six thousand cubic feet (mcf) of gas to one barrel (bbl) of oil. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner top and does not represent a value equivalency at the wellhead. References to BOEPD means barrels of oil equivalent per day.

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this news release.

RockBridge Resources Inc.
604-687-4719
info@rockbridgeresources.com
www.rockbridgeresources.com
or
CHF Investor Relations
Jeremy Hill
Associate Account Manager
416-868-1079 x 238
jeremy@chfir.com

Rockbridge Resources Inc.

EXPLORATION STAGE
CODE : RBE.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

RockBridge Res is a exploration company based in Canada.

RockBridge Res holds various exploration projects in Canada.

Its main exploration properties are CROSS HILLS, PEMBINA PROJECT and BANTRY in Canada.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Rockbridge Resources Inc.
8/26/2013Announces Financings and Share Consolidation
4/21/2011ANNOUNCES FIRST CLOSING OF FINANCING AND OPERATIONS UPDATE
4/20/2011Announces First Closing of Financing and Operations Update
4/1/2011 ANNOUNCES CONVERTIBLE DEBENTURE OFFERING AND MODIFIES COMMO...
3/31/2011Announces Convertible Debenture Offering and Modifies Common...
Nominations of Rockbridge Resources Inc.
7/31/2013Appoints Senior Vice-President
7/22/2010APPOINTS NEW DIRECTOR
Project news of Rockbridge Resources Inc.
11/13/2014Rockbridge completes acquisition of producing gas properties
5/31/2011(Pembina Project)ANNOUNCES LAND ACQUISITION IN PEMBINA
2/17/2011(Pembina Project)Begins Drilling of Pembina Cardium Horizontal Well
8/10/2010(Cross Hills)Completes prospecting and proceeds with plans for drilling
7/28/2010(Cross Hills)Further expands REE and Copper property and advances work pr...
6/29/2010(Cross Hills)Announces two new mineral discoveries
4/27/2010(Cross Hills)Doubles size of Newfoundland rare earth prospect as work pro...
Corporate news of Rockbridge Resources Inc.
1/29/2015Rockbridge 2014 year review
7/24/2014RockBridge company update
6/25/2014RockBridge Announces Private Placement
6/19/2014RockBridge signs to purchase BC producing gas properties
5/22/2014Rockbridge Company Update
7/15/2013Completes Acquisition of Producing Properties in Alberta
6/13/2013to Acquire Producing Properties in Alberta
2/5/2013=2D News Release
2/5/2013Company Update
1/8/2013Reviews Strategic Alternatives and Provides Update
10/31/2012Completes Property Sale
10/10/2012Signs Strategic Alliance Agreement With Crimson
12/28/2011News Release
3/22/2011ROCKBRIDGE RESOURCES INC. SHAREHOLDER UPDATE
6/25/2010Reports on continuing development of oil & gas projects
3/24/2010ANNOUNCES TWO NEW OIL AND GAS DISCOVERIES
10/8/2009Agrees to acquire mining exploration company
9/29/2009Completes debenture financing.
8/24/2009RockBridge Energy Inc.
8/5/2009RockBridge Energy Inc.
7/23/2009RockBridge Energy Inc.
7/3/2009RockBridge Energy Inc.
7/1/2009RockBridge Energy Inc.
6/19/2009RockBridge Energy Inc.
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (RBE.V)
0.205+10.81%
TSX-V
CA$ 0.205
09/28 13:32 0.020
10.81%
Prev close Open
0.185 0.215
Low High
0.205 0.215
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.205 -%
Volume 1 month var.
7,125 -%
24hGold TrendPower© : -21
Produces
Develops
Explores for Natural gas - Niobium - Oil - Ytrium - Zirconium
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.55-1.69%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.33+6.89%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.72+0.84%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.59+1.17%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 17.50+4.48%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+2.08%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20-2.38%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.53+13.45%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 49.62+0.78%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :