Rockbridge Resources Inc.

Published : June 19th, 2014

RockBridge signs to purchase BC producing gas properties

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Keywords :   Growth | Oil |

RockBridge signs to purchase BC producing gas properties

TSX Venture Exchange:  RBE

VANCOUVER , June 19, 2014 /CNW/ - RockBridge Resources Inc. ("RockBridge" or the "Company" – TSX-V symbol: RBE) is pleased to announce that it has a signed Offer to Purchase with respect to certain producing gas properties located in northeastern British Columbia . The properties encompass over 7 sections gross of land with the purchase involving non-operated working interests of 9% to 25% in several producing and non-producing wells.

The purchase fits within RockBridge's strategy of continued growth, primarily through acquisitions, and on completion will bring the Company's net production to about 100 BOEPD, a major increase from its current production. On completion of this purchase, the Company, with increased production and cash flow, fully intends to continue with its strategy of growth through further transactions.

The purchase is expected to close in August 2014 and is subject to customary conditions including due diligence, signing a formal purchase agreement and regulatory approval. More details will be provided as the transaction proceeds.

ON BEHALF OF THE BOARD

ROCKBRIDGE RESOURCES INC.

"Steve Mathiesen"

Steve Mathiesen , President  & CEO

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. 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.

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.

SOURCE Rockbridge Energy Inc.

Read the rest of the article at finance.yahoo.com

Rockbridge Resources Inc.

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CODE : RBE.V
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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.

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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.
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