Red Rock Resources plc

Published : July 14th, 2016

Shoats Creek Operations Update

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Shoats Creek Operations Update

14 July 2016

Red Rock Resources Plc ("Red Rock" or the "Company"), the natural resource investment and development company, announces the following developmentshave been undertaken at the Shoats Creek Field:


· Lutcher Moore #20 ("LM20") now producing 100 barrels of oil per day ("BOPD") from the Frio formation - 20 BOPD net to Red Rock

· Recompletion of the Lutcher Moore #19 Well ("LM19") as a Frio producer now finished with well testing in progress

· Work on preparing the Lutcher More 21 ("LM21") for spud continues with a firm date to be announced in due course

· Lutcher More #15 ("LM15") passed a mechanical integrity test and can now be used for all on-site disposal of Shoats Creek salt water volumes

· Additional development opportunities have been identified in the field and a plan to begin and expand natural gas production and sales is in progress

Red Rock Chairman Andrew Bell states: "We continue field expansion with the low-cost LM19 recompletion now nearly ready for fulltime production. The operator continues to work to firm the spud date for the LM21 and several additional recompletions have been identified for further development along with a plan to add natural gas production via a local partnership in the area.

While development over the year has ended up being focussed more on cheaper recompletions than on new wells we expect production levels to continue to increase and meet out ultimate targets for the year. Shoats Creek continues to offer a variety of cost-effective development pathways to increased onshore US oil and gas production."

Lutcher Moore #19

As previously announced on 8 June 2016, the LM19 well has now been recompleted as a Frio producing well following a successful squeeze job at the 5030' level. The well was originally a production well in a deeper horizon, the Cockfield, and following internal analysis offered itself as a logical candidate to produce in the Frio.

In excess of 400 BBls of oil were recovered during initial operations, swabbing and testing, with a three-day average of approximately 40 barrels of oil per day under natural pressure. The oil cut in the LM19 is over 50% better than that achieved by the Lutcher More 20 well ("LM20") and the recovered volumes, thickness of payzone, and high oil cut gives the partners enhanced confidence in the quality of the Frio sands in this section of the field. The LM19 will be added to full production in due course.

Red Rock will have a 20% WI and 14.4% NRI in the well, and the Company's contribution to the well will be approximately $8k.

Lutcher Moore #21

Preparation for the LM 21 spud continues, where Red Rock will have a 20% working interest and 14.4% net revenue interest.

Additional Well Tests

Several existing well bores have been identified as having the ability to produce oil and gas and tested as follows:

- Lutcher Moore #14: 24-hour test, 40 barrels of oil per day and natural gas at rates of up to 2.5 MMcf/d

- Robert Cain #1: 72-hour test, 10-15 barrels of oil per day and natural gas at rates of up to 100 Mcf/d

- Robert Cain #2: 72-hour test, 30 barrels oil per day and natural gas at rates of up to 350 Mcf/d

Plans to initiate production from these wells are underway by the operator and Red Rock is in discussions to participate in these additional field developments.

Natural Gas Sales

The project management team is undertaking discussions to tie-in production of natural gas utilizing one of two existing tie-in points located at Shoats Creek Field. Once gas sales can be undertaken, additional exploitation opportunities of well bores with re-entry potential in gassier pay zones holds substantial potential to generate additional low risk, low cost revenue at Shoats Creek Field.

Qualified Person

The technical information that is contained in this announcement has been reviewed by Mr. Kevin Green, a Petroleum Geologist who is a suitably qualified person with over 30 years' experience in assessing hydrocarbon reserves and who has consented to the inclusion of the technical information.

For Further Information Contact:

Andrew Bell0207 747 9990 ChairmanRed Rock Resources Plc

Scott Kaintz0207 747 9990 DirectorRed Rock Resources Plc

Roland Cornish/ Rosalind Hill Abrahams0207 628 3396 NOMADBeaumont Cornish Limited

Jason Robertson0129 351 7744 BrokerDowgate Capital Stockbrokers Ltd

This information is provided by RNS
The company news service from the London Stock Exchange
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Red Rock Resources plc

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Red Rock Res. is an exploration gold and iron company based in United kingdom.

Its main exploration property is MIGORI GOLD in Kenya.

Red Rock Res. is listed in Germany and in United Kingdom. Its market capitalisation is GBX 141.0 millions as of today (US$ 163.8 millions, € 149.1 millions).

Its stock quote reached its highest recent level on April 11, 2014 at GBX 9.87, and its lowest recent point on December 25, 2015 at GBX 0.20.

Red Rock Res. has 503 658 124 shares outstanding.

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Corporate news of Red Rock Resources plc
7/28/2016Acquisition of Further Interest in Goldstone
7/28/2016Shoats Creek Update
7/14/2016Audited results for the year ended 31 December 2015
7/14/2016Shoats Creek Operations Update
7/13/2016Annual Results
6/20/2016Second Price Monitoring Extn
6/20/2016Price Monitoring Extension
6/16/2016Directors Dealings
6/14/2016Cancellation and Re-issue of Options
6/8/2016Shoats Creek Update
5/17/2016Holding(s) in Company
5/11/2016Update - Colombia
5/5/2016Transaction completion and operational update
4/29/2016Financing, Directors Dealings and TVR
4/14/2016Director/PDMR Shareholding
4/13/2016Holding(s) in Company
3/24/2016Shoats Creek Update
2/2/2016Infrastructure and production at Shoats Creek
2/1/2016Grant of Options and Directors' Shareholdings
2/1/2016Total Voting Rights
1/29/2016Partial sale of holding, update
1/22/2016Share Incentive Plan and Directors' Dealings
1/2/2016Total Voting Rights
12/30/2015Holding(s) in Company
12/21/2015Result of AGM, Board change Capital reorganisation
12/18/2015Director/PDMR Shareholding
12/16/2015Loan Repayment and Update
12/14/2015Issue of Equity
11/5/2015Update on Star Striker Ltd
10/28/2015Option to Invest in Shoats Creek
10/19/2015Holding(s) in Company
10/9/2015Convertible Note Conversion
10/5/2015Update; Restructuring
9/21/2015Operations Update
9/7/2015Convertible Loan Note
9/2/2015Total Voting Rights
7/27/2015Holding(s) in Company
7/16/2015Holding(s) in Company
7/13/2015Final Tranche of Subscription Shares
7/9/2015Update on Subscription and Directors' Dealings
7/8/2015Investment and Share Subscription
6/30/2015Board Changes
6/30/2015Update on Resource Star Ltd
6/26/2015Option to invest in Elephant Oil Limited
4/23/2015Convertible Note Conversion
4/21/2015Holding(s) in Company
4/14/2015Share Incentive and Directors' Dealings
4/14/2015Attendance at UK Investor Show
4/14/2015Columbian Gold Assets - Sale Agreement
4/7/2015Convertible Note Conversion
4/7/2015Holding(s) in Company
4/7/2015Total Voting Rights
4/7/2015Loan Repayment and Convertible Note Conversion
3/16/2015Director/PDMR Shareholding
3/16/2015Update and Placing
3/16/2015Holding(s) in Company
3/16/2015Convertible Note Conversion and Issue of Equity
1/30/2015Issue of Convertible Loan Note
1/30/2015Ivory Coast and Colombia Update
1/2/2015Total Voting Rights
12/30/2014Result of AGM, Capital Re-organisation
12/30/2014Holding(s) in Company
12/10/2014Issue of Equity and TVR
2/5/2013new website now live
12/6/2011News Release
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