VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 09/27/11 — RockBridge Resources Inc. (“RockBridge” or the “Company”) (TSX VENTURE: RBE) would like to take this opportunity to update its shareholders and stakeholders on its corporate activities.
RockBridge, with the support of Sayer Energy Advisors of Calgary, actively continues its search for merger candidates to increase its enterprise size. We are continuing discussions with several parties that if merged with RockBridge, could significantly increase our production and reserves. The discussions may alternatively lead to an alliance or other combination with an experienced group to better facilitate growth of Company shareholder value.
The process may also include rationalizing non-core oil and gas assets by the sale of some of its current holdings that do not possess the ability to add materially to the growth of production and reserves for the Company. It is anticipated that this overall process including the ongoing search for merger candidates, could take several months.
RockBridge–s President and CEO, Richard Wolfli has resigned his positions with the Company due to pressing personal and family matters. The Company would like to thank Richard for all of his guidance and efforts this year and wishes him all the best for the future. The Company has in the interim, appointed Steve Mathiesen, a director of RockBridge, as the CEO.
The overall short term goal for RockBridge remains the pursuit of a corporate transaction with the potential to materially impact our enterprise and share value over a reasonable time period.
About RockBridge
RockBridge has 35% to 50% working interests in 5 sections in the PembinaCardium field in Alberta. The Company and its partner have identified 15 low risk horizontal drilling locations on the properties. In addition, RockBridge has a 1.0% interest in the expanding Woodrush project in BC and various non-operated interests in Alberta.
ON BEHALF OF THE BOARD, ROCKBRIDGE RESOURCES INC.
Steve Mathiesen, 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 press release.
Contacts:
RockBridge Resources Inc.
Steve Mathiesen
CEO
604-687-4719