Rock Energy Inc. Announces Operations Update for Q3 2013

Rock Energy Inc. Announces Operations Update for Q3 2013 
CALGARY, ALBERTA -- (Marketwired) -- 10/15/13 -- Rock Energy Inc.
(TSX:RE) ("Rock" or the "Company") is pleased to report its operating
results for the three months ended September 30, 2013. Rock is a
Calgary-based crude oil exploration, development and production
Production and Operations 
During Q3 2013 Rock's daily sales averaged approximately 3,850 boepd
(92% oil & liquids), and the Company is currently producing over
4,000 boepd (approximately 90% oil & liquids). Production for the
quarter has exceeded management's forecast estimate of approximately
3,500 boepd, primarily due to Rock's continuing success in its heavy
oil pool at Mantario, which is currently producing over 2,700 bbls/d.
During the quarter Rock drilled a total of eleven (11.0 net) oil
wells. Seven (7.0 net) vertical wells were drilled in further
delineating the pool at Mantario. At Onward, one (1.0 net) vertical
well was drilled in conjunction with the water flood project, one
(1.0 net) exploration well was successful in penetrating a new
Lloydminster heavy oil pool and two (2.0 net) horizontal wells were
drilled to test the light oil productivity of the Viking Formation. 
Viking Light Oil Resource Play at Onward 
Rock has assembled over 37 net sections of Viking rights in the
Onward area, which surround our existing Lloydminster Formation water
flood project. This largely contiguous acreage is approximately 2
miles north of the Kerrobert Viking oil pool and adjacent to
multi-frac horizontal wells that were recently drilled by two
industry competitors. Rock has assembled exploratory data from
vertical Viking completions on its acreage, including positive
production tests in three completions, and confirmed the existence of
light oil in the Viking on our lands. During August and September,
the Company successfully drilled and multi-stage fracture stimulated
two Viking horizontal wells which have been on production for 15 days
with production rates averaging approximately 40 bbls/d of 37 degree
API oil. While these wells have not experienced any pressure declines
and are still producing back some completion fluids (approximately
20-30% water cut with the oil), the initial production results are
meeting management's expectations. Rock believes these positive
production tests, though not necessarily indicative of long term
performance or ultimate recovery, confirm that the Viking light oil
trend extends onto Rock's acreage at Onward. The Company plans to
continue to delineate the pool to determine the full potential of
this light oil resource play. 
During 2013, Rock has been able to deliver significant operational
and exploration success in its core areas of operation. For the
remainder of the year, operational activities for Rock will include
continuing the delineation and de-risking of its new Viking light oil
resource play at Onward, and at Mantario the Company will drill its
first two horizontal wells and 2-4 vertical step-out locations. 
Advisory Regarding Forward-Looking Information and Statements 
This press release contains forward-looking statements and
forward-looking information within the meaning of applicable
securities laws. The use of any of the words "will", "expects",
"believe", "plans", "potential" and similar expressions are intended
to identify forward-looking statements or information. More
particularly and without limitation, this press release contains
forward looking statements and information concerning Rock's
expectation of average production, including average production
sales, and future drilling and development under its capital program. 
The forward-looking statements and information in this press release
are based on certain key expectations and assumptions made by Rock,
including prevailing commodity prices and exchange rates; applicable
royalty rates and tax laws; future well production rates; the
performance of existing wells; the success obtained in drilling new
wells; the sufficiency of budgeted capital expenditures in carrying
out planned activities; the availability and cost of labour and
services; and the receipt, in a timely manner, of regulatory and
other required approvals. Although Rock believes that the
expectations and assumptions on which such forward-looking statements
and information are based are reasonable, undue reliance should not
be placed on the forward-looking statements and information because
Rock can give no assurance that they will prove to be correct. There
is no certainty that Rock will achieve commercially viable production
from its undeveloped lands and prospects. 
Since forward-looking statements and information address future
events and conditions, by their very nature they involve inherent
risks and uncertainties. Actual results could differ materially from
those currently anticipated due to a number of factors and risks.
These include, but are not limited to, the risks associated with the
oil and natural gas industry in general, such as: operational risks
in development, exploration and production; delays or changes in
plans with respect to exploration or development projects or capital
expenditures; the uncertainty of reserve estimates; the uncertainty
of estimates and projections relating to reserves, production, costs
and expenses; health, safety and environmental risks; commodity price
and exchange rate fluctuations; marketing and transportation of
petroleum and natural gas and loss of markets; environmental risks;
competition; incorrect assessment of the value of acquisitions;
failure to realize the anticipated benefits of acquisitions; ability
to access sufficient capital from internal and external sources;
stock market volatility; and changes in legislation, including but
not limited to tax laws, royalty rates and environmental regulations. 
In this press release, the Corporation has adopted a standard for
converting thousands of cubic feet ("mcf") of natural gas to barrels
of oil equivalent ("boe") of 6 mcf : 1 boe. Use of boes may be
misleading, particularly if used in isolation. The boe rate is based
on an energy equivalent conversion method primarily applicable at the
burner tip and does not represent a value equivalency at the
wellhead. Given that the value ratio based on the current price of
crude oil as compared to natural gas is significantly different than
the energy equivalent of the 6:1 conversion ratio, utilizing the 6:1
conversion ratio may be misleading as an indication of value. 
Readers are cautioned that the foregoing list of factors is not
exhaustive. Additional information on these and other factors that
could affect the operations or financial results of Rock are included
in reports on file with applicable securities regulatory authorities
and may be accessed through the SEDAR website ( The
forward-looking statements and information contained in this press
release are made as of the date hereof and Rock undertakes no
obligation to update publicly or revise any forward-looking
statements or information, whether as a result of new information,
future events or otherwise, unless so required by applicable
securities laws. 
For further information please visit Rock's website at
Rock Energy Inc.
Allen J. Bey
President and Chief Executive Officer
Rock Energy Inc.
Todd Hirtle
Vice President, Finance and Chief Financial Officer
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