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rockdale resources corp (BBLS) Snapshot

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52 Week High
03/4/14 - $0.50
52 Week Low
12/4/14 - $0.05
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Average Volume 10 Days
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rockdale resources corp (BBLS) Details

Rockdale Resources Corporation is engaged in the exploration, development, and production of oil and gas properties. It holds a 100% working interest in Minerva-Rockdale Field comprising 623 acres located in Rockdale, Texas. The company was formerly known as Art Design, Inc. and changed its name to Rockdale Resources Corporation in May 2012. Rockdale Resources Corporation was incorporated in 2002 and is based in Austin, Texas.

2 Employees
Last Reported Date: 03/31/14
Founded in 2002

rockdale resources corp (BBLS) Top Compensated Officers

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rockdale resources corp (BBLS) Key Developments

Rockdale Resources Announces Changes to the Board Composition

Rockdale Resources Corporation announced operational and organizational changes. These changes are designed to complement the company's new growth strategy and its reduction in corporate operating costs. The company's composition of the company's board of directors has now changed, with the board accepting the resignation of Mr. Matt Ferguson as a Director and simultaneously electing Mr. Lee H. Lytton of San Antonio Texas to replace him. Mr. Lytton currently is a tenured professor at St. Mary's Law School in San Antonio where he has taught Oil and Gas Law as well as Texas Land and Title courses for the last 26 years. Prior to that Mr. Lytton was a founding partner in a South Texas Oil and Gas Operating Company for 10 years after leaving the FBI as a special agent. Mr. Lytton was admitted to the Texas Bar and practiced law as an Assistant District Attorney early in his career. Mr. Lytton serves on the board of the South Texans' Property Rights Association as a result of his family's historical standing as a prominent South Texas ranching family. The Board also elected Mr. Lytton to serve as the Corporate Secretary for the Company beginning immediately for a term of one year.

Rockdale Resources Mulls Acquisitions

Rockdale Resources Corporation (OTCBB:BBLS) is looking for acquisitions. Chief Executive Officer of Rockdale Resources, David N. Baker said, “We believe the operational changes the Board has implemented should allow the Company to achieve positive cash flow in the coming quarters as well as position the Company to take advantage of opportunities to acquire additional production on attractive terms. We are aggressively seeking to grow organically through increasing our production of existing wells and drilling and completing new wells on our lease over the next several months; as well as seeking existing oil production assets to acquire.”

Rockdale Resources Corporation Announces Resignation of Marc Spezialy as Director

Rockdale Resources Corporation announced that Marc Spezialy submitted a notice of resignation as a director and from all offices with the company. His resignation shall be effective September 30, 2014. There was no known disagreement with Mr. Spezialy on any matter relating to the company's operations, policies or practices.


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