CALGARY, ALBERTA -- (Marketwire) -- 07/26/11 -- RockBridge Resources Inc. (RockBridge) (TSX VENTURE: RBE) is pleased to announce that it has engaged Sayer Energy Advisors ("Sayer") of Calgary, Alberta. Sayer will assist RockBridge with achieving our stated goals, as put forth in our June 22, 2011 news release.
Sayer will support RockBridge in negotiations with merger candidates and will identify added companies that would significantly add to RockBridge's enterprise size, scope, and opportunities. RockBridge has had discussions with numerous private companies that if merged with RockBridge could considerably increase our production, reserves, and growth potential. Clearly finding an accretive and affable merger opportunity is complex and one that the Company may not ultimately realize successfully.
RockBridge's CEO and President, Richard Wolfli, stated: "We continue to progress in executing on our three pronged approach. By engaging Sayer Energy Advisors we greatly move forward our objective of pursuing a corporate level transaction to materially impact our enterprise value."
In addition, RockBridge has extended a series of convertible debentures bearing interest at 12% per annum that were due on June 30, 2011, to June 30, 2012. The debenture agreements have been amended allowing the debenture holders to exchange the principal sum or any part thereof into common shares at any time up to June 30, 2012 at a price of $0.12 per common share.
RockBridge has 35% to 50% working interests in 5 sections in the Pembina Cardium field in Alberta. The Company and its partner have identified 22 low risk horizontal drilling locations on the properties. In addition, RockBridge has a 1.0% interest in the expanding Woodrush project and various non-operated interests in Alberta and British Columbia.
About Sayer Energy Advisors ()
Founded in 1987, Sayer has established a reputation as the leading source for independent advisory services and analysis of merger and acquisition activity in the Canadian oil and natural gas industry.
ON BEHALF OF THE BOARD
ROCKBRIDGE RESOURCES INC.
Richard Wolfli, President and 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.
RockBridge Resources Inc.
Firma: RockBridge Resources Inc.
Ansprechpartner: Stadt: CALGARY, ALBERTA
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