Comments
SParikh wrote: This article speaks true to the importance and capitalizing of the cloud. Me having experience dealing with cloud based tech and consulting and integration services, I realize the need for a secure and consistant cloud service. Many people are concerned with the privacy, or lack thereof, that could occur with storing personal documents into a non-physical storage unit. I can see, though with companies such as ours and Metacloud, we are working toward a more secure and easy to use cloud system for both personal and professional use. Spursh Parikh www.sererra.com

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Today's Top SOA Links


RockBridge Reviews Strategic Alternatives and Provides Update

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/08/13 -- RockBridge Resources Inc. ("RockBridge" or the "Company") (TSX VENTURE:RBE) announces that its Board of Directors has commenced a review of strategic alternatives for the Company with the objective of enhancing shareholder value.

Strategic alternatives may include a reorganization of the Company, new management with a material vested interest, new projects or other possible transactions. There is no set timetable for this process and the Company cautions that there can be no assurance that this review will result in any transaction.

In the meantime, RockBridge continues, essentially debt free, with a small income stream from its existing oil and gas projects. The Woodrush oil and gas project in BC consists of 9 wells, which in 2012 averaged more than 380 BOE per day, and with water flooding under way, the operator is targeting production to rise to 700 BOE per day. The Company holds a 1.0% interest in Woodrush, along with a 50% interest in a small producing oil well in the Bantry area of Alberta and interests in other non-operated projects in Alberta.

RockBridge also holds a 50% working interest in the gas project in the Knopcik area of Alberta, with its joint venture partner, Crimson Energy Ltd. holding the other 50% WI. The Knopcik well was completed in the Nikanassin formation in 2006 and a test in early 2012 yielded a flow rate of 600 mcf per day of gas. An evaluation of the reserves conducted in accordance with NI 51-101 Standards determined the gross proven and probable undeveloped reserves to be 970 mmcf of gas. Future plans are to re-stimulate, test and tie in the well when gas prices improve.

ON BEHALF OF THE BOARD

ROCKBRIDGE RESOURCES INC.

Mike O'Byrne, President & CEO

Should you wish to receive Company news via email, please email jeremy@chfir.com and specify "RockBridge Resources" in the subject line.

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.

Reference to BOE means barrels of oil equivalent and is derived by converting gas to oil at the ratio of six thousand cubic feet (mcf) of gas to one barrel (bbl) of oil. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner top and does not represent a value equivalency at the wellhead. References to BOEPD means barrels of oil equivalent per day.

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 news release.

Contacts:
RockBridge Resources Inc.
604-687-4719
info@rockbridgeresources.com
www.rockbridgeresources.com

CHF Investor Relations
Jeremy Hill
Associate Account Manager
416-868-1079 x 238
jeremy@chfir.com

About Marketwire .
Copyright © 2009 Marketwire. All rights reserved. All the news releases provided by Market Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Web 2.0 Latest News
Interview with CEO Brad Bostic - hc1.com is committed to improving the quality of healthcare while reducing costs. We believe a critical ingredient to averting the current healthcare crisis faced by the US can only occur by improving the way healthcare professionals across the continu...
By working with IT across the software development lifecycle via cloud-based DevOps, development teams can decrease software bottlenecks, increase code output and be seen as drivers of the business. I have a confession. I am Shadow IT. I am the guilty party operations and security lo...
n the cloud doesn't matter whether you are running on an Open Source platform or not - it is NOT free because you pay for the service. And for long Open Source project have been funded through the services premiums that you pay. I would argue that Open Source vendors have mastered the ...
There are only two certainties in life – death and taxes, said Benjamin Franklin. What the theorist and founding father clearly meant was: There are only three certainties in life – death and taxes and information security changeability. In the constantly changing dynamic world of ma...
As I started to read this book my plan was to skim through the first 6 chapters and then really dig in starting with chapter 7 App Design. I figured with a year of iOS programming under my belt the first few chapters would just be regurgitating a bunch of stuff I already knew. To some...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021


SYS-CON Featured Whitepapers
ADS BY GOOGLE