HOUSTON, TX -- (Marketwired) -- 06/18/15 -- Rockdale Resources Corporation (OTCQB: BBLS), ("Rockdale" or "Company") is pleased to announce the appointment of Joel Oppenheim to its board of directors. Since 1991, Mr. Oppenheim has owned and operated the Oppenheim Group. He has represented multiple Fortune 10 and Fortune 100 Companies on their commercial real estate needs throughout the United States. Since 2014, he began concentrating on the Oppenheim Group's investment portfolio including several successful oil and gas investments both in Texas and California. Mr. Oppenheim is a licensed Commercial Real Estate Broker in Texas and attended the Bernard Baruch School of Business in New York City. Mr. Oppenheim is an active member of the Houston Angel Network since 2009. He has successfully started and sold numerous businesses throughout his career.
"I look forward to working with Joel," said Mr. Leo Womack, Chairman of Rockdale. "With his many years of development experience and his entrepreneurial spirit, I feel that Joel will bring a wealth of knowledge and experience to our board."
About Rockdale Resources Corporation
Rockdale Resources Corporation is a domestic oil exploration and production company, which focuses on new oil wells in established areas of oil production using state-of-the-art technology to maximize production and identify areas with the greatest potential. The Company's area of operations is in the Minerva-Rockdale Field near Rockdale, Texas, which has produced over 7 million barrels of oil since its first wells were established in 1921. Rockdale Resources Corporation's corporate offices are located in Houston, Texas.
Forward-looking Statements
Certain information in this press release constitutes forward-looking statements within the meaning of applicable securities laws, including, but not limited to, statements regarding well production, use of proceeds, future drilling, operating expenses, and additional funding. Any statement that does not contain a historical fact may be deemed to be a forward-looking statement. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential," or "continue," the negative of such terms, or other comparable terminology, although not all forward-looking statements contain such identifying words. Forward-looking statements are only predictions based on current expectations and projections about future events.
Forward-looking statements are subject to a number of assumptions, risks, and uncertainties, many of which are beyond the Company's control, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Such assumptions, risks, and uncertainties include, among others, those associated with the entry into a definitive purchase agreement with SPL, the cost of the acquisition and Rockdale's ability to fund the transaction and other related costs; the failure to consummate or delays in consummating the proposed transaction; the timing to consummate the proposed transaction; the risk that a condition to closing of the proposed transaction may not be satisfied; the risk that a regulatory approval that may be required for the proposed transaction is delayed, is not obtained, or is obtained subject to conditions that are not anticipated; Rockdale's ability to achieve the synergies and value creation contemplated by the proposed transaction; the ability of Rockdale to effectively integrate the assets acquired; the diversion of management time on transaction-related issues; exploration activities; oil and gas production; marketing and transportation; costs of operations; loss of markets; volatility of oil and gas prices; imprecision of reserve and future production estimates; environmental risks; competition; inability to access sufficient capital from internal and external sources; general economic conditions; litigation; and changes in regulation and legislation. Readers are cautioned that the foregoing list is not exhaustive. In addition to the above, there are important factors that could cause actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including the risk factors set forth in Rockdale's most recent reports on Form 10-K, Form 10-Q and other documents on file with the Securities and Exchange Commission ("SEC"). Rockdale's forward-looking statements are based on assumptions that Rockdale believes to be reasonable but that may not prove to be accurate. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.
Additional information on these and other factors that could affect Rockdale's ability to complete the proposed transaction, the outcome of such transaction, Rockdale's operations and financial results is available by contacting Rockdale or reviewing Rockdale's SEC filings at www.sec.gov. Furthermore, the forward-looking statements contained in this press release are made as of the date of this press release, and Rockdale does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by applicable law.
Contact:
Leo Womack
Rockdale Resources Corporation
512-537-2257.
info@rockdaleresources.com
Source: Rockdale Resources Corporation