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     1247  0 Kommentare Rockdale Resources Announces a Change in Executive Leadership to Enhance Production and Profitability

    HOUSTON, TX--(Marketwired - March 07, 2015) - Rockdale Resources Corporation (OTCQB: BBLS) (the "Rockdale") today announced that David N. Baker has stepped down as Chief Executive Officer and from our board of directors, effective February 28. As a result, Leo Womack has been elected to succeed Mr. Baker as Chairman of the Board and Zel C. Khan appointed CEO and President of the Company. Mr. Khan's appointment was made with the expectation of Rockdale entering into a definitive agreement with Jovian Resources, LLC ("Jovian") to acquire a 25% Working Interest in an existing operating field Jovian owns in Creek County, Oklahoma in exchange for new securities to be issued by Rockdale.

    "Our job now is to maximize production with an operating system that maintains low lift costs, thus creating value for our shareholders despite the suppressed oil price. We have a good pulse on the properties and have a program in place to increase cashflow," said Mr. Khan.

    Mr. Khan is an oil field operator with over 20 years of experience in the Oil and Gas industry. He has successfully operated, both on and offshore, in Texas, Oklahoma, New Mexico and California. He has established a reputation for reducing operating costs on various projects, including a former ConocoPhillips offshore facility located in deep water Gulf of Mexico. Mr. Khan holds an MBA from Chapman University, California.

    About Jovian Resources, LLC

    Jovian Resources, LLC, is a private oil re-exploration and production company. The Company focuses on existing oil wells in established areas of oil production, while implementing new techniques to maximize the production of existing reservoirs at low lift costs.

    About Rockdale Resources Corporation

    Rockdale Resources Corporation is a domestic oil exploration and production company. The Company focuses on new oil wells in established areas of oil production. The Company uses state of the art technology to maximize production and to identify areas with the greatest potential. The Company's core area of operations have been 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. The Company's corporate offices are located in Houston, Texas.

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    Verfasst von Marketwired
    Rockdale Resources Announces a Change in Executive Leadership to Enhance Production and Profitability HOUSTON, TX--(Marketwired - March 07, 2015) - Rockdale Resources Corporation (OTCQB: BBLS) (the "Rockdale") today announced that David N. Baker has stepped down as Chief Executive Officer and from our board of directors, effective February 28. As a …