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Pressrelease 18/08-2017
Oil wells Leigh-Ann and Hamilton is in production

After more than a year of delays the oil wells Leigh-Ann and Hamilton is finally in production.
Big Rock Energy AB invested in these oil wells in the beginning of 2016. The company has thus taken advantage of the increase of the oil price as well as increased production from the wells Leigh-Ann and Hamilton.

Big Rock Energy AB intends during the end of 2017 or the beginning of 2018 to sell a part of, or the full share of the company’s part in Young County. The company also evaluates investment opportunities in several high-yield projects with a current oil prices of approximately US $ 50.

CEO Carl-Adam Andersson's comment:
"It is gratifying that these two oil wells are finally in production. The company will receive its first revenue from the investment. The company also intend to sell all or part of this project to invest in new projects to make the company grow. "
Big Rock Energy AB is a progressive energy company that is constantly seeking new projects, both nationally and internationally.
 
Contact
E-mail: calle@ulrich-co.se
Phone: +46(0)73 044 40 42
Web: www.bigrockenergy.se


                                                                                                                                                          


Pressrelease 03/10-2016
Big Rock Energy AB apply for exploration permits for oil and gas in Sweden
Big Rock Energy AB has submitted an application for an exploration permit for 559 hectares’ oil & gas north of Falköping to Bergsstaten.

The company has in SGU water-well archives found three wells containing gas. One of these wells has according to SGU pumped gas for 26 hours.

The geology in this area are similar to Falköping # 1 directly south of the applied exploration permit with ordovician limestone and shale that may include commercial quantities of gas and possibly oil. Reports from south of this permit indicates high levels of organic matter and up to 10% oil (oil-cut).

CEO Carl-Adam Andersson comment:
 "When the applied area is granted by Bergsstaten Big Rock Energy AB receives exploration permits containing all water wells containing gas that the company has found. This application also strengthens the Big Rock Energy's position in the oil and gas exploration in Sweden. "

Big Rock Energy AB is a progressive energy company that is constantly looking for new projects both nationally and internationally.


Contact
E-mail: calle@ulrich-co.se
Phone: +46(0)73 044 40 42
Web: www.bigrockenergy.se

                                                                                                                                                          



Pressrelease 15/2-2016
Big Rock Energy AB has completed its first investment in the U.S
During week six there were welcome news for Big Rock Energy AB. The company has received a five percent ownership of three oil wells and one injection well for saltwater in Young County, Texas, United States. These wells are Hamilton # 1, Leigh-Ann # 1 and the Rhodes Trust # 3X.

Regarding the Rhodes Trust, work has begun on replacing the existing pump when it did not have sufficient capacity. It will be replaced with a larger pump with greater capacity. Simultaneously, the work began with saltwater well on the Rhodes Trust which currently has converted an old oil well to a salt water well. Furthermore, the operator assess that both the oil well and the saltwater well will be in production shortly.

These renovations will result in the company's earnings will increase significantly. In addition, new production zones opened in the other wells.
Further holds Big Rock Energy AB also exploration permits in Sweden regarding gas and oil, Falkoping No. 1. According to the SGU reports stated oilcut can be up to 10%. In the area also gas in drinking water has been ignited at the landowner who has shown interest. Using the SGU's well archive, we have found additional water wells that contained gas. The company has also identified a mobile facility that cools the gas to liquid form (LNG/CNG). The exploration permit is 100% owned by Big Rock Energy AB.

CEO Carl-Adam Andersson says the following about the Rhodes Trust # 3X. "This is the first investment in the company. We will continue to take advantage of low oil prices to continue to invest in more oil and gas projects of high quality that can withstand the low oil price. The company is also an exploration permit for gas and oil in Sweden, Falkoping number 1 on 17836 hectares. The company is one of only three companies that have exploration permits in Sweden for oil and gas. Of which we are the only one that focuses on international production and exploration in Sweden ".

Big Rock Energy AB is a progressive energy company that is constantly looking for new projects both nationally and internationally.


Contact
E-mail: calle@ulrich-co.se
Phone: +46(0)73 044 40 42
Web: www.bigrockenergy.se

 
 



 

Big Rock Energy AB
Slottsgatan 14                                                                                                                                                                                                                                                                                
553 22 Jönköping
Organisationsnummer 559025-8090