HOUSTON, July 10, 2014 /PRNewswire/ -- Caprock Oil,
Inc. (OTC: ROKO.OB) has announced the completion of the Heins #4H
well in the Bloomington Field in Victoria
County, Texas. The Bloomington Field is a normally
pressured water drive field in the Frio oil trend in Victoria County that was initially discovered
in 1947. Caprock has a 10 percent non-operated working
interest in a horizontal redevelopment project which encompasses
about 300 gross acres in the field. The Heins #4H well
follows the Heins #2H well, which was completed in August 2013 and is currently producing
approximately 100 barrels of oil per day from the same sand.
The Heins #4H well has been "swab" tested and surface equipment is
presently being installed. The well is expected to go on
production by the end of July.
Additionally, Caprock has
announced that drilling of the Templet #1 well in the Napoleonville
Field in Assumption Parish,
Louisiana, is expected to begin on or about July 23, 2014. The Napoleonville Field is a
piercement salt dome located in Assumption Parish that was initially
discovered in the late 1940s. Caprock has a 5 percent non-operated working
interest in the proposed directional well which is designed to test
the Cris R IV sand at approximately 12,722 feet.
About Caprock Oil, Inc.
Caprock Oil, Inc. is an energy holding company headquartered in
Houston, Texas. Caprock is
focused on growing its onshore oil and natural gas exploration and
production activities through a balanced risk management strategy
that includes acquisitions, exploitation and exploration. The
company's properties are located in onshore Texas, Louisiana and Alabama.
Contact:
Caprock Oil, Inc.
D. Hughes Watler, Jr., CFO
713-479-7050
hwatler@caprockoil.com
www.caprockoil.com
Media Contact:
Pamela A. Schied
713-416-4410
pam@thinkforesight.com
Statements contained in this press release with respect to the
future are forward-looking statements. These statements
reflect management's reasonable judgment with respect to future
events. Forward-looking statements involve risks and
uncertainties. Actual results could differ materially from
those anticipated as a result of various factors, including
cyclical or other downturns in demand, significant pricing
competition, unanticipated additions to industry capacity, and the
timing and number of additional acquisitions made by Caprock. Forward-looking statements are based
on currently available information, and we assume no obligation to
update any such statements. Please refer to Caprock's annual report on Form 10-K for the
year ended December 31, 2013 filed
with the Securities and Exchange Commission.
SOURCE Caprock Oil, Inc