Rockdale Resources Corporation announced the successful drilling of three new oil wells on the Company's existing 623 acre lease in the Minerva-Rockdale Field; located approximately 50 miles northeast of Austin.
The Company has recently raised new equity capital in connection with its previously announced private placement of the company's common stock. Some of the uses of proceeds from this equity financing were utilized for this immediate drilling of additional oil wells on the Company's current lease.
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Rockdale Resources Corporation
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