Rock Energy Resources, Inc. (OTC QB: RCKE)
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RedChip Companies, Inc.
Rock Energy Resources, Inc. to Host Conference Call on First Quarter Results; Provides Financial Guidance Numbers
5/11/2012 11:13:00 AM
Rock Energy Resources, Inc. (OTCQB: RCKE.PK - News) announced today that the Company will host a conference call for shareholders and interested investors on Tuesday, May 15, 2012 at 3:15 p.m. Central Standard Time to discuss the results of its operations for the first quarter ended March 31, 2012. Management will discuss the Company's going-forward strategy as well as its mining operations at the Red Arrow mine in Mancos, Colorado.
The Company anticipates filing its first quarter 10-Q on Monday May 14, 2012. Included in the first quarter 10-Q filing are management guidance numbers over the coming four quarters. The Company notes that shareholders should see quarter over quarter growth in revenues through at least 2013. Revenue growth is forecast to come from higher milling rates for each quarter increasing from 6 tons per milling day in the second quarter of 2012 to 50 tons per day by the second quarter of 2013. Based on a continuing yield of one ounce of gold per ton, gross revenue is forecast to rise from approximately $1.5 million in the third quarter of 2012 to in excess of $5 million in the second quarter of 2013. The Company anticipates operating cash flow after interest costs is forecast to rise from an approximate breakeven level in the third quarter of 2012 to in excess of $2.5 million by the second quarter of 2013.
Participating on the call from Rock Energy management will be: Rocky Emery, Chairman and CEO; Mark Harrington, Vice Chairman and CFO; and Craig Liukko, President and COO.
Investors wishing to participate in the call may dial toll free to 1-800-434-1335 or direct to 1-404-920-6442, and on either call-in number request conference call 421742#. A replay of the call will also be available on the Company's website at www.americanpatriotgold.com or by dialing toll free to 1-800-977-8002 or direct to 1-404-920-6650, and again requesting conference call 421742#.
CAUTIONARY STATEMENT REGARDING FUTURE RESULTS AND FORWARD-LOOKING STATEMENTS: This Web site and press release contains information, including statements as to the Company's future financial or operating performance, that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements are intended to be covered by the safe harbor created by such sections and other applicable laws. All statements, other than statements of historical fact, are forward-looking statements. The words "believe", "expect", "anticipate", "contemplate", "target", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such forward-looking statements include, without limitation: (i) estimates of future mineral production, results and sales; (ii) estimates of future costs applicable to sales, other expenses and taxes, for specific operations and on a consolidated basis; (iii) estimates of future capital expenditures, construction, production or closure activities; (iv) statements regarding future exploration potential, asset potential, potential resource expansion and targeted production; (v) estimates and expectations regarding reserves, nonreserve mineralization and potential ounces; (vi) statements regarding fluctuations in capital and currency markets; (vii) statements regarding potential cost savings, productivity, operating performance, and cost structure; (viii) expectations regarding the development, growth, mine life, production and costs applicable to sales and exploration potential of the Company's projects; and (ix) expectations regarding the impacts of operating technical or geotechnical issues in connection with the Company's projects or operations. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect. Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of the Company's projects being consistent with current expectations and mine plans; (iii) certain price assumptions for gold, copper and oil; (iv) certain effective tax rate assumptions; (v) prices for key supplies being approximately consistent with current levels; and (vi) the accuracy of our current mineral reserve and mineral resource estimates. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, gold and other metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, political and operational risks in the jurisdiction in which we operate, changes in governmental regulation, including taxation, environmental, permitting and other regulations, and judicial outcomes The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of publication, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
Rock Energy Resources, Inc.
Rocky V Emery, 832-691-7991 or 713-400-3013
Chairman & CEO
Managing Member American Patriot Gold
Disclosure: None of the profiles issued by RedChip Companies, Inc., constitutes a recommendation for any investor to purchase or sell any particular security or that any security is suitable for any investor. Any investor should determine whether a particular security is suitable based on the investor's objectives, other securities holdings, financial situation needs, and tax status. RedChip Companies, Inc., employees and affiliates may maintain positions and buy and sell the securities or options of the issuers mentioned herein. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. Rock Energy Resources, Inc. (“RCKE”) is a client of RedChip Companies, Inc. and of RedChip Visibility, a division of RedChip Companies. RCKE paid RedChip Visibility, a division of RedChip Companies, Inc., $30,000 for twelve (12) months of RedChip Visibility Program services, which included the preparation of the equity research report(s). The equity research report(s) were prepared for informational purposes only and were paid for by the company portrayed in the report. Information contained in the equity research report(s) is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. The equity research report(s) are not a recommendation or a solicitation to purchase or sell any security, nor do they constitute investment advice. RedChip Companies, Inc., is currently engaged by this company to provide investor awareness services. Investor awareness services and programs are designed to help small-cap companies communicate their investment characteristics. RCKE agreed to pay RedChip Companies, Inc., a fee of $10,000 in cash per month and to issue to RedChip Companies, Inc. 275,000 restricted shares of common stock for twelve (12) months of these investor relations services. The shares will become fully vested on October 19, 2012, at which time RCKE has agreed to fully comply with procedures required by its transfer agent to remove the legend from the securities.