Rock Ridge Resources, Inc. (RRRI)

[dancewithbulls]

"The second property is in a prolific producing region of the Western Appalachian Basin and has the potential to produce from multiple formations including the Huron Shale. This property was developed by a new subsidiary of a very large company as a diversification from their primary business of mobile application software. The company has drilled 300 gas wells and they are awaiting completion and hook-up for production. There are also 75 oil wells, of which 25 are producing and cash flowing, that offer a workover upside opportunity. The property was divested so that they could return to its core business in 2011. In addition to the oil and gas wells, there is 50% ownership of a six-inch, 115 mile gas distribution pipeline. The pipeline assets will provide significant value by allowing Green Star to participate in the value of neighboring development by other operators".