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Rockdale Resources Corporation, an Austin, Texas-based oil production, exploration and drilling company, has appointed David N. Baker, the company's current board member, as Chief Executive Officer.
The Company has appointed Marc S. Spezialy, the Company's former Chief Executive Officer, as Chief Operating Officer.
Marc S. Spezialy, the Company's Chief Operating Officer and Chairman of the Board said: "David Baker is an excellent addition to Rockdale's executive team.
David is the ideal CEO and will help the Company with its continuing capital growth and market awareness. His addition to the executive team will allow me to continue to focus on field operations and drilling of additional wells."
David N. Baker commented: "I am very pleased to have the opportunity to join Marc Spezialy and Director, Matt Ferguson and the balance of the team at Rockdale Resources Corp. Marc has done a fantastic job of restructuring the Company over the last 16 months, by severely cutting costs and successfully drilling several oil wells. Marc is key to the Company's continued success and I am pleased to be part of this fast growing Company."
With this press release, the Company is also announcing, that it plans to begin drilling 3 to 4 more oil wells on its existing lease this week.
As the Company has previously announced, it intends to provide regular updates regarding its oil production and looks forward to initiating its investment community visibility program. The Company begins its investment community visibility program with its presentation at the National Investment Banking Association conference, being held at the Roosevelt Hotel on Tuesday, June 17, 2014 in New York City.