Rocksource Strengthens Management

Rocksource has strengthened its management team with the appointment of two new industry professionals, Chris Spencer and Per Anders Muri. Mr. Spencer will take on the position as VP Commercial and Engineering, while Per Anders Muri has been appointed VP Corporate Communications.

Chris Spencer has over twenty years of industry experience with Shell and BP. In this time, he has held positions in engineering, commercial and business development. He has broad international experience, having worked on oil and gas projects and opportunities in the U.K., Norway, Netherlands, Australia, India and Indonesia. He is a chartered engineer through the Institute of Chemical Engineers (U.K.).

Per Anders Muri was previously head of IR and Communications with oil company Revus Energy (now Wintershall Norway). Per Anders has extensive experience as a communications adviser, among others with Axxept and Burson-Marsteller. His background includes several years of media experience, as a journalist and senior editor with Reuters and he has worked as a stock broker and equity analyst with Handelsbanken Capital Markets.

"I am delighted to welcome these experienced professionals into Rocksource's management team. These new arrivals will complement our existing team and both Chris and Per Anders will play key roles as Rocksource now moves into a new and exciting phase in the company's evolution," stated Trygve Pedersen, CEO of Rocksource.

Rocksource will embark on its offshore exploration drilling campaign in Q1 2011. The company has announced four firm wells for 2011 and is working to further increase the number of wells in its upcoming drilling campaign.