Drilling campaign on schedule

As a continuation of its Drews Landing drilling campaign, Rocksource ASA Group (“Rocksource” or “Company”) is pleased to announce the completion of the State of Texas #3 well. The well was drilled as a production well on the east side of the Drews Landing south fault block. The well reached total depth/TD (11,777 ft) on the 24th of May 2007 without HSE incidents. Subsequent wireline logging indicated the presence of hydrocarbons. The well is now being prepared for completion. Following further testing it will be producing gas to sales as soon as possible after Rocksource has received formal approval from the Railroad Commission of Texas (“RRC”).