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Deep Rock Hits Gas in First of Four Wells

Private Equity Fund Of Funds By Armando Duke

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Curve Equity Exposed Fund (AXcess News) Houston, TX - Tulsa, Oklahoma-based Deep Rock Oil & Gas, Inc. (OTC: DPRK) said Friday that it completed the first of four natural gas wells in Washington County, OK, reporting a 1 million feet per day flow rate on the Eppler no. 4 well.

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Equity Income Funds Deep Rock owns a 20% working interest in this initial well and intends to drill a second developmental well immediately.

is wholly owned by Dimensional Associates, Inc., the private equity arm of JDS Capital Management, Inc.

Capital Casebook Equity The companyalso entered into a joint venture with Dallas-based Apollo Resource International (OTCBB: AOOR) on December 6, 2005 to develop a 45-mile gas pipeline that will connect into Washington Gathering Systems who will operate the pipeline. Deep Rock will own a 49.5% revenue interest in the transportation fees charged for all gas which flows through.

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Private Investment In Public The pipeline opens up an untapped area of for natural gas exploration and development in Northern Oklahoma. No estimate of the cost for Deep Rock's share of the cost for the pipeline was given.

Viridian, the holding company for Northern Ireland's electricity, is in talks over a .62billion bid by Bahraini private equity firm Arcapita Bank.

Equity Mutual Funds Little-known Deep Rock has managed to raise $1 million in the fourth quarter, according to a press release the company let out October 7, 2005. Deep Rock's chief executive Robert Garner was quoted as saying, "The receipt of the $400,000 gives the Company a significant cash infusion to further its efforts to increase the oil and gas production of our current wells and start to focus on our best alternatives for new drilling. The Company now has $1,000,000 in cash resources allowing us to move more expeditiously in our expansion plans."

Birmingham Contact Equity Shares of the junior oil and gas company closed Friday at $0.55, up 3 cents, or 5.7%, on heavy trading volume.

Private Equity Investment Firm Shares of Apollo Resource closed at $0.275, up .005 cents, or 1.85%, on trading volume of 320,052 shares. Apollo's 90-day daily trading average was reported to be 530,678 shares.

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