Georox Announces Commencement of its 9 Well Oil-Targeted Drilling Program

KELOWNA, BC, Dec. 5, 2011 /CNW/ - Georox Resources Inc. ("Georox"or the "Corporation") (GXR: TSX-V; OF6A: FRA) is pleased to announce the commencement of its drilling program that takes place over the next four months as follows:
a) Silverdale Sparky Non Channel Project
The first well has been drilled and cased. The second well is currently being drilled. Two other wells, currently awaiting off target approvals, are expected to be added to the drilling program during December. Northern Blizzard Resources Inc. is the operator and Georox has a 15% working interest in these wells. Seven wells were successfully drilled by the operator during the third quarter, 2011 and are in production at a rate of 55 bopd net to Georox.
b) Silverdale GP Channel Project
The horizontal drilling rig will be moving onto the first drilling location in mid December as part of a four (4) well horizontal drilling program operated by Husky Energy. Georox has a 6.9% working interest in these wells.
c) Northern Alberta Farm-in Project
In January and February 2012, Georox plans to commence a two well drilling program as part of its farm-in obligations in northern Alberta. Georox has a 75% working interest before payout (45% working interest after payout) in both wells and is the operator of the program targeting oil.
About Georox
Georox is a Canadian natural resource company engaged in the acquisition, exploration and development of oil and gas properties in Western Canada. The Common Shares trade on the TSX Venture Exchange under the symbol GXR and on the Frankfurt Stock Exchange under the symbol OF6A.
Cautionary Statement:
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved nor disapproved the information contained herein.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Corporation, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's expectations are exploration risks detailed from time to time in the filings made by the Corporation with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Georox. As a result, we cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and Georox does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
For further information:
Burkhard Franz, President and Chief Executive Officer
Tel: (250) 712-2213
Fax: (250) 712-2215
Website: www.georoxresources.com