Rockdale Resources CEO David Baker Resigns, Zel Khan To Succeed

(RTTNews) - Rockdale Resources Corp. (BBLS) said David Baker has stepped down as Chief Executive Officer and from its board of directors, effective February 28. Leo Womack has been elected to succeed Baker as Chairman of the Board and Zel Khan has been appointed CEO and President of the company.

Khan's appointment was made with the expectation of Rockdale entering into a definitive agreement with Jovian Resources, LLC to acquire a 25 percent Working Interest in an existing operating field Jovian owns in Creek County, Oklahoma in exchange for new securities to be issued by Rockdale.

Khan is an oil field operator with over 20 years of experience in the Oil and Gas industry. He has successfully operated, both on and offshore, in Texas, Oklahoma, New Mexico and California.

He has a reputation for reducing operating costs on various projects, including a former ConocoPhillips offshore facility located in deep water Gulf of Mexico.

"Our job now is to maximize production with an operating system that maintains low lift costs, thus creating value for our shareholders despite the suppressed oil price. We have a good pulse on the properties and have a program in place to increase cashflow," said Khan.