Rooster Energy Ltd. Announces Drilling Results

ROOSTER ENERGY LTD. (the "Company") (www.roosterenergyltd.com) (TSX VENTURE:COQ)
announced today that its South Timbalier Block 198 #A-7 ST#1 well achieved its
target depth of 13,869' MD/12,372' TVD. While the well encountered the expected
reservoir as projected, it was determined that the well was non-commercial. As a
result, the well will be plugged and abandoned. The Company owns a 100% working
interest in the well and expects to incur an expense of approximately US$5.5
Million related to the drilling of the well.


As a result of drilling the unsuccessful development well at South Timbalier
Block 198, the Company's estimated 2013 operating guidance is listed below: 




                                                                            
Operating Metrics                                  Barrels of Oil Equivalent
----------------------------------------------------------------------------
Production (35% liquids)                                1,000,000- 1,100,000
Operating Expense                                 $             10.00-$12.00
Depreciation, Depletion & Amortization Expense    $              9.00-$11.00
General & Administrative Expense                  $               3.50-$4.50



Robert P. Murphy, President & Chief Executive Officer, commented that "the
results at South Timbalier Block 198 were disappointing, however we are looking
forward to growing our reserve and production base through our 2013 drilling
program."


ABOUT ROOSTER ENERGY LTD.

The Company is a Houston, Texas based independent oil and natural gas
exploration and production company focused on the development of resources in
the shallow waters of the Gulf of Mexico. At September 30, 2012, our primary
assets consist of interests in twenty-five producing oil and/or natural gas
wells and seventeen federal lease blocks. We are the operator of the majority of
our properties and daily oil and gas production.


Investors are welcome to visit our website at www.roosterenergyltd.com or
contact the person below for all corporate updates and investor inquiries.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the Companies securities in the United States. The Companies
securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "US Securities Act) or any state
securities laws and may not be offered or sold within the United States or to
U.S. persons unless registered under the U.S. Securities Act and applicable
state securities laws or an exemption from such registration is available.


Forward Looking Information and Statements

Certain statements and information in this press release may constitute
"forward-looking information" or statements as such terms are used in applicable
Canadian securities laws. Any statement that expresses, involves or includes
expectations of future operations (including drill rig commitments and use of
proceeds), commerciality of any hydrocarbon discovered, production rates,
operating costs, commodity prices, administrative costs, commodity price risk
and other components of cash flow and earnings, management activity,
acquisitions and dispositions, capital spending, access to credit facilities
taxes, regulatory changes, projections, objective, assumptions or future events
that are not statements of historical fact should be viewed as "forward-looking
statements". Events or circumstances may cause actual results to differ
materially from those predicted, a result of numerous known and unknown risks,
uncertainties, and other factors, many of which are beyond the control of the
Company. These risks include, but are not limited to, the risks associated with
the oil and gas industry, commodity prices, and exchange rate changes. Industry
related risks could include, but are not limited to, operational risks in
exploration, development and production, delays or changes in plans, risks
associated with the uncertainty of reserve estimates, or reservoir performance,
health and safety risks and the uncertainty of estimates and projections of
production, costs and expenses. The reader is cautioned not to place undue
reliance on any forward-looking statement in this press release. The Company
disclaims any intention or obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or otherwise,
except as required by applicable law.


Financial outlook information contained in this press release about the
Company's prospective cash flows and financial position is based on assumptions
about future events, including economic conditions and proposed courses of
action, based on management's assessment of the relevant information currently
available. Readers are cautioned that any such financial outlook information
contained herein should not be used for purposes other than for which it is
disclosed herein.


Note Regarding BOEs

The term barrel of oil equivalent ("boe") may be misleading, particularly if
used in isolation. A conversion ratio for gas of 6 mcf/1 boe is based on an
energy equivalency conversion method primarily applicable at the burner tip and
does not represent a value equivalency at the wellhead. Given that the value
ratio based on the current price of crude oil as compared to natural gas is
significantly equivalency conversion ratio of 6:1, utilizing a conversion on a
6:1 basis is misleading as an indication of value.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Rooster Energy Ltd.
Jodi Helmer
Investor Relations
[phone]


Rooster Energy Ltd.
16285 Park Ten Place, Suite 120
Houston, Texas USA 77084
www.roosterenergyltd.com