Rooster Energy Announces First Quarter 2013 Financial and Operating Results

ROOSTER ENERGY LTD. (the "Company") (www.roosterenergyltd.com) (TSX VENTURE:COQ)
is pleased to announce it has filed on SEDAR (www.sedar.com) its unaudited
interim financial statements, and related Management Discussion and Analysis
("MD&A") for the three months ended March 31, 2013 ("Q1 2013"). Selected
financial and operational information for Q1 2013 and subsequent thereto is
outlined below and should be read in conjunction with the financial statements
and related MD&A.


Q1 2013 HIGHLIGHTS



--  Production Increased 200% Year-Over-Year to 2,690 Boe/day (35% Liquids) 
--  EBITDAX of $7.0 Million vs. ($0.5) Million in Q1 2012 
--  High Bidder on 2 New Lease Blocks In Central Gulf of Mexico Lease Sale 



Robert P. Murphy, Chief Executive Officer and President, comments that "the
Company's Q1 2013 operating results reflect the implementation and execution of
strategic decisions made throughout 2012. Production volumes improved
significantly from year-ago levels due to two acquisitions and four new wells
completed last year. Additionally the Company's acreage position continues to
expand with the award of one new oil and gas lease and the anticipated award of
another lease that the Company was high bidder on at the Central Gulf of Mexico
held in March, 2013.


We recently commenced drilling our High Island Block A-494 #B-4 well located in
210 feet of water in the Gulf of Mexico, offshore the State of Texas. The #B-4
well spud on May 7, 2013, and is expected to reach its target depth in late
June. The Company operates the #B-4 well and currently owns a 50 percent working
interest that will increase to 75% working interest upon successful completion
of the well. We remain excited about the Company's future growth potential and
look forward to growing reserves and production in 2013."




SUMMARY FINANCIAL RESULTS                                                   
                                                                            
                                               For the three months ended   
                                                       March 31,            
                                            --------------------------------
                                                     2013              2012 
                                            --------------    --------------
Sales                                                                       
  Oil (Bbl)                                        74,565            26,279 
  NGL (Bbl)                                         9,876             1,930 
  Natural gas (Mcf)                               946,163           315,513 
  Total (BOE/day) (a)                               2,690               888 
                                                                            
Revenue                                      $ 11,558,554      $  3,757,921 
Total costs and expenses                       11,905,307         5,842,718 
                                            --------------    --------------
Operating income (loss)                          (346,753)       (2,084,797)
  Finance expenses (b)                         (1,218,721)         (211,822)
                                            --------------    --------------
Income (loss) before tax expense               (1,565,474)       (2,296,620)
  Deferred tax recovery                           844,000                 - 
                                            --------------    --------------
Income (loss)                                    (721,474)       (2,296,620)
                                            --------------    --------------
                                            --------------    --------------
                                                                            
Income (loss) per share                                                     
  Basic                                             (0.01)            (0.03)
  Diluted                                           (0.01)            (0.03)
                                                                            
Capital expenditures                         $    242,314 (c)  $ 14,614,619 
                                                                            
EBITDAX (d)                                  $  6,984,221      $   (503,987)
                                                                            
(a) Gas volumes are converted to BOE on the basis of 6 Mcfe per 1 barrel.   
(b) Finance expense includes accretion for asset retirement obligations.    
(c) Certain prior quarter amounts have been reclassified to conform to the  
    September 30, 2012 financial statement presentation.                    
(d) EBITDAX is a non-IFRS measure commonly used in the oil and gas industry.
    Such measures do not conform to IFRS and may not be comparable to those 
    reported by other companies nor should they be viewed as an alternative 
    to other measures of financial performance calculated in accordance with
    IFRS. The company defines EBITDAX as net income before finance expense, 
    taxes, depreciation, amortization, accretion, exploration and           
    evaluation, bad debt, impairments, stock-based compensation, and the    
    non-cash portion of plug and abandonment expense.                       



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 U.S. Gulf of Mexico. At March 31, 2013, the primary
assets consist of interests in 16 producing oil and/or natural gas wells and 17
federal lease blocks. The Company is the operator of the majority of its
properties and daily oil and gas production.


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


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.
Gary Nuschler, Jr.
Vice President - Finance
[phone]


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