Rooster Energy Ltd. announced 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 $5.5 million related to the drilling of the well.

The company provided operating guidance for 2013. The company expects production (35% liquids) to be between 1,000,000- 1,100,000 barrels of oil equivalent and depreciation, depletion & amortization expense to be between $9.00-$11.00.