Table of Contents Table of Contents 2 List of Tables 4 List of Figures 5 Company Snapshot 7 Key Information 7 Company Overview 7 Rock Energy Inc., Valuation and Financial Data 8 Rock Energy Inc., Share Price Performance 8 Share Price Performance, Q1, 2015-Q1, 2016 8 Rock Energy Inc., Key Valuation Metrics 9 Key Valuation Metrics, Q1, 2015-Q1, 2016 9 Rock Energy Inc., Quarterly Results of Oil & Gas Operations Per boe Produced 10 Results of Oil & Gas Operations Per boe Produced, Q1, 2015-Q1, 2016 10 Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2015-Q1, 2016 11 Rock Energy Inc., Quarterly E&P Costs Trends 12 Upstream Capital Expenditure, Q1, 2015-Q1, 2016 12 Rock Energy Inc., Quarterly Production Trends 13 Rock Energy Inc., Total Oil and Gas Production 13 Total Crude Oil and Natural Gas Production Trend, Q1, 2015-Q1, 2016 13 Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 14 Rock Energy Inc., Crude Oil Production 15 Total Crude Oil Production Trend, Q1, 2015-Q1, 2016 15 Crude Oil Production, By Country/Region, Q1, 2015-Q1, 2016 16 Rock Energy Inc., Natural Gas Production 17 Total Natural Gas Production Trend, Q1, 2015-Q1, 2016 17 Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 18 Rock Energy Inc., Valuation and Financial Data, 2011-2015 19 Rock Energy Inc., Share Price Performance, 2011-2015 19 Share Price Performance, 2011-2015 19 Key Valuation Metrics, 2011-2015 20 Rock Energy Inc., Production and Reserves Trends 21 Total Oil and Gas, Reserves and Production 21 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 21 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 23 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 25 Crude Oil/Liquids Production and Reserve 26 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 26 Crude Oil Production and Reserves By Country/Region, 2011-2015 27 Crude Oil/Liquids Reserve Changes, 2011-2015 29 Natural Gas Production and Reserve 30 Natural Gas Production and Reserve Trend, 2011-2015 30 Natural Gas Production and Reserves, By Country/Region, 2011-2015 31 Natural Gas Reserve Changes, 2011-2015 33 Total Crude Oil and Natural Gas Reserves Life Index 34 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 34 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 35 Rock Energy Inc., E&P Costs Trends 37 Allocation of the Upstream Capital Expenditure 37 Upstream Capital Expenditure, 2011-2015 37 Acquisition Costs By Country/Region, 2011-2015 38 Exploration and Development Costs, By Country/Region, 2011-2015 40 Oil and Gas Cost Per boe, US$/boe 42 Oil and Gas Cost Per boe, US$/boe, 2011-2015 42 Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 44 Rock Energy Inc., Reserve Replacement Ratio 46 Oil and Gas Production Replacement Ratio 46 Oil and Gas Production Replacement Ratio, 2011-2015 46 Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 48 Rock Energy Inc., Results of Oil & Gas Operations Trend 52 Oil and Gas Revenue and Expenses 52 Oil and Gas Revenue and Expenses, 2011-2015 52 Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 53 Oil and Gas Revenue and Expenses, Per boe 58 Oil and Gas Revenue and Expenses, By boe, 2011-2015 58 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 59 Oil and Gas Performance Metrics 63 Rock Energy Inc., Land Holdings and Well Data 64 Developed and Undeveloped Acreage 64 Gross and Net Developed and Undeveloped Acreage, 2011-2015 64 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 65 Well Statistics 67 Producible Oil and Gas Well, 2011-2015 67 Producible Oil and Gas Well, By Country/Region, 2011-2015 68 Exploration and Development Wells Drilled, 2011-2015 72 Recent Developments 73 Rock Energy Inc. - Recent Developments 73 May 11, 2016: Rock Energy Reports Q1 2016 Results 73 Mar 29, 2016: Rock Energy Reports 2015 Results 75 Feb 02, 2016: Rock Energy Announces Year End 2015 Reserves Replacing Over 400% Of Its Production During The Year, And Growing Total Proven Plus Probable Reserves By 37% 78 Jan 27, 2016: Rock Energy Provides Update On Credit Facilities 80 Dec 14, 2015: Rock Energy Announces A 38% Increase In Total Proven Plus Probable Reserves As Of November 30, 2015; Replacing 439% Of Its Production During The Period 80 Nov 12, 2015: Rock Energy Reports Q3 2015 Results, Positive EOR Response At Laporte And Preliminary Guidance For 2016 82 Aug 12, 2015: Rock Energy Reports Q2 2015 Results And Positive Results At Its Mantario/Laporte EOR Project 85 May 12, 2015: Rock Energy Reports Q1 2015 Results And Plans Capital Spending Increase In The Second Half Of The Year 88 Mar 19, 2015: Rock Energy Reports 2014 Results, Updates First Quarter Operations And Announces Commencement Of Polymer Injection At Mantario/Laporte 91 Jan 26, 2015: Rock Energy Provides 2014 Operations Update And Revised 2015 Guidance 96 Appendix 98 Methodology 98 Coverage 98 Secondary Research 98 Primary Research 98 Data Information Sources 99 Company Source 99 SEC/Other Regulatory Filings 99 Other Sources 99 Expert Panel Validation 99 Data Definition 99 Oil and Gas Reserves 99 Units of Measure 100 About GlobalData 100 Disclosure 100 Disclaimer 100

List of Tables Table 1: Rock Energy Inc., Key Facts 7 Table 2: Rock Energy Inc., Share Price Performance, Q1, 2015-Q1, 2016 8 Table 3: Rock Energy Inc., Key Valuation Metrics, Q1, 2015-Q1, 2016 9 Table 4: Rock Energy Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 10 Table 5: Rock Energy Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2015-Q1, 2016 11 Table 6: Rock Energy Inc., Upstream Capital Expenditure, Q1, 2015-Q1, 2016 12 Table 7: Rock Energy Inc., Total Crude Oil and Natural Gas, Production, Q1, 2015-Q1, 2016 13 Table 8: Rock Energy Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 14 Table 9: Rock Energy Inc., Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 15 Table 10: Rock Energy Inc., Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 16 Table 11: Rock Energy Inc., Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 17 Table 12: Rock Energy Inc., Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 18 Table 13: Rock Energy Inc., Share Price Performance, 2011-2015 19 Table 14: Rock Energy Inc., Key Valuation Metrics, 2011-2015 20 Table 15: Rock Energy Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22 Table 16: Rock Energy Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 24 Table 17: Rock Energy Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 25 Table 18: Rock Energy Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 26 Table 19: Rock Energy Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 28 Table 20: Rock Energy Inc., Crude Oil Reserve Changes, mmbbl, 2011-2015 29 Table 21: Rock Energy Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 30 Table 22: Rock Energy Inc., Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 32 Table 23: Rock Energy Inc., Natural Gas Reserve Changes, bcf, 2011-2015 33 Table 24: Rock Energy Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 34 Table 25: Rock Energy Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 36 Table 26: Rock Energy Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 37 Table 27: Rock Energy Inc., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39 Table 28: Rock Energy Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 41 Table 29: Rock Energy Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43 Table 30: Rock Energy Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 45 Table 31: Rock Energy Inc., Oil and Gas Production Replacement Ratio, %, 2011-2015 47 Table 32: Rock Energy Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 51 Table 33: Rock Energy Inc., Revenue and Expenses, US$ mil, 2011-2015 52 Table 34: Rock Energy Inc., Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 57 Table 35: Rock Energy Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58 Table 36: Rock Energy Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 62 Table 37: Rock Energy Inc., Oil and Gas Performance Metrics, 2011-2015 63 Table 38: Rock Energy Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64 Table 39: Rock Energy Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 66 Table 40: Rock Energy Inc., Producible Oil and Gas Wells, 2011-2015 67 Table 41: Rock Energy Inc., Producible Oil and Gas Wells, By Country/Region, 2011-2015 71 Table 42: Rock Energy Inc., Exploratory and Developed Wells, 2011-2015 72 List of Figures Figure 1: Rock Energy Inc., Share Price Performance, CAD/Share, Q1, 2015-Q1, 2016 8 Figure 2: Rock Energy Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2015-Q1, 2016 9 Figure 3: Rock Energy Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 10 Figure 4: Rock Energy Inc., Upstream Capital Expenditure, US$ mil, Q1, 2015-Q1, 2016 12 Figure 5: Rock Energy Inc., Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2015-Q1, 2016 13 Figure 6: Rock Energy Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 14 Figure 7: Rock Energy Inc., Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 15 Figure 8: Rock Energy Inc., Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 16 Figure 9: Rock Energy Inc., Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 17 Figure 10: Rock Energy Inc., Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 18 Figure 11: Rock Energy Inc., Share Price Performance, CAD/Share, 2011-2015 19 Figure 12: Rock Energy Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 20 Figure 13: Rock Energy Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 21 Figure 14: Rock Energy Inc., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 23 Figure 15: Rock Energy Inc., Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 23 Figure 16: Rock Energy Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 25 Figure 17: Rock Energy Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 26 Figure 18: Rock Energy Inc., Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 27 Figure 19: Rock Energy Inc., Oil Production, By Country/Region, mmbbl, 2011-2015 27 Figure 20: Rock Energy Inc., Crude Oil Reserve Changes, mmbbl, 2015 29 Figure 21: Rock Energy Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 30 Figure 22: Rock Energy Inc., Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 31 Figure 23: Rock Energy Inc., Gas Production, By Country/Region, bcf, 2011-2015 31 Figure 24: Rock Energy Inc., Natural Gas Reserve Changes, bcf, 2015 33 Figure 25: Rock Energy Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 34 Figure 26: Rock Energy Inc., Gas Reserve Life Index, By Country/Region, Years, 2011-2015 35 Figure 27: Rock Energy Inc., Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 35 Figure 28: Rock Energy Inc., Oil Reserve Life Index, By Country/Region, Years, 2011-2015 36 Figure 29: Rock Energy Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 37 Figure 30: Rock Energy Inc., Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 38 Figure 31: Rock Energy Inc., Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 38 Figure 32: Rock Energy Inc., Development Costs, By Country/Region, US$ mil, 2011-2015 40 Figure 33: Rock Energy Inc., Exploration Costs, By Country/Region, US$ mil, 2011-2015 40 Figure 34: Rock Energy Inc., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 42 Figure 35: Rock Energy Inc., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44 Figure 36: Rock Energy Inc., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44 Figure 37: Rock Energy Inc., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45 Figure 38: Rock Energy Inc., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 46 Figure 39: Rock Energy Inc., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 48 Figure 40: Rock Energy Inc., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 48 Figure 41: Rock Energy Inc., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49 Figure 42: Rock Energy Inc., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49 Figure 43: Rock Energy Inc., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 50 Figure 44: Rock Energy Inc., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 50 Figure 45: Rock Energy Inc., Revenue and Expenses, US$ mil, 2011-2015 52 Figure 46: Rock Energy Inc., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 53 Figure 47: Rock Energy Inc., Exploration Expenses, By Country/Region, US$ mil, 2011-2015 53 Figure 48: Rock Energy Inc., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54 Figure 49: Rock Energy Inc., Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 54 Figure 50: Rock Energy Inc., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55 Figure 51: Rock Energy Inc., Production Costs, By Country/Region, US$ mil, 2011-2015 55 Figure 52: Rock Energy Inc., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56 Figure 53: Rock Energy Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58 Figure 54: Rock Energy Inc., Exploration Expenses per boe, By Country/Region, US$/boe, 2011-2015 59 Figure 55: Rock Energy Inc., Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 59 Figure 56: Rock Energy Inc., Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 60 Figure 57: Rock Energy Inc., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 60 Figure 58: Rock Energy Inc., Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 61 Figure 59: Rock Energy Inc., Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 61 Figure 60: Rock Energy Inc., Oil and Gas Performance Metrics, 2011-2015 63 Figure 61: Rock Energy Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64 Figure 62: Rock Energy Inc., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65 Figure 63: Rock Energy Inc., Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65 Figure 64: Rock Energy Inc., Producible Oil and Gas Wells, 2011-2015 67 Figure 65: Rock Energy Inc., Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 68 Figure 66: Rock Energy Inc., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 68 Figure 67: Rock Energy Inc., Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 69 Figure 68: Rock Energy Inc., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 69 Figure 69: Rock Energy Inc., Net Productive Gas Wells, By Country/Region, Number, 2011-2015 70 Figure 70: Rock Energy Inc., Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 70 Figure 71: Rock Energy Inc., Net Productive Oil Wells, By Country/Region, Number, 2011-2015 71 Figure 72: Rock Energy Inc., Exploratory and Developed Wells, 2011-2015 72