We are an independent oil and gas company based in Houston, Texas that is engaged in the exploration, development and exploit ... ation of onshore energy resources in the United States. Our largest producing area in located in the Eagle Ford shale in South Texas. Rosetta recently obtained a considerable amount of acerage in the Permian Basin through an acquisition. In the last two years, we have undergone a significant strategy shift to become an unconventional resource player. In only one year, the liquids-rich region of the Eagle Ford shale play in South Texas has become the largest producing area in our portfolio. Currently, 30 percent of our production is comprised of natural gas liquids. During 2010, Rosetta became more streamlined as an organization with the sale of legacy assets that were part of our heritage as a unit of major power producing company. The proceeds from those divestitures and others planned for the future are funding our growth in higher-return unconventional resources. As we move forward with our growth-oriented strategy, we are focused on five objectives: Develop our high-return inventory in Eagle Ford, Divest of higher-cost, natural gas producing assets to fund and accelerate our shale initiatives, Simplify and significantly reduce our unit cost structure, Test our Southern Alberta Basin position, and Take advantage of the cyclical nature of our business. read more