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ROK Resources Inc V.ROK

Alternate Symbol(s):  V.ROK.WT | ROKRF | RKRWF

ROK Resources Inc. is a Canada-based oil and gas company. The Company is primarily engaged in exploring for petroleum and natural gas development activities in Alberta and Saskatchewan. Its core assets include Southeast Saskatchewan, which comprises oil weighted conventional Frobisher and unconventional Midale prospects and covers over 131,000 net acres, and Kaybob Alberta, a gas weighted, stacked multi-zone reservoir with upside locations in the Cardium, Montney, Bluesky and Dunvegan formations. The Company covers over 75,000 gross (45,000 net) acres in Kaybob. The Company also has a 25% interest in a private entity, which holds certain Subsurface Mineral Dispositions in Saskatchewan, with a focus on potential lithium resource prospects.


TSXV:ROK - Post by User

Bullboard Posts
Comment by Lurker11on Feb 08, 2015 12:14pm
194 Views
Post# 23408385

RE:Robert Cross (PDQ's founder) wants to sell PDQ much higher

RE:Robert Cross (PDQ's founder) wants to sell PDQ much higherThe quote below and the fact that Greg Vernon resigned likely indicates that a more cautious/reined in approach didn't agree with Greg Vernon's desired direction. Likely going to reduce plans/expenditures until conditions show signs of changing. I suspect partners are pulling in as well. Hopefully will be short lived. "Under the current market conditions affecting the oil and gas industry, the Board of Directors considers it necessary to perform a cautious re-assessment of the Company’s strategy going forward. While we believe our current portfolio of Colombian assets has the potential to significantly increase Company value for our shareholders, we do not think it would be wise to take any actions that may be viewed as rushed or imprudent in the current pricing environment. We will inform the market in the near term of our strategy for the future of Petrodorado once the Board and management have completed a thorough evaluation.”
Bullboard Posts