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ROK Resources Inc V.ROK

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

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 SlowLorison Jun 30, 2015 9:47am
126 Views
Post# 23880364

RE:The Oil Discoveries in PDQ's TALORA Block, Farm-Out ?

RE:The Oil Discoveries in PDQ's TALORA Block, Farm-Out ? Dumping the Putamayo block was obviously sensible, the committments were out of PDQ's leaque. CPO-5 looked very promising however, so not great to see it go; however the fact that ONGC were operator and had a very different agenda to PDQ was a major problem, so maybe better off taking some cash and the GOR and concentrating on Talora, where PDQ is the operator and majority owner - real important when the cash flow has to be managed conservatively. The potential of Talora had been rather over-shadowed by CPO-5, but looking again, it does look quite interesting. What would really help of course would be the management to come out and define the strategy clearly.....if it is to focus on Talora, that could work - but they need to say it.
Bullboard Posts