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ROK Resources Inc V.ROK

Alternate Symbol(s):  RKRWF | V.ROK.W | 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

Comment by annegelon Mar 23, 2023 1:09pm
42 Views
Post# 35356644

RE:News out

RE:News outROK Resources Inc. Announces $47.25 Million Accretive Sale of Non-Core Assets, Update on Term Debt & Capital Efficiencies REGINA, SK / ACCESSWIRE / March 23, 2023 / ROK Resources Inc. (TSXV:ROK)(TSXV:ROK.WT) (the "Company" or "ROK") is pleased to announce it has entered into separate Asset Purchase and Sale Agreements (the “Dispositions”) to divest of certain non-core assets in Saskatchewan for total combined proceeds of approximately $47.25 million, which includes the sale of ROK’s non-operated 2.11685% interest in the Weyburn Unit (the “Weyburn Unit”) to Rife Resources Ltd. (“Rife Resources”) for total proceeds of approximately $44.5 million, before normal closing adjustments (the “Transaction”). Two smaller dispositions (the “Other Assets”) make up the balance of the Dispositions with total proceeds of $2.75 million, before normal closing adjustments. 
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