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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 PhiladelphiaCoon Mar 24, 2023 12:09am
145 Views
Post# 35357918

RE:RE:What am i missing..?

RE:RE:What am i missing..?ah yes, got it, thanks. now i reread this it is clear.

Notably, at the time of the asset acquisition, as described in the press release dated March 7, 2022 (“FCL Acquisition“), the Weyburn Unit represented ~15% of the total production and ~28% of annualized net operating income that was acquired, but the gross proceeds from the Transaction represent ~77% of the total purchase price of $58.0 million, net of closing adjustments, of the FCL Acquisition.
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