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ROK Resources Inc V.ROK

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

ROK Resources Inc. is primarily engaged in exploring for petroleum and natural gas development activities in Alberta and Saskatchewan. The Company’s diversified asset base in both Southeast Saskatchewan and Alberta is weighted to light crude with opportunities for natural gas development in the Kaybob area of Alberta. 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.


TSXV:ROK - Post by User

Bullboard Posts
Comment by hockeylad33on May 25, 2011 9:55pm
387 Views
Post# 18626272

RE: RE: RE: A financing that should not have happe

RE: RE: RE: A financing that should not have happeWould you rather they did a financing now in the low 30's?  They needed way more than $14M to complete their dilling program this year, so with or without this restricted cash they would have had to finance.  If you ask me, the 0.65/sh (no warrants)  financing was a great move, especially in hindsight.  Certainly beats running out of cash and being forced to finance ... so yes I still "couldn't disagree more", even more.

And koodos for throwing in the personal attacks, always a classy move.  Really helps to support your point.  I guess it's the next best thing to logic and facts.

Bullboard Posts