ROK Resources Inc V.ROK

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

Energy Oil & Gas E&P

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

ROK Resources Inc

Bullboard Posts

Post by hockeylad33on Sep 07, 2011 10:27am

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Post# 19017638

New Presentation

Summary/ Interesting notes:
- Almost 80 Prospects/Leads company wide.
- Drilling 5 wells at CPO-5: 2 in Q4, 3 in Q1/2 of 2012
- Couple more wells in Q4
- Divesting La Maye (the Noelia 1 discovery) and Moriche Prospect (77 bbls/d)
- 55M in cash (approx 0.10/sh)
- Gas production not possible at Talora, fomation collapsed.
- Drilling in Paraguay Q1
- 3M bbls 3P reserves at Bugainvilles with planned steam injection pilot this year.

Burn rate is the lowest I've seen of all these juniors. $1M G&A for remainder of year.

hockeylad33

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario