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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 Oct 24, 2013 7:17pm
170 Views
Post# 21847198

RE:RE:RE:Clean the House

RE:RE:RE:Clean the HouseEcopetrol is not providing it, they ar the partners at Bugainvilles and are applying for it.

I am sure they spent close to $15.3M on Peru blocks, so can't see a significant gain there.  It was $10M each in seismic, of which Peru 138 at least was complete.  I am sure they had many more expenses to offset the sale of the assets.  That said, it sounds like PDQ may have made it a habbit of very poor financial manegement between SNN and their aledged unpaid balances in Peru.  I still do not think it is material though.
Bullboard Posts