thanks to carswell IV $peakAnother presenter at the EnerCom conference was Al Bey's Rock Energy Inc. (RE), up 46 cents to $7.50 on 913,600 shares. It added 44 cents yesterday as shareholders awaited its after-market presentation. President and CEO Bey focused on the company's two core assets in southwest Saskatchewan, called Mantario and Onward. Mantario is currently producing 3,500 barrels of oil equivalent a day. To improve recovery rates, Rock is preparing to start an EOR (enhanced oil recovery) program of waterflooding, starting in September, and polymer flooding, starting next January or February. Mr. Bey was particularly excited about these programs because they should improve netbacks as well as recoveries. In Saskatchewan, horizontal wells face much lower royalties than verticals (2.5 per cent instead of 29 to 30 per cent), which will be good for Rock because it plans to drill horizontal wells as producers for its waterflood program. Another perk in Saskatchewan is that costs incurred during a polymer program can be largely recovered through royalty credits. Rock has already received approval to pay a 1-per-cent royalty for 30 months starting April 1, 2015, to recover $50-million of the $61-million cost of its polymer program. Mr. Bey went through the figures, but the most important ones are these: In the second quarter of 2014, Rock reported royalty costs at Mantario of $20.33 a barrel. That figure will drop to 85 cents once the royalty breaks are in effect. While Rock is preparing for EOR, it is also drilling step-out wells to test the limits of the existing pool, and looking for similar pools nearby. Mr. Bey then turned to Onward. There, Rock is targeting various Mannville formations, which are currently producing about 600 barrels a day and could be good prospects for EOR, and the more exciting Viking light oil play, which is currently producing around 275 barrels a day. Rock thinks the Viking could ultimately be twice as big as Mantario. It has tested about half of its 40 net Viking sections so far, and plans to test the remaining sections over the rest of the year.