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ROK Resources Inc V.ROK

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

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 Dave4444on Jul 09, 2015 6:08pm
203 Views
Post# 23909316

RE:RE:Thanks to its CASH & Zero Debt, PDQ's value now is C$0.25+

RE:RE:Thanks to its CASH & Zero Debt, PDQ's value now is C$0.25+
Actually the financials are even better if you consider that $3 million of the liabilities is actually simply an offset to the assets held for sale and will disappear once the sale is concluded and thus will not require use of the available cash to pay it off. Plus decommissioning liabilities are unlikely to every have to be paid, so debts are actually very small, under $1 million. So take US$14 million cash plus US$2.5 million restricted cash, plus Cdn $6 million and you get about Canadian $26 million in cash if all deals go through, plus some other assets. All this for a stock with a market cap. today under $5 million. Nothing is a sure thing, but this sure looks like a bet where the odds are highly in favor of the shareholder.
Bullboard Posts