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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
Post by MikPreciouson Mar 04, 2016 1:24pm
153 Views
Post# 24623058

The Real Truth -- Buyer Beware - i dont usually post

The Real Truth -- Buyer Beware - i dont usually postI have been with this company for some time and management is less than satisfactory in getting results that is an absolute certainty. This deal is a way out for them partially to alleviate their struggle and dear i say the "B" word. There is confusion out there in In terms of what shareholders will be receiving. I know the two main people really well and have spoken to them many times. You will only receive a shared portion of what AMER gave to PDQ and nothing else. The rest will remain with PDQ as well as an additional 750k from the AMER portion in cash. They are trying to clear their liabilities right now and red tape which is quite possibly risky in terms of attempting to release themselves from all the previous contracts. Basically, they are attempting to jump ship. This stock could be worth in its best picture according to management .43cents. However the risks dont warrant this price. Firstly, the stock only trades in London stock and is costly to sell. They are not a big company at all. Their main catalyst of the pipeline is already showing which means not a heck of a lot for some time based on my opinion. Just another junior exposure in the oil market which is very hard to get out. I sold all my stock at .37 cents. The stock potential price is worth in terms of the risk at least below .33 cents. I lost a fair amount in losses but glad i took it out and appreciate the people that inflated it for me last week and got rid of 400k shares. If you dont like my sentiments too bad but this is the plain truth. Oh by the way, the deal wont be done until approximely end of March now.
Bullboard Posts