Small cap idea ROK Rok Resources Inc Small cap idea ROK Rok Resources Inc
NOt for everybody but I have done well with these small players who have a history of
starting small growing a company and then selling.
Management team are solid oil men with decades of experience who have used this strategy several times and created over $400 million is weatlh for shareholders
ROK recently made a significant acquisition and have hedged most of their production for 2 years.
Mr. Cameron Taylor reports
ROK RESOURCES ANNOUNCES HEDGING PROGRAM
ROK Resources Inc. has entered into an oil and gas swap structure hedge of approximately 925,326 barrels (bbl) and 2,453,362 million barrels of oil equivalent (Mmbtu) for the period of April, 2022, through March, 2024. This volume represents approximately 75 per cent of the company's current production base. The weighted average swap prices over the 24 month period is $93.61 (U.S.)/bbl West Texas Intermediate (WTI) and $4.09 (U.S.)/Mmbtu natural gas, respectively.
At $75 WTI they will flow $40 million of cash flow.
I figure at higher prices there cash flow per share will be .28 cents
Trading at .26 cents
They have not updated presentation ...New share count 186 million shares outstanding.
$457.7 MILLION
Total proceeds of 4 companies
built and sold on $154MM
in capitalraised
6,749 Boepd
Cumulative growth of each
company
Cam Taylor
Chairman & Chief
Executive Officer
Co-founder of ROK Resources Inc., former President and CEO of Villanova
4 Oil Corp., Villanova Oil Corp. & Villanova Resources Inc. He is a
geoscientist with over 30 years of experience in oil & gas exploration and
development. Since graduating with a BSc. in Geophysics in 1988, he has
worked the Williston Basin, Foothills, deep Devonian and heavy oil
exploration within Canada.