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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

ROK Resources Inc > 2P reserves
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Comment by windymayor1on Apr 21, 2023 6:08pm
271 Views
Post# 35408169

RE:RE:RE:2P reserves

RE:RE:RE:2P reservesSince the 113 mm wts do not expire till 2025 I doubt all will be exercise.
The non public and options r mostly insiders  so will be and will bring in cash to the company for further drill success.
In the event all of the above do get exercised it will bring in approx. $34 mm. which is approx 10 wells so accretive when it turns into over 1,000 boe/d additional production. 

Company is going to 6k + boe/d by end 2024 then will be debt free, cashflowing over $80 mm and can  buy back shares and issue a divvy. Neither of which will be worrisome.  .
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