I know it has been said here before but ...I know it has been said here before but if ROK gets anywhere close to this plan, I cannot see why it is not a five bagger at least from here, or more!!!. No one is counting their lithium investment and holdings or current strong production with little debt. I would love to see them aim for the higher production level and cash flow, but that is only my thoughts. I guess we will see shorthly. I am hoping for very strong results in all areas. Either way, it makes this one a big winner to come (IMO). Watch and see.
REGINA, SK / ACCESS Newswire / February 27, 2025 / ROK Resources Inc. ("ROK" or the "Company") (TSXV:ROK)(OTCQB:ROKRF) is pleased to provide its 2025 capital budget and guidance, emphasizing disciplined development of its conventional light oil prospects in core operating areas in Southeast Saskatchewan.
Should commodity prices remain within the current range, the Company will prioritize maintaining stable production and Funds from Operations will be directed to expeditiously reduce debt outstanding. Alternatively, if commodity prices improve, the Company will pursue a more robust development plan, aimed at maximizing Funds from Operations derived from the continued delineation of core plays, while maintaining a resilient balance sheet. In both instances, the Company will be well positioned to consider alternate forms of returns to its shareholders. During a period of pricing volatility, ROK believes a flexible approach best positions the Company to maximize shareholder value through disciplined capital allocation.
2025 Budget Highlights
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Focus on Southeast Saskatchewan light oil prospects with development commencing late Q2 2025;
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~75% of capex allocated to drilling, completion, equipping, tie-in and production optimization;
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Conventional Frobisher drilling expected to continue to deliver strong capital efficiencies and quick payouts;
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Continue to exploit vast inventory of multi-lateral Midale prospects;
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Drill emerging State A (Frobisher) open hole multi-lateral well;
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Initiate Southeast Saskatchewan Midale waterflood project
2025 Guidance Summary
| | | US$70 WTI CA$2.00GJ/AECO1,3 | | | US$80 WTI CA$2.25/GJ AECO1,3 | |
| Net Wells | | | 9.2 | | | | 16.7 | |
| Capital Expenditures (MM) | | $ | 19.1 | | | $ | 29.5 | |
| Daily Average Production (boepd)2 | | | 3,900 | | | | 4,250 | |
| Q4 2025 Production (boepd)2 | | | 4,000 | | | | 4,700 | |
| Funds From Operations (MM) | | $ | 31.0 | | | $ | 39.0 | |
| Adjusted Net Debt (MM) | | $ | 6.0 | | | $ | 8.5 | |
| Adjusted Net Debt to Funds from Operations (times) | | | 0.2 | | | | 0.2 | |
Notes:
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0.70 CA$/US$ FX
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66% - 67% liquids
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Price assumptions effective April 1, 2025 and includes unhedged volumes only
About ROK
ROK is primarily engaged in petroleum and natural gas exploration and development activities in Alberta and Saskatchewan. It has offices located in both Regina, Saskatchewan, Canada and Calgary, Alberta, Canada. ROK's common shares are traded on the TSX Venture Exchange under the trading symbol "ROK".