ROK Resources Inc V.ROK

Alternate Symbol(s): 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 oil and gas assets include Southeast Saskatchewan, which consists of oil-weighted conventional Frobisher and Midale prospects; 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. It covers over 131,000 net acres in Southeast Saskatchewan.

TSXV:ROK - Post by User

ROK Resources Inc

<< Previous

Bullboard Posts

Next >>

(84)
•••

Post by Angleson Apr 12, 2025 1:06pm

222 Views

Post# 36536128

Overall - A decent report

Overall, I find this latest update a decent report. Yes, still lacking in a few areas, but overall, they have achieved a number of very positive goals and set the company up for a great future, I believe!!!

2024 Financial and Operating Highlights

The Company has filed its Annual Financial Results and Management Discussion & Analysis for the year ended December 31, 2024.

43% Reduction in Adjusted Net Debt: The Company exited 2024 with Adjusted Net Debt of $10.6 million, representing a 43%, or $8.1 million, reduction year over year;
Funds from Operations Outperforms Forecast: Funds from Operations of $31.4 million in 2024, a 5% increase compared to internal forecast of $29.8 million;
Production In-Line with Forecast: Daily average production in 2024 of 3,992 boepd (66% liquids), which represents production growth of 3%, despite a 37% reduction in CAPEX, year over year;
Reserves Growth: As a result of our successful light oil drilling program in 2024, the Company had a 4% increase on total proved and medium oil reserves and 5% increase on total proved plus probable light and medium oil reserves.