ROK Resources Inc V.ROK

2P reserves

[Dali812]

They reported NAV10 of 2P reserves at 257$ mil. that is multiple of 3 to current market cap...what a bargain

[nozzpack]

We have such a premium replacement ratio that its redundancy provides plenty of room for a modest dividend . Dividends tend to boost the trading muktiple quite a bit as typical yields are about 3 % A 2 cent dividend would boost us to the $0.60 level 

[Dali812]

One thing that still worries me is that there is 212mil basic shares and 113 mil public warrants, 8.3 mil non public warrants and 18.7 mil options.... that is a massive dilution if all of these are excercised

[windymayor1]

Since 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