ROK Resources Inc. has filed its interim Financial Results and Management Discussion & Analysis for the three and six months ended June 30, 2023 and provides an update on the second lithium well drilled. Q2 2023 HIGHLIGHTS Production up 8% YoY: Production was up 8% from 3,054 boepd in Q2 2022, to 3,297 boepd in Q2 2023. Net Debt reduced by 90% YoY: Net debt was reduced from $38.4 million at June 30, 2022, to $3.8 million [...]
ROK Resources Inc. , has filed its interim Financial Results and Management Discussion and Analysis for the three months ended March 31, 2023. Financial and Operating Highlights In Q1 2023, the Company realized production volume of 372,570 total boe , resulting in crude and natural gas sales of $24.1 million and funds from operations of $13.3 million. This equates to an operating netback, after hedging, per boe of $33.71 [...]
EMP Metals Corp. is pleased to announce the results of Hub City Lithium Corp. National Instrument 43-101 Technical Report on the lithium brine potential and preliminary resource assessment for the Mansur and Viewfield project areas. The Preliminary Assessment confirms an inferred lithium resource of 1.15 million tonnes of lithium carbonate equivalent at a weighted average grade greater than 143 mg/l within Hub City [...]
ROK Resources Inc. , is pleased to announce the full repayment of its non-revolving term loan , 20 months prior to expiry. The Term Loan was obtained in January 2023 and was fully repaid, without pre-payment penalties, through a combination of monthly operating cash flow and strategic non-operated asset dispositions. Since March 2022, the Company has retired more than $55 million of debt while increasing its base [...]
ROK Resources Inc. is pleased to announce the results of its April 1, 2023 independent reserves evaluation , which was conducted by McDaniel & Associates of Calgary and was conducted in accordance with the definitions, standards and procedures contained in the Canadian Oil and Gas Evaluators Handbook and National Instrument 51-101 - Standards for Disclosure of Oil and Gas Activities . The reserve volumes are inclusive of [...]
ROK Resources Inc. has filed its Annual Financial Results, Reserve Report, and Management Discussion & Analysis for the year ended December 31, 2022. Financial and Operating Highlights In Q4 2022, the Company realized production volume of 326,469 total boe , resulting in crude and natural gas sales of $23.9 million and funds from operations of $14.9 million. This equates to an operating netback, after hedging, per boe of [...]
ROK Resources Inc. has completed its previously announced dispositions of certain non-core assets for total combined proceeds of approximately $47.25 million, before normal closing adjustments . The Assets are comprised of ROK's non-operated interest in the Weyburn Unit and two smaller non-core assets located in Saskatchewan. The Transactions are consistent with ROK's strategic plan, focusing on debt reduction and [...]
ROK Resources Inc. is pleased to announce it has entered into separate Asset Purchase and Sale Agreements to divest of certain non-core assets in Saskatchewan for total combined proceeds of approximately $47.25 million, which includes the sale of ROK's non-operated 2.11685% interest in the Weyburn Unit to Rife Resources Ltd. for total proceeds of approximately $44.5 million, before normal closing adjustments . Two smaller [...]
ROK Resources Inc. is pleased to announce the successful drilling and multi-layer perforation and flow test of a wellbore strategically located on one of Hub City Lithium Corp. Subsurface Crown Mineral Dispositions located in the Viewfield Area of Saskatchewan. Third-party laboratory testing returned lithium concentrations in the Duperow formation of up to 259 mg/l . According to public records, these Test Results are the [...]
ROK Resources Inc. is pleased to announce the results of its December 31, 2022 independent reserves evaluation. The evaluation for the Company as at December 31, 2022 was conducted by McDaniel & Associates of Calgary and was conducted in accordance with the definitions, standards and procedures contained in the Canadian Oil and Gas Evaluators Handbook and National Instrument 51-101 - Standards for Disclosure of Oil and [...]
ROK Resources Inc. is pleased to announce the successful completion of a multi-layer perforation and swab test of a wellbore strategically located on one of Hub City Lithium Corp. Subsurface Crown Mineral Dispositions located in the Mansur Area of Saskatchewan. Third-party laboratory testing returned lithium concentrations in the Duperow formation of up to 148 mg/l . Test Results Target Duperow Interval Average Porosity [...]
ROK Resources Inc. is pleased to announce that it has successfully closed the acquisition previously announced on December 19, 2022 of the assets located in ROK's core operating area of Southeast Saskatchewan , in exchange for total consideration of approximately $23 million CAD in cash consideration after closing adjustments and approximately 400 boepd of non-core, Southwest Saskatchewan assets. The Acquisition was [...]
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