ROK Resources Inc. is pleased to confirm that in connection with the strategic Southeast Saskatchewan asset acquisition announced on December 19, 2022 , ROK has entered a commitment letter with respect to a senior secured loan facility with a Canadian Chartered Bank for an aggregate principal amount of $75 million . The Senior Loan Facility will be used to fund the Acquisition and pay out existing debt held by Anvil [...]
ROK Resources Inc. is pleased to announce that it has entered into an Asset Exchange Agreement to acquire certain oil & gas assets , currently producing approximately 1,500 boe/d , in Southeast Saskatchewan from an Intermediate Energy Producer in exchange for total consideration of: $26.5 million CAD in cash, before adjustments1 , and an asset divestiture to the same Intermediate Energy Producer of our non-core assets [...]
ROK Resources Inc. has filed its interim Financial Results and Management Discussion & Analysis for the three and nine months ended September 30, 2022. Financial and Operating Highlights In Q3 2022, the Company realized production volume of 321,989 total boe , resulting in crude and natural gas sales of $26.6 million and funds from operations of $14.5 million. This equates to an operating netback, after hedging, per boe [...]
ROK Resources Inc. is pleased to announce that it has added Tom MacInnis as a director of the Company, effective immediately. Mr. MacInnis is an independent businessman, currently CEO and Director of Southern Pacific Resource Corp., and a member of the advisory committee for Lex Energy Partners Funds III, IV and V. Mr. MacInnis brings a wealth of energy capital markets and transactional experience, as previous Head of [...]
ROK Resources Inc. is pleased to provide an operations update for its Kaybob workover and reactivation program, as well as the participation in two non-operated wells. The Company successfully completed the reactivation of four gross wells and the workover of one gross well in the Kaybob area of Alberta. The operations were completed in July and have resulted in an IP60 of 135 net Boepd after total net capital [...]
ROK Resources Inc. announces that the Board of Directors has awarded a total of 1,550,000 options. The options will be granted to certain employees hired in the second quarter of 2022 and investment relations consultants of the Company, specifically Phil Heinrich and Adelaide Capital Markets Inc. . The options are exercisable into common shares in the capital of the Company at an exercise price of $0.30 per share. The [...]
ROK Resources Inc. has filed its interim Financial Results and Management Discussion & Analysis for the three and six months ended June 30, 2022. Financial and Operating Highlights In Q2 2022, the Company realized production volume of 277,877 total boe , resulting in crude and natural gas sales of $28.7 million and operating income of $18.3 million after royalties and operating expenses. This equates to an operating [...]
ROK Resources Inc. is pleased to provide an operations update for its Southeast Saskatchewan drilling program. The Company has successfully completed the drilling of 4 gross operated locations. The Company will initiate a second phase of drilling operations scheduled to begin mid August, with additional horizontal wells planned in Southeast Saskatchewan. Current corporate production is estimated at 3,300 boepd , a [...]
Lunch Keynote Presentations Feature BPX Energy, Vivek Ramaswamy with Strive Wealth Management and Petrie Partners Panels include discussions on Capital Allocation, Responsibly Sourced Gas, Private Capital, Carbon Capture, Renewable Natural Gas, ESG, Private Companies and Commodity Market Outlook EnerCom, Inc. announced today that the EnerCom Denver investment conference will feature management team presentations, breakout [...]
Lunch Keynote Presentations Feature BPX Energy, Vivek Ramaswamy with Strive Wealth Management and Petrie Partners Panels include discussions on Capital Allocation, Responsibly Sourced Gas, Private Capital, Carbon Capture, Renewable Natural Gas, ESG, Private Companies and Commodity Market Outlook EnerCom, Inc. announced today that lunch keynote presentations will feature BPX Energy, Vivek Ramaswamy with Strive Wealth [...]
Preliminary Presentation Times and Schedule for Participating Companies at EnerCom Denver Now Posted on the Conference Website EnerCom, Inc. announced today that institutional investors, portfolio managers, financial analysts, CIOs and other investment industry professionals registered for the EnerCom Denver conference can now request One-on-One meetings with the senior management teams of participating companies on the [...]
Registration is Open Now for EnerCom Denver with One-on-One Meeting Requests Opening for Qualified Investors on July 1st EnerCom, Inc. announced today that it has published the preliminary presentation times and schedule for presenting companies at EnerCom Denver - The Energy Investment Conference on the conference website at www.enercomdenver.com and that qualified investors that have registered for the conference will [...]