ROK Resources Inc.

ROK Resources Inc. is pleased to provide capital budget and production guidance for the remainder of 2022. ROK is focused on growing free cash flow, paying down debt and commencing a Southeast Saskatchewan focused drilling and workover program. Capital Budget Total capital expenditures of $18.2 million, which include: $10.5 million allocated to Drilling, Completing and Equipping of 10 Gross oil wells $1.5 million [...]

ROK Resources Inc. has filed its Annual Financial Results, Reserve Report, and Management Discussion & Analysis for the year ended December 31, 2021. Financial Statements Highlights for the 2021 year include: In the 2021 year, the Company realized production volume of 64,554 boe, resulting in crude and natural gas sales of $3,436,882 and net operating income of $1,441,622 after royalties and operating expenses. This [...]

ROK Resources Inc. is pleased to announce the results of its April 1, 2022 independent reserves evaluation, which includes the reserve volumes from its recent acquisition , as defined in the press release dated March 7, 2022. The evaluation for the Company as at April 1, 2022 was conducted by McDaniel & Associates Consultants Ltd. of Calgary and was conducted in accordance with the definitions, standards and procedures [...]

ROK Resources Inc. is pleased to announce that it has updated its corporate presentation available on its website at www.rokresources.ca. About ROK ROK is primarily engaged in exploring for petroleum and natural gas development activities in Alberta and Saskatchewan. Its head office is located in Regina, Saskatchewan, Canada and ROK's common shares are traded on the Exchange under the trading symbol "ROK". For further [...]

ROK Resources Inc. announces that the Board of Directors has awarded a total of 10,760,000 options to directors, officers, employees and consultants of the Company. The options are exercisable into common shares in the capital of the Company at an exercise price of $0.25 per share. The options vest as to one third immediately with an additional one third vesting on the first anniversary of the date of grant with the [...]

ROK Resources Inc. is pleased to announce the results of its December 31, 2021 independent reserves evaluation. The evaluation for the Company as at December 31, 2021 was conducted by GLJ Ltd. 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 [...]

ROK Resources Inc. is pleased to announce that it has entered into an oil and gas swap structure hedge of approximately 925,326 bbls and 2,453,362 Mmbtu for the period of April 2022 through March 2024. This volume represents approximately 75% of the Company's current production base. The weighted average swap prices over the 24 month period is US$93.61/bbl WTI and US$4.09/Mmbtu Natural Gas1, respectively. The hedge is [...]

ROK Resources Inc. is pleased to announce that it has successfully closed the previously announced transformational acquisition of certain oil & gas assets , primarily in Saskatchewan and Alberta, from Federated Co-operatives Limited and its wholly-owned subsidiary 2214896 Alberta Ltd. . The Assets include approximately 2,962 boe/d [1] of low-decline, oil-weighted production in Southern Saskatchewan and Alberta which, at [...]

ROK Resources Inc. is pleased to announce that it has today completed its previously announced bought deal public offering of subscription receipts of the Company , at a price of $0.18 per Subscription Receipt , for aggregate gross proceeds of $17.3 million. The Offering was completed through a syndicate of underwriters led by Echelon Capital Markets, as sole lead underwriter and sole bookrunner . Pursuant to the [...]

ROK Resources Inc. is pleased to announce that it has amended the terms of its previously announced offering of Subscription Receipts, subject to TSX Venture Exchange approval and any conditions related thereto. Under the amended terms of the Offering, a syndicate of underwriters led by Echelon Capital Markets have agreed to purchase 83,334,000 Subscription Receipts from the treasury of the Company, at a price of $0.18 [...]