Rok Res Inc Stock Price, News & Analysis

ROK Resources (OTCQB:ROKRF) has released its Q2 2025 financial results, reporting funds flow of $9.0 million and average production of 3,729 boepd (65% liquids). The company achieved a significant financial turnaround with an Adjusted Net Surplus of $3.8 million, compared to $10.6 million of Adjusted Net Debt at year-end 2024.

Net income for Q2 2025 reached $3,278,000 ($0.01 per share), a substantial improvement from $82,000 in Q2 2024. The company initiated a Normal Course Issuer Bid (NCIB), repurchasing and cancelling 1,171,000 common shares at an average price of $0.19 per share. ROK plans to commence a three-well capital program in Q3 2025, focusing on two low-cost re-entries and drilling an open hole Midale multi-lateral well.

ROK Resources has announced a restructured long-term incentive plan featuring a new restricted share unit (RSU) plan. The RSU Plan introduces minimum company ownership requirements for executives and directors, with the CEO required to own 3x annual salary, other officers 2x salary, and directors 3x annual retainer. The RSUs will be cash-settled and non-dilutive, with officers' RSUs vesting one-third immediately and the remainder over two years, while directors' RSUs vest upon resignation or change of control. As part of this restructuring, officers and directors will forfeit 11,910,000 options (67% of current options), leaving 5,760,000 options outstanding. The company is proceeding with its previously announced NCIB to repurchase up to 10% of public float. Following the $6.29 million proceeds from unwinding crude oil swap hedges, ROK maintains positive working capital with no debt and an unused $5.0 million revolving credit facility.

ROK Resources (ROKRF) has announced a Normal Course Issuer Bid (NCIB) program to repurchase and cancel up to 18,284,409 common shares, representing 10% of its public float, between June 10, 2025, and June 9, 2026. The company currently has 219,769,315 common shares outstanding, with a public float of 182,844,090 shares excluding those held by insiders. The Board of Directors authorized this share buyback program, viewing it as an effective use of financial resources when share prices don't reflect intrinsic value. National Bank Financial Inc. will facilitate the open market purchases, with a limit of 2% of outstanding shares per 30-day period. All repurchased shares will be cancelled and returned to treasury.

ROK Resources (ROKRF) has announced several key updates including a Normal Course Issuer Bid (NCIB), revised 2025 guidance, and Q1 2025 financial results. The company plans to initiate an NCIB to purchase and cancel up to 10% of its outstanding Public Float over one year, subject to TSXV approval. ROK is restructuring its credit facility to a $5M revolving demand facility with relaxed hedging requirements and allowance for share buybacks. Q1 2025 results showed production of 3,941 boepd (66% liquids), with Funds Flow of $7.1M. The company reduced its Adjusted Net Debt to $4.1M from $10.6M in Q4 2024. For 2025 guidance, ROK projects production between 3,700-3,900 boepd with capital expenditures of $12.6-19.2M, depending on commodity price scenarios.

ROK Resources (ROKRF) has announced the successful unwinding of its crude oil swap hedges, generating proceeds of $6.29 million and resulting in an estimated working capital surplus of $4.0 million by May 31st, 2025. The company has used these proceeds to fully repay its existing line of credit. Since 2022, ROK has demonstrated significant financial improvement by retiring over $85 million in debt while simultaneously increasing its base production by 38% from 2,900 boepd to 4,000 boepd at year-end 2024. The company is currently exploring financing options with its lender to maintain flexibility and plans to manage free cash flow to strengthen its balance sheet and facilitate strategic growth.

ROK Resources (TSXV:ROK)(OTCQB:ROKRF) has announced key leadership changes and 2024 financial results. The company promoted Bryden Wright to President and CEO, with Cameron Taylor transitioning to Executive Chairman. David French, a seasoned financial executive, joined the Board of Directors.

Key 2024 financial highlights include:

• 43% reduction in Adjusted Net Debt to $10.6 million
• Funds from Operations of $31.4 million, exceeding forecast by 5%
• Average daily production of 3,992 boepd (66% liquids), representing 3% growth despite 37% CAPEX reduction
• 4% increase in total proved oil reserves and 5% increase in proved plus probable reserves

Financial results show net loss of $636,413 for 2024, compared to $11 million loss in 2023. Oil and natural gas sales reached $85.2 million, with operating income of $25.9 million and funds from operations of $31.4 million.

ROK Resources (TSXV:ROK)(OTCQB:ROKRF) has announced its 2025 capital budget and guidance, focusing on disciplined development of conventional light oil prospects in Southeast Saskatchewan. The company outlines a flexible approach based on commodity prices:

If prices remain stable, ROK will:

• Maintain stable production
• Direct Funds from Operations to reduce debt

If prices improve, ROK will:

• Pursue more robust development
• Maximize Funds from Operations through core plays delineation
• Maintain balance sheet resilience

Key 2025 budget highlights include:

• Development starting late Q2 2025
• ~75% of capex for drilling, completion, equipping, tie-in and production optimization
• Focus on Conventional Frobisher drilling
• Multi-lateral Midale prospects exploitation
• State A Frobisher open hole multi-lateral well drilling
• Southeast Saskatchewan Midale waterflood project initiation

ROK Resources reported significant achievements in 2024, including a 43% reduction in Adjusted Net Debt to $10.6 million. The company outperformed its guidance with $31.6 million in Funds from Operations, a 6% increase from internal forecasts. Annual average production reached 3,992 boepd (66% liquids), representing 3% growth compared to 2023.

The company's 2024 drilling program focused on light oil prospects in Southeast Saskatchewan, exceeding internal type curves by over 20%. Reserve evaluation highlights include total proved basic NAV of $0.56/share and total proved plus probable basic NAV of $1.03/share, showing increases of 10% and 3% respectively compared to 2023. The corporate decline rate improved from 23% to 21% year over year, with a 4% increase in TP Light and Medium Oil reserves and 5% increase in TPP Light and Medium Oil reserves.

ROK Resources reported Q3 2024 financial results with production averaging 3,773 boepd (71% liquids). The company drilled 2 gross wells in Saskatchewan, with one well achieving IP30 of 240 boepd (85% liquids). Net income reached $10 million, compared to a loss of $7.7 million in Q3 2023. The company sold a non-core asset for $4 million, using proceeds to reduce debt. Year-end 2024 Adjusted Net Debt estimate was revised down 24% to $12.6 million. Operating costs improved 10% year-over-year to $33.71 per boe. Capital expenditures totaled $3.0 million in Q3, with $2.2 million allocated to drilling programs.