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ROK Resources Inc - ROKRF STOCK NEWS

Welcome to our dedicated news page for ROK Resources (Ticker: ROKRF), a resource for investors and traders seeking the latest updates and insights on ROK Resources.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ROK Resources's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ROK Resources's position in the market.

News
ROK Resources Announces Revised First-Half 2024 Guidance & Files 2023 Financial Results & Management Discussion & Analysis
Rhea-AI Summary
ROK Resources Inc. announces revised first-half 2024 guidance, focusing on drilling programs, cost reduction, and expansion in Southeast Saskatchewan. The company plans a six-well program targeting Frobisher light oil prospects, with a capital budget increase to $10.0 - $10.5 million. Financially, ROK saw record average production in 2023, increased funds from operations, and a significant reduction in net debt year over year.
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ROK Resources Announces Record Production, 2023 Year-End Reserves, and Provides First-Half 2024 Guidance
Rhea-AI Summary
ROK Resources Inc. announces strong operational performance in 2023 with record production levels, reserve growth, and cost reductions. The company achieved a daily average production of 4,650 boepd in December, increased production by over 50% in 6 months, and added 10 proved drilling locations. Operating cost per boe reduced by 20% in Q4 2023, exceeding funds from operations forecast by 16%. Net debt decreased by 59% year over year to $14.5 million. The company also demonstrated commitment to ESG initiatives by investing in environmental liabilities. The independent reserves evaluation revealed significant reserves growth with proved plus probable reserves of 21,054 Mboe and NPV of $237.5 million. The company's 1P and 2P diluted NAV increased by 15% and 22% respectively year over year. The 2023 average Operating Netback was $24.37/boe. First-half 2024 guidance focuses on debt reduction, operational efficiencies, well reactivations, and lithium project advancement.
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ROK Resources Announces Preliminary Economic Assessment Results for the Viewfield Lithium Brine Project
Rhea-AI Summary
ROK Resources Inc. (TSXV:ROK)(OTCQB:ROKRF) announces the highlights of Hub City Lithium's Preliminary Economic Assessment (PEA) on the Viewfield Lithium Brine Project, Saskatchewan. The PEA outlines a pre-tax NPV of $1.49 billion USD, a pre-tax IRR of 55%, and a 23-year project-life producing a total of 282,090 tonnes of battery-grade lithium carbonate.
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ROK Resources Provides Lithium Update: Preliminary Economic Assessment, Successful DLE Pilot & Production of Battery Grade Lithium Carbonate
Rhea-AI Summary
ROK Resources Inc. (TSXV:ROK)(TSXV:ROK.WT)(OTCQB:ROKRF) reports significant advancements in its lithium project, including successful direct lithium extraction pilot results, production of pure battery-grade lithium carbonate, increased acreage, and an update on the delivery of the Preliminary Economic Assessment.
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ROK Resources Files Financial Results for the Third Quarter of 2023 & Releases Operational Update
Rhea-AI Summary
ROK Resources Inc. (TSXV:ROK)(OTCQB:ROKRF) reported Q3 2023 highlights, including a 10% YoY production increase, net debt reduction by 51% YoY, and operational updates. The company's Q3 2023 financial summary showed average daily production of 3,858 boepd, generating a net operating income of $7.1 million. Capital expenditures totaled $8.5 million, $4.0 million less than forecasted. ROK's net debt as of September 30, 2023, was $15.0 million.
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ROK Resources Provides an Update on Drilling Program and Appointment of President
Rhea-AI Summary
ROK Resources Inc. provides an operations update for its drilling program, reporting successful completion of phase one with 5 operated wells drilled in Southeast Saskatchewan. The second phase will include 5 operated wells in Southeast Saskatchewan and 1 non-operated well in Kaybob Alberta. Production has increased by 18% compared to Q2 2023 average, reaching 3,900 boepd. The Company aims for a 2023 exit production rate of 4,500 boepd. The estimated capital expenditures are $13 million, in line with the 2023 budget guidance of $30 million. The Company's net debt is in line with the estimated 2023 exit net debt of $16-$17 million. The new production volumes are unhedged and will receive market commodity pricing throughout 2023. Bryden Wright has been appointed as President and COO. The release of the Preliminary Economic Assessment for Hub City Lithium Corp. is anticipated in mid-Q4 2023. The Company has entered into a securities marketing agreement with Phil Heinrich for a three-month term.
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ROK Resources Files Financial Results and Management Discussion & Analysis for the First Quarter of 2023
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ROK Resources Announces Early Repayment of Term Loan, Reduction in Hedge Program and Lithium Update
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ROK Resources Inc

OTC:ROKRF

ROKRF Rankings

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ROKRF Stock Data

53.29M
169.52M
10.28%
4.99%
Crude Petroleum Extraction 
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Regina