ROK Resources:

▫️ Basic shares o/s 219

▫️ Market Cap Basic ~$40.66MMM

▫️ Insider ownership 17%  

▫️ Average trading volume ~183k shares/day  

▫️ Year End net debt $10.6M ($2M lower than expected & an $8.1M decrease Y/Y) Now $4M in positive working capital surplus as they astutely unwound their hedges for $6.3M on May 4th and restructured their RBL to $5M.

▫️ EV~$30.66

▫️ Subsequently initiated an NCIB

Management:

✅ ROK’s management team has organically built four previous private companies all in SE Saskatchewan with initial investments of $154 MM yielding $458 MM in proceeds. Additionally, CEO, Cam Taylor, spent eight years working deep basin gas in the Alberta foothills.

 Operational, Financial & Recent Milestones:

📌 Core areas:  SE Saskatchewan & Alberta’s Kaybob area

📌 In SE Saskatchewan, the Company has 120 drilling locations in the Midale and Frobisher formations, allowing for multiple years of inventory in two of the most economic plays in Canada.

📌 1P of $56M and 2P of $1.03M

📌  Met 2024 Year end guidance of 4000 boepd, $17M of Capex and Funds flow of $31.4M

📌 ROK did a share and cash exchange for their 25% interest with EMP Metals; the top brine lithium play in Canada with the Viewfield area. NO VALUE BEING REFLECTED IN STOCK currently worth $0.04-.0.05 currently

📌 Continued divestitures of non-core assets and acquisitions in their core areas are being evaluated.

📌 Currently trading well below their 1PNAV of $0.56/share that number and 1.3 x c/f with 7-9 years of inventory.

📌 They have given range on 2025 avg guidance of production being 3700- -3900 boepd subject to oil prices being $65 or $75 WTI and Q4 of 3900-4300 boepd, resulting in CF between $31.6M and $38.3M.

📌 With a very talented team, low valuation, premier assets and an NCIB the company has multiple ways to add value and has truly been ignored, offering a compelling buying opportunity.