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 ROK Resources

📌 Basic shares o/s 219M

📌 Market Cap Basic ~$33.8MM  

📌 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)

📌 EV~$48.2M 

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 95 booked plus 30 un-booked 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

✅  Year end guidance of 4000 boepd, $20M of Capex and Funds flow of $29.8M

✅  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

✅  ROK also has 75% of their PDP volumes hedged into Q1 2025 and at average price of $74.05 for WTI and $2.15/mmbtu on their natural gas. 

✅  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 protection to the downside with 9-14 years of inventory.