Mr. Cameron Taylor reports
ROK RESOURCES ANNOUNCES 2025 CAPITAL BUDGET AND GUIDANCE
Rok Resources Inc. has provided its 2025 capital budget and guidance, emphasizing disciplined development of its conventional light oil prospects in core operating areas in southeast Saskatchewan.
Should commodity prices remain within the current range, the company will prioritize maintaining stable production, and funds from operations will be directed to expeditiously reduce debt outstanding. Alternatively, if commodity prices improve, the company will pursue a more robust development plan, aimed at maximizing funds from operations derived from the continued delineation of core plays, while maintaining a resilient balance sheet. In both instances, the company will be well positioned to consider alternative forms of returns to its shareholders. During a period of pricing volatility, Rok believes a flexible approach best positions the company to maximize shareholder value through disciplined capital allocation.
2025 budget highlights:
- Focus on southeast Saskatchewan light oil prospects with development commencing late Q2 2025;
- About 75 per cent of capex allocated to drilling, completion, equipping, tie-in and production optimization;
- Conventional Frobisher drilling expected to continue to deliver strong capital efficiencies and quick payouts;
- Continue to exploit vast inventory of multilateral Midale prospects;
- Drill emerging State A (Frobisher) open-hole multilateral well;
- Initiate southeast Saskatchewan Midale waterflood project.
About Rok Resources Inc.
Rok is primarily engaged in petroleum and natural gas exploration and development activities in Alberta and Saskatchewan. It has offices located in both Regina, Sask., Canada, and Calgary, Alta., Canada. Rok's common shares are traded on the TSX Venture Exchange under the trading symbol ROK.
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