on ROK Resources Inc. (CVE:ROK)
ROK Resources Announces 2026 Capital Budget and 2025 Year-End Reserves
ROK Resources Inc., based in Regina, is set to invest $20.4 million in 2026, focusing on core areas in Southeast Saskatchewan. The budget emphasizes new drilling, reactivation, and waterflood initiatives. The company expects to increase production by 33%, reaching 4,000 boepd by Q4 2026. The plans include drilling 10 new wells across various targets and initiating pressure maintenance projects.
In 2025, ROK achieved a net surplus of $4.4 million, reducing debt by $15 million. The company reported full-year average production of 3,591 boepd and realized $7.2 million in hedge gains. Key achievements included a strong response to waterflood at Benson and an improved working capital position.
Reserves evaluation shows total proved reserves of 12,126 Mboe and estimated funds from operations of $27.7 million. The company plans to monetize its equity in EMP Metals, potentially returning capital to shareholders.
R. H.
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