on ROK Resources, Inc. (CVE:ROK)
ROK Resources Reports Progress in Q2 2025 Financial Results
ROK Resources Inc. has reported its financial results for the second quarter of 2025, highlighting strategic alignment and budget adherence. The company announced a $9.0 million funds flow, emphasizing increased working capital surplus and shares buyback via its Normal Course Issuer Bid (NCIB). This quarter, ROK averaged a production of 3,729 boepd, sustaining 65% in liquids.
Significantly, the company shifted from a $10.6 million net debt at the end of 2024 to a $3.8 million net surplus by mid-2025. Moreover, ROK repurchased and canceled 1,171,000 shares, adjusting outstanding shares to 218,598,315. ROK plans to launch a capital program in Q3 2025, involving the drilling of a Midale multi-lateral well.
ROK's net income for Q2 2025 was $3.278 million, a rise from $82,000 in Q2 2024. Despite a drop in oil and natural gas sales from $21.742 million in Q2 2024 to $16.641 million, the company achieved a realized gain on commodity contracts of $6.869 million, bolstering funds from operations.
R. H.
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