ROK Resources Inc. announced that it has successfully closed the previously announced transformational acquisition of certain oil & gas assets, primarily in Saskatchewan and Alberta, from Federated Co-operatives Limited and its wholly-owned subsidiary 2214896 Alberta Ltd. ("FCL"). The Assets include approximately 2,962 boe/d (72% liquids)1 of low-decline, oil-weighted production in Southern Saskatchewan and Alberta which, at USD 75/bbl WTI pricing, is expected to generate an operating netback of $37/boe resulting in annualized net operating income ("NOI") of $40 million, implying a 1.8x TV /NOI multiple.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
0.315 CAD | +1.61% | +1.61% | -1.56% |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
-1.56% | 49.43M | |
+11.22% | 305B | |
+12.21% | 152B | |
+51.38% | 120B | |
+22.70% | 82.71B | |
+12.20% | 77.86B | |
+19.56% | 64.28B | |
+13.52% | 60.17B | |
+12.74% | 49.58B | |
+33.97% | 36.96B |
- Stock Market
- Equities
- ROK Stock
- News ROK Resources Inc.
- ROK Resources Inc. Confirms Closing of Previously Announced Transformational $72 Million Acquisition of Sustainable, Producing, Oil-Weighted Assets