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ROK Resources ( (TSE:ROK) ) has issued an update.
ROK Resources Inc. announced significant achievements in 2024, including a 43% reduction in adjusted net debt and exceeding production forecasts with a daily average of 3,992 boepd. The company’s drilling program led to growth in light and medium crude oil reserves across all categories, improving its reserve life index and net asset value per share, indicating strong operational performance and strategic financial management.
More about ROK Resources
ROK Resources Inc. operates in the energy sector, focusing on the exploration and production of light oil in Southeast Saskatchewan. The company aims to enhance its financial stability and production base through disciplined capital allocation and strategic drilling programs.
YTD Price Performance: -13.16%
Average Trading Volume: 210,857
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$33.92M
For a thorough assessment of ROK stock, go to TipRanks’ Stock Analysis page.