ROK Resources Announces 2025 Capital Budget and Guidance

ROK Resources Inc., a company engaged in petroleum and natural gas exploration, has announced its 2025 capital budget and guidance with a focus on its Southeast Saskatchewan light oil operations. The company's strategy remains adaptable depending on commodity prices. If prices are stable, ROK will maintain production levels and use funds to reduce debt. In case of price improvements, the company eyes an expanded development plan.

For 2025, around 75% of capital expenditures will be directed towards drilling and production optimization. Significant activities include drilling conventional Frobisher wells and advancing the Southeast Saskatchewan Midale waterflood project. Production levels are expected to range from 3,900 to 4,250 boepd, with capital expenditures between $19.1 million and $29.5 million. The company projects funds from operations to be between $31 million and $39 million, with an adjusted net debt of $6 million to $8.5 million.